SEPTEMBER 27, 