The Blended Retirement System (BRS) is the new military retirement plan, which went into effect on January 1, 2018. The BRS was passed by the Senate Armed Services Committee as part of the FY 2016 National Defense Authorization Act (NDAA). The 2016 NDAA featured several major proposals, including military retirement reform, personnel reform, and headquarters and […]
Getting A VA Loan Entirely Online Using Rocket Mortgage, From Quicken Loans
Quicken Loans is disrupting the mortgage industry. The industry has a long history of being slow and paperwork intensive. Mortgage personnel are often difficult to get a hold of. But Quicken Loans has moved the entire process online. In doing so, they have streamlined the mortgage process, reduced the time needed to process loans, lowered […]
VA Loans – Eligible Types of Property You Can Buy with a VA Loan
VA mortgages are available to eligible veterans, who can use them to finance up to 100% of the purchase price of an eligible property, up to VA approved loan limits. Eligible veterans can also finance the VA Funding Fee as part of the loan. Because of that arrangement, the veteran is able to purchase a home […]
Veterans United Review – VA Loan Mortgage Specialists
If you’re a veteran of the US military, and looking to buy or refinance a home, you need to work with a VA loan specialist. Only such a specialist will know all of the benefits you’re entitled to, as well as special programs and pricing available. There are only a handful of VA loan specialist […]
Thousands of Disabled Veterans Eligible for Tax Refunds
The IRS recently announced that over 130,000 disabled veterans are due refunds from the IRS due to a “computer glitch” which caused the IRS to incorrectly withhold taxes on disability severance payments to combat-injured veterans. These payments should be non-taxable payments, just like disability compensation from the VA. This error occurred between 1991 and 2016, […]
The Best VA Loan Companies for 2018
You can get a VA loan with just about any lender anywhere, right? Possibly. But some VA lenders are just better than others. Many mortgage lenders offer VA loans, but they don’t specialize in the loan type. For that reason, we’ve compiled this list of the best VA loan companies and/or lenders available in the […]
2018 VA Service-Connected Disability Compensation Rates
The 2018 Cost of Living Adjustment for VA disability compensation of 2.0% was the largest COLA increase in six years. This rate increase followed rate increase of 0.3% in 2017 and no rate increase in 2016. The following article explains VA Service Connected Disability Ratings, how VA disability compensation works and shows the 2018 VA Disability […]
New Federal Veterans ID Card Now Available – How to Apply for the New VIC
Update – May, 2018: The VA has begun issuing ID Cards. I applied for mine in early 2018 and received it in May, 2018. I have heard from several other veterans who have received their ID cards. The VA has stated it can take up to 60 days to receive your ID card, so please […]
Shades of Green Military Resort at Walt Disney World, Orlando FL
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http://traffic.libsyn.com/militarywallet/TMW_032_Disney_Military_Discounts_Shades_of_Green.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Google Podcasts | RSSMy family and I just returned from a wonderful Walt Disney World vacation. As you probably know, Disney World is very expensive. Thankfully, military members have access to some excellent discounts that can help you cut your costs by more […]
TSP Loan – Dangers of Taking a Loan from Your Thrift Savings Plan Account
Recently, Michael Kitces published an article titled, “Why Paying Yourself 5% Interest On A 401(k) Loan Is A Bad Investment.” My first thought was, “If it’s a bad idea for a 401(k) loan, it must be even worse for Thrift Savings Plan loans.” After all, the interest on a TSP loan is nowhere near 5%…it’s […]
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