Military families have unique considerations when it comes to paying for their children’s college. Between state benefits, the Post 9/11 GI Bill, and other assistance, many military families wonder whether they need to save in educational savings accounts like 529 plans and Coverdell accounts. As the parent of four college students, I feel pretty confident… | Read More…
When Is The Next Military Payday? (And When Will You See That Money?)
Hello friends! As we all know, planning your spending is easier when you know when you’ll have the money to spend. And while mililtary paydays are tied to the 1st and 15th, they get moved due to weekends and holidays. And then there are many banks and credit unions that offer early crediting of military… | Read More…
Long Pay Period Warning – And Some Thoughts On It
If you are one of the many people who get your military pay early, this March end-of-month pay period is going to be long. Every time we have a long pay period, Facebook explodes with conversations on this subject, and they provide a fascinating look into how people handle their money. Actual Military Paydays Because… | Read More…
Tricare Now Offering Teleheath Services, Including Mental Health
Tricare beneficiaries, rejoice! Tricare, through their contractors Humana and Health Net Federal Services, are now offering telehealth through two different services, Dr+ on Demand and Telemynd . I am so excited about this, I can’t even explain. Finding health care can be challenging enough under the best of circumstances, and the current pandemic is far… | Read More…
March Military Scholarships for Service Members, Veterans, Spouses and Kids
This post is part of my ongoing Military Scholarships series. We’re really in the thick of the scholarship season now, which is both a blessing and a curse. It makes for a lot of work, but there are many wonderful opportunities and once they’re gone, they’re gone until next year. (Or forever, if they are… | Read More…
New To The Military: Understanding Military Pay Raises
One of the great things about the military pay scale is that there are regular raises built right into the system. When you’re first starting out, they come a little more frequently, then the pace tapers off after you’ve been in the military a while. There are three types of regular pay raises in the… | Read More…
Tax-Advantaged Retirement Savings for Military: Thrift Savings Plan, IRAs, Roth and Traditional – What Does It All Mean?
Many military members have questions about the Thrift Savings Plan, often called TSP, and Individual Retirement Arrangements, often called IRAs, and how you can have both and how the contribution limits work. Throw in the Roth and Traditional tax structures of either account, and you can hear some confusing conversations. Even if just one side… | Read More…
Scholarship for Families of Disabled and Fallen Military Members
This is a unique installation of my ongoing Military Scholarship series. If you’ve been following this blog for a while, you will know that I put out a post a month with upcoming scholarships for military spouses, service members, and dependents. This post will focus on scholarships that are specifically for the family members of… | Read More…
Five Things To Check On Your January 2020 Military Leave and Earnings Statement
While it is important to review your military Leave and Earnings Statement every month, it is extra important whenever you have changes, such as a Permanent Change of Station move, a promotion, a time-in-service or regular annual raise, or any other action that could impact your pay and allowances. While these events can occur any… | Read More…
Life Insurance After Military Service
Military service members have simple, affordable life insurance coverage through the Servicemembers Group Life Insurance program, usually called SGLI. Military spouses may be covered through Family SGLI, or FSGLI. But this coverage ends at, or shortly after, military retirement. Many families still need life insurance protection during the next stage of their life. There are… | Read More…
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