Personal Finance for Military, Veterans, and their Families
This is the first look at the proposed 2020 military pay charts. President Trump’s $750 billion defense bill includes a 3.1 percent cost-of-living pay increase for military members, the largest increase in 10 years. Until the bill gets House and Senate approval and the president’s signature, the pay increase is just a proposal. But assuming the […]
If you’re a current or former member of the US military, you have access to some of the very best education and education assistance programs in the country. There are many different programs, both for those on active duty and honorably discharged veterans. That will give you the ability to participate in the program that […]
Active duty service members, Reserves and Guard members, eligible veterans, and retirees are well covered by military insurance. Whether it’s life insurance, health insurance, or dental insurance, each type of coverage comes with several different program options. You can choose the one that offers the best combination of cost and benefits for you and your […]
Military healthcare is among the best coverage available anywhere. It’s as close to no-cost health insurance as you’ll find, and it covers virtually everything. Perhaps the biggest problem with military healthcare is that, like most military insurance plans, it can be difficult to understand. In this article, we’ll provide the basic information, and give you […]
Military families have access to arguably the most beneficial mortgages in the country. VA loan rates are incredibly competitive. More than that, VA loans require zero dollars down and waive PMI, unlocking the potential to own a home for millions of military personnel and veterans. Since the government insures these loans but offered by private […]
Get a home loan for up to $484,350 with the VA Loan. Did you know that if you are currently in the military or are a military veteran, you may be eligible to participate in the VA Loan program? VA Loans are one of the best benefits programs available to almost all veterans – and […]
Will you have a pension plan to help fund your retirement dreams? A defined benefit pension plan can make a huge difference in your retirement planning. We’ll take a deeper look at how having a pension impacts your retirement, and what you can do to create regular income streams if you a pension will not […]
Military service can be hazardous, even if you never see combat. It’s not uncommon for men and women to join the military when they are young and healthy, then endure numerous injuries and illnesses during their years of service. Some of these injuries can impact the veteran for the rest of their life. Thankfully, the […]
We’ve covered VA loans extensively here at The Military Wallet. They offer eligible veterans and active military personnel incredible benefits in purchasing or refinancing a home. But are there times when a VA loan may not be the best option? There are, so it’s time to take a close look at VA loan alternatives. Best […]
One of the main reasons veterans choose VA loans to purchase a home is because of the zero down payment requirement. But did you know that VA loans aren’t the only loan program that provides 100% financing? If you live in a rural area and qualify as a low- to moderate-income household, you may be […]