DoD to Remove SSN from All ID Cards

The Department of Defense (DoD) recently announced they are removing Social Security Numbers from all DoD issued military ID cards in an attempt to make them more secure and help prevent identity theft. In my opinion, this move is long overdue, and was the subject of an article I wrote about how military members are prime targets for identity theft.

New guidelines regarding the issuing of DoD ID Cards.

No SSN on New Military ID CardsThe new process for issuing DoD identification cards will eventually phase out the requirement for printing SSN’s on DoD ID Cards, including ending the requirement to enter SSN information in the bar codes of CAC cards. This change will affect all DoD ID card holders, including active duty military members, members of the Guard and Reserve, family members, retirees, contractors, and anyone else who receives a DoD ID card. As part of the directive, SSNs should not be relied on as a unique ID number.

These changes are being made by the Department to protect the identity information of cardholders. Changes to ID cards will occur when the cardholders’ expired cards are renewed.

Three phase removal of SSNs from DoD ID cards

new-dod-id-cardsThe removal of SSNs will occur in three phases, all of which will occur when DoD ID cards are renewed (do not go to the Pass and ID section at your base and request a new card solely to get your SSN removed, they will probably not do it).

  • Phase One: Remove Dependent SSNs To begin by end of calendar year 2008
  • Phase Two: Remove printed SSNs from all cards* To begin by end of calendar year 2009
  • Phase Three: Remove SSNs embedded in barcodes To begin during calendar year 2012

Removal of SSNs from DoD Retiree cards

DoD issued retiree cards usually have an indefinite expiration date. The earliest you will be able to replace your DoD issued retiree card for one without your SSN will be January 2010, as the priority will be to get active duty military members cards replaced first.

Additional information:

DoD card renewal locations: Updated DoD identification cards without the owner SSN will be issued at over 1,500 RAPIDS ID card centers worldwide. Visit the RAPIDS Site Locator to find a DoD ID card renewal location near you.

Required items: Be sure to bring two forms of identification, including at least one state or federal photo ID.

For more information call you local Pass & ID center or the nearest RAPIDS Site.

Obama Administration Considers Charging Veterans for Healthcare, then Changes Direction

The Obama administration was considering a bill that would charge veteran’s insurance companies for medical care related to treatment of combat and service-related injuries. I don’t know whose idea that was, but it was met with extreme criticism from Veteran’s groups and military members. A third party billing system would make insurance more costly and difficult for veterans to obtain – in many cases leading to financial hardship and a lack of heath care for many veterans.

Even with all the criticism the plan received, it looked like the Obama administration was going to push the bill through. Thankfully,wiser minds prevailed and the plans were scrapped at the last minute.

The right decision was made here. The government sent military members off to war and the governemt should be responsible for the associated health care. Our veterans deserve that much and more.

Homeowners Assistance Program Helps Military Members Who Lost Money Due to PCS

The 2009 American Economic Recovery Act, also commonly referred to as the economic stimulus package, contains an assistance package to help US military who lost money on their home during a PCS move. The current economic crisis has affected housing prices around the nation, and the government wants to assist military members who were required to make a Permanent Change of Station (PCS) due to military needs.

Department of Defense Homeowners Assistance Program

The Department of Defense Homeowners Assistance Program (HAP) is managed by the US Army Corps of Engineers (USACE), and is only open to military members who were permanently reassigned because of a Base Realignment and Closure (BRAC) during the mortgage crisis. The following information is from the website:

The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement.

There are two main eligibility criteria:

  1. There has to be an announcement of a base closing or realignment action which affects your community.
  2. A determination must be made that real estate values have dropped as a direct result of the base closing or realignment announcement.

Once those criteria are met, there are additional requirements.

Department of Defense Homeowners Assistance Program eligibility requirements:

Update: The Homeowners Assistance Program has recently been modified to include wounded service members, surviving spouses of military members who die while deployed, and certain other military service members who are required to move more than 50 miles because they receive permanent change-of-station orders.

Homeowners Assistance Program eligibility requirements:

  • PCS orders require relocation of more than 50 miles.
  • Reassignment ordered between 1 February 2006 and 30 September 2012 (or earlier date designated by Secretary of Defense).
  • Property purchased or contract to purchase signed before 1 July 2006.
  • Property sold by owner between 1 July 2006 and 30 September 2012 (or earlier date designated by Secretary of Defense).
  • Property was the owner’s primary residence.
  • Owner has not previously received these benefit payments.

Other eligible personnel:

  • Personnel transferred or terminated within six months prior to the announcement who were owner-occupants at the time of transfer.
  • Civilian and military personnel on overseas tours who transferred within three years prior to the announcement and who are homeowners in the area.

