One of the first steps in creating a budget is knowing how much money you have coming in, and when. That’s why it’s important to know when you get paid. In general, military pay dates are easy to remember: you usually get paid on the 1st and 15th of each month. Note: Retired military members […]
Archives for 2014
This post was originally published in the USAA Member Community – The Emotional Aspects of Transitioning Out of the Military | Sponsored post by USAA. What No One Ever Talks About – The Emotional Aspects of Transitioning Out of the Military by: Ryan Guina I transitioned from the Air Force in 2006, after completing six and […]
Military retirees are eligible for a variety of valuable benefits, starting with military retirement pay and military medical benefits. They also have access to base facilities and shopping, Space-A travel, and more. This article and podcast shows you how to qualify for military retirement benefits, how to calculate military retirement pay, and how to make the most of the valuable benefits you have earned.
Basic Allowance for Housing, or BAH, is the given to military members who are not provided with base housing. This tax-free benefit can range from a few hundred dollars per month, up to several thousand dollars per month, depending on the member’s location and whether or not they have dependents. As you can imagine, this […]
Each year the DoD adjusts Basic Allowance for Housing Rates across the board. They use a host of information to calculate how much they should provide servicemembers. In some locations BAH Rates increase, and in others they decrease. Thankfully, the BAH Rate Protection policy ensures your BAH rate won’t decrease in the middle of your […]
The Department of Defense recently announced sweeping changes for when they will allow military members to use allotments from their base pay. Starting January 1, 2015, the military will no longer allow active duty servicemembers to use allotments for personal property purchases, including purchases of: Vehicles, including cars, trucks, motorcycles, and boats, Household goods such […]
If you have traveled on official government duty, you have probably received per diem. Per diem is the daily allotted pay the DoD gives members while they are traveling on official duty assignments. The funds are to be used to cover your lodging, food, and incidental expenses, such as laundry and basic needs. When most […]
Joining the National Guard or Reserves is a big career decision. In this article and podcast, we examine the benefits and pros and cons of joining the National Guard or Reserves after leaving active duty. We also cover topics such as how to earn retirement points, how to earn a Good Year toward retirement, benefits while serving in the Guard or Reserves, health care options, retirement benefits, and more.
Update: This article was originally published in Nov. 2014 and covered involuntary retirements for a select group of military officers. Due to the way the law was written, many of these officers were scheduled to retire with enlisted pay. That is, until their story was made public and resulted in a Congressional inquiry. The Army […]
Military and veterans benefits are often seen as overly generous by those who don’t understand what it takes to earn them. While it is true that some military benefits are generous, servicemembers have to go through a lot to earn them. Take military retirement, for example. A military member can retire after 20 years on […]