The Military Wallet: Helping the military community manage money.
2022 Military Retirement Pay COLA – 5.9% Increase
Military retirement pay is based on a percentage of the base pay you received prior to retiring from active duty, or from the Guard or Reserves. One of the benefits that makes military retirement pay so …
Make Sure Your Thrift Savings Plan, Other Investments are Within 2021 Contribution Limits
A change to the Defense Finance and Accounting Service (DFAS) system in early 2021 may have allowed some Thrift Savings Plan (TSP) participants to exceed their contribution limits. Here’s how to make sure you don’t get penalized …
Make Sure Your Thrift Savings Plan, Other Investments are Within 2021 Contribution Limits
A change to the Defense Finance and Accounting Service (DFAS) system in early 2021 may have allowed some Thrift Savings Plan (TSP) participants to exceed their contribution limits. Here’s how to make sure you don’t get penalized …
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Veteran’s Designation on Driver’s Licenses or State ID Cards
It can be difficult for some military veterans to prove they served in the military. Federally issued issued military ID cards include military retiree ID cards, the VA’s new new veterans ID Card and veterans’ health …
2022 Military Clothing Allowance Rates – How Much Do You Get to Replace Your Uniforms?
Military members are provided with an initial clothing allowance when they join the military. Enlisted members also receive an annual clothing allowance to maintain current uniforms and purchase new uniform items as needed.
2022 Military Retirement Pay COLA – 5.9% Increase
Military retirement pay is based on a percentage of the base pay you received prior to retiring from active duty, or from the Guard or Reserves. One of the benefits that makes military retirement pay so …
2021 – 2022 Montgomery GI Bill Rates – How Much is Your MGIB Benefit Worth?
The Montgomery GI Bill (MGIB) is one of the most valuable benefits available to military members and veterans. In many cases, it is worth thousands of dollars in education benefits. If you want to know how …
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2021 VA Service-Connected Disability Compensation Rate Tables
VA service-connected disability compensation rates increased by 1.3% in 2021, effective Dec 1, 2020. Here are the current VA disability compensation rate tables.
Home Depot and Lowes 10% Military Discount Available Every Day
Home Depot and Lowe’s offer a 10% military discount year round to all active duty, retirees, members of the Guard and Reserves, and their family members. Military discount availability varies for veterans who did not retire.
Types of Military Discharges – Understanding Discharge Ratings
There are many types of military discharges, including an honorable military discharge, general discharge, under other than honorable conditions, bad conduct discharge, dishonorable discharge, and entry-level separation. This guide explains the difference among these types of …
2021 IRS Tax Refund Schedule (2020 Tax Year) – When Will I Receive My Tax Refund?
The IRS processes tax returns as it receives them. If you file your tax return electronically, the IRS will generaly process direct deposit refunds within 7-10 days of receiving your tax return, and process paper checks …