How to file a Department of Defense Homeowners Assistance Program claim

If you are a military member who is PCSing or has PCSed during the window of eligibility, you will need to download the application packet and complete the application, DD Form 1607, Application for Homeowners Assistance Program. The basic application is made on Part III. You will need to get your personnel officer to complete Section IV.

Supporting documents. You will also need to include verification of home ownership, the dates you lived in the home, a copy of your PCS orders, the efforts you made to sell your home and whether or not it sold, and the details of your mortgage.

You must submit your completed application by mail to the US Army Corps of Engineers district rwhere your home is located. For more information about the district lines, visit the USACE contact page.

The Homeowners Assistance Program has not been finalized

Details for the Homeowners Assistance Program are not yet written into law and the requirements are still being negotiated by Congress. Here is the message from the HAP website:

DoD policy guidance cannot be displayed until after the interim draft rule is published in the Federal Register. The dates for publishing in the Federal Register and initiating applicant processing are not known. They will be highlighted on this web site when the information becomes available.

For more information, visit the Department of Defense Homeowners Assistance Program home page, or the Department of Defense Homeowners Assistance Program FAQ page.

AAFES Gift Card Sweepstakes

I’m a bit late on this one, as it started on the 13th of March, and ends on the 19th. AAFES is joining with ConAgra Foods, Inc. to give away $20,000 in free fuel. The sweepstakes is open from March 13-19 and prizes will be awarded April 16, 2009.

AAFES Sweepstakes prizes: Prizes include 150 AAFES gift cards valued at $100 each, and 5 $500 AAFES gift cards will be given away as grand prizes. Entry forms can be found at AAFES stores worldwide. Visit your BX or PX for more details.

Sweepstakes eligibility: This sweepstakes is open to all authorized base exchange shoppers including all active duty Soldiers, Airmen, Sailors, and Marines, National Guard and Reserve personnel, military retirees and their families.Find the closest PX or BX by visiting the AAFES Store Locator.

Good luck!

aafes-sweepstakes

Free Tax and IRA Webinar from USAA

USAA recently provided a FREE webinar on taxes and IRAs called “Tips to Save This Tax Season and Beyond.”The webinar was a huge success, and hundreds of people tuned in for free financial information. The free webinar included tips on saving money on taxes, applying your tax refund to your retirement accounts, and answering viewer questions about Traditional and Roth IRAs and taxes.

View the webinar for free

The program was such as success that USAA is sharing it with everyone. You can view the free webinar here. This webcast is available to everyone. You do not need to be a USAA member to view it (requires Real Player).

usaa

2009 Economic Stimulus – What it Means to You

The 2009 economic stimulus was passed last month, and it looks like you will be seeing more money in your paycheck soon. Starting April 1, 2009, you should start receiving the Making Work Pay tax credit, which gives eligible tax payers an additional $400 – $800 per year. Single tax filers will receive $400, and married filing jointly will receive $800.

Here are some more benefits in the 2009 economic stimulus package:

Personal Tax Breaks in the 2009 Economic Stimulus Package

There are numerous personal tax breaks in the economic stimulus package, including the Making Work Pay tax credit mentioned above. It’s important to note that there will not be another stimulus check this year. The Making Work Pay tax credit takes fewer taxes out of workers pay checks from April 1, through the end of the year.

One-time $250 payment to people who don’t work. This $250 one-time payment will be sent out to retirees, people on disability and others who don’t work.

Alternative Minimum Tax (AMT) relief. The economic recovery bill calls for a higher exemption limit on the AMT. This should equate to an average tax savings of $503 on taxable income levels between $66,354 and $111,645.

$8000 first time home buyer’s tax credit

Last year there was a $7,500 first time home buyer’s tax credit which was essentially a loan because it had to be repaid. This portion of the tax code was set to expire in July of 2009, but the new stimulus plan brought the tax credit back in the form of an $8,000 tax credit for first time home buyers that is not required to be repaid.

In order to qualify for the $8,000 first time home buyer’s credit, you will need to purchase your first home between January 1, 2009, and December 1, 2009.

New car buyer’s tax credit

The US auto industry is a major component of our economy and the US government wants to keep it alive. That’s good news if you are looking for a new car. New car buyers who earn less than $125,000 (single filers) or $250,000 (joint filers) are eligible to write off state and local sales taxes and excise taxes from new car purchases made in 2009. This is an above the line tax deduction which means you don’t even need to itemize your taxes to take advantage of this tax deduction.

Unemployment and COBRA Benefits

The stimulus plan also offers help to those who have recently become unemployed due to the poor economy. Unemployment benefits and COBRA insurance benefits are available to many people when they become unemployed, and the US government just extended those benefits in terms or duration and monetary compensation.

