A few months ago I published an article entitled Should Military Members Receive Special Benefits?. The article was written in response to a comment on another website by someone who didn’t believe military members should receive additional benefits. I dedicated an entire article to the response because military compensation is a complicated and sometimes touchy [...]
A Military Retirement is Worth Millions of Dollars
That’s a bold headline, especially if you a retired enlisted military member only bringing in a little over a thousand dollars a month in retirement pay. But it’s true. A military retirement is worth well over a million bucks. In some cases it is worth millions of dollars. Before we get too deep into this, [...]
Do Military Spouses Receive a Paycheck?
The military pay system can be pretty complicated, especially for a new military member. It is even more complicated for new military spouses to understand. Marrying into the military transforms your daily life, and if you haven’t been exposed to it before, it can be a culture shock. Unfortunately, it doesn’t come with a manual! [...]
Financial Planning For Military Families
The way you handle your personal finances is important to the financial stability of every family. Military families face different challenges when planning for the future, especially when service members are deployed. For this reason it is especially important for members of the military to not put off getting their finances in order. The following [...]
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 [...]
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 [...]
USAA Subscriber Savings Account Distribution Announcement
My wife and I received our Subscriber Savings Account letter from USAA yesterday. USAA is a member owned financial institution, so if you are a member of USAA, you actually own a portion of the company. The Subscriber Savings Account is one way in which USAA shares its profits with its members. I think it [...]
Managing Money While Deployed
Jeff Rose is an Illinois area Certified Financial Planner(TM) and co-founder of Alliance Investment Planning Group. He is also the author of Good Financial Cents, a financial planning and investment blog. You can also learn more about Jeff at his website Jeff Rose Financial. In January 2005, I left the comfort of my family and [...]
Behind the Scenes: Why the War in Iraq Really Costs $12 Billion a Month
Editor’s note: This is a guest post contributed by an anonymous Soldier who has been involved in the War on Terror in Iraq. He are a few of his experiences, and his opinions on why the war in Iraq costs so much money. The war in Iraq costs the American tax payers an estimated $12 [...]
October Commander’s Call
It’s October now, which means it’s time to take a look back at some of the top military money articles from September. That also means it’s the beginning of the fiscal year, which often means there is more fundig available for many military units. I always remembered the budgets getter tight near the end of [...]