JULY 2, 2020 - The Navy has authorized Assignment Incentive Pay (AIP) for Sailors extended at certain commands due to COVID-19 transfer delays. On June 12, the Navy announced the conditions-based, phased plan for Permanent Change of Station (PCS) moves. A vital part of the plan is prioritizing sea duty and critical shore billets, such as Recruit Division Commanders duty at … [Read more...]
DoD Launches Financial Education Website for Military Spouses
MAY 12, 2020 - Military spouses often are the family's chief financial officer. From managing permanent-change-of-station moves to unexpected emergencies and changes in pay, there is little doubt about the importance of understanding the unique circumstances of managing personal finances in the military life. In recognition of military spouses and the important role they … [Read more...]
Soldiers Should Check IRS Website to Ensure Stimulus Payment
APRIL 20, 2020 - Soldiers anticipating a stimulus payment should immediately update their direct deposit information on the Internal Revenue Service's website to avoid possible delays, according to Office of the Judge Advocate General sources. To quickly provide financial assistance during the COVID-19 outbreak, the IRS has begun to send out economic impact payments to … [Read more...]
Military Saves Month Proclamation Signing
APRIL 10, 2020 - The month of April is recognized as “Military Saves Month” and serves to encourage those in the military community to focus on financial readiness and to raise awareness of the financial resources available to them. U.S. Marine Corps Brig. Gen. William J. Bowers, commanding general of Marine Corps Installations Pacific-Camp Smedley D. Butler, signed the … [Read more...]
Estate Planning Even When You’re Not Deploying
FEBRUARY 20, 2020 - Soldiers frequently downplay the risks associated with everyday life in the Army. They tend to think that death and serious injury can only occur overseas in a combat zone. As a result, they tend to push aside the thoughts about what will happen if they die until right before a deployment or a National Training Center rotation. However, the risks are all … [Read more...]