Unemployment benefit increases. Unemployment benefit payments were increased an average of $25 per week, and there are extensions to how long one may claim unemployment benefits. For more information please see this article: 2009 economic stimulus plan unemployment benefits.

COBRA benefits. COBRA insurance benefits also saw an improvement in the 2009 economic stimulus plan. Benefits may include subsidies or increased duration for being eligible for COBRA. For more information please see this article: 2009 economic stimulus plan COBRA benefits.

Education benefits in the 2009 stimulus plan

The 2009 economic stimulus plan brought increased educational tax credits and Pell Grants. These increase will put more money into the hands of students, and ease their burden of going to school and trying to make ends meet.

Social benefits in the 2009 economic stimulus plan

Finally, there were numerous social benefits added to the 2009 economic stimulus plan, including an increase in food stamp benefits and welfare. These benefits will help thousands of people put more food on the table each week.

Will the 2009 economic stimulus plan work?

It’s no secret our economy is hurting. I think the stimulus has a chance to help a lot of people – particularly those who are unemployed and receiving COBRA benefits, and those who are receiving social aid such as food stamps or welfare. This plan also differs from the first economic stimulus plan which only sent out checks. This plan calls for job creation and increased social benefits for those who truly need it.

You Need a Budget Pro Software Giveaway

Earlier this week I published a YNAB Pro review on Cash Money Life. Well, the people who run You Need a Budget were nice enough to sponsor a YNAB Pro giveaway at Cash Money Life!

About YNAB Pro. You Need a Budget is a powerful budgeting software program based on a zero based budget. The budgeting model is to “give each dollar a job”  to meet your financial goals. Giving your money a job means using excess money in your budget to pay for unexpected expense planned expenses, to pay down debt, increase savings, or anything else that will help you meet your goals.

ynab-pro

How to enter the YNAB Pro Giveaway

Entry to the YNAB Pro giveaway is easy and free. There are two ways to enter:

  1. Visit the YNAB Pro giveaway at Cash Money Life
  2. Link to my You Need A Budget review from your website (be sure to contact me to let me know!).

Important notes: The YNAB Pro giveaway is free to enter, winners will be based on a random drawing from all eligible entries. Maximum numbers of entries is 2 per person. Giveaway ends Wednesday, March 11, 2009.

Good luck!

March Edition of the Carnival of Financial Goals

Welcome to the March 4, 2009 edition of Carnival of Financial Goals. There were a lot of articles submitted this week, but I only selected the best of the best for publication in this edition of the Carnival of Financial Goals.

Editor’s Choice Selections

Green Panda presents Personal Growth and Achieving Financial and Life Goals posted at Green Panda Treehouse, saying, “I’ve developed new skills, pushed my boundaries, and have worked hard on achieving goals. Here are 5 things I’ve learned about life from starting a blog.”

Peter presents Why Goals Are Important posted at Bible Money Matters, saying, “Setting goals for yourself each year is important. Here is why.”

Ben presents Preparing for a Layoff: Job Tips for Staying Employed in a Recession posted at Money Smart Life.

Budgeting

jim presents Try Living On Minimum Wage posted at Blueprint for Financial Prosperity.

debt kid presents Why Budgets Don’t Work For Everyone posted at DebtKid.

Career

Ryan presents How to Start a Blog for Fun or Profit posted at Cash Money Life, saying, “How to achieve your goal of starting an income earning blog.”

Leaving The Folks presents Avoiding Resume Mistakes posted at Real World Advice, saying, “Given today’s tough job market, it is important to not have any mistakes on your resume.”

Tisha Tolar presents Work at Home Discipline: Find Some posted at Empowering Mom.

Investing & Saving

David presents Trick Yourself into Saving More posted at Pimp Your Finances, saying, “An easy trick I use to gradually and permanently increase my saving habits.”

BankMan presents Why You Need a High Yield Savings Account posted at High Yield Savings Accounts, saying, “Everyone needs a high yield savings account to help smooth returns while waiting for a better investment to come along.”

Ryan presents Free Stock Trading and Investing Tools posted at Cash Money Life, saying, “Free stock trading and investing tools to help learn how to make better trades and investments.”

Other Personal Finance

ChristianPF presents Do newlyweds need life insurance? posted at Christian Personal Finance Blog, saying, “A good discussion about whether or not newlyweds should have life insurance…”

That concludes this edition. Submit your blog article to the next edition of carnival of financial goals using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

You Need a Budget Coupon Code – Save 10%

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Save 10% off YNAB of YNAB Pro

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The 5 FREE financial spreadsheets include:

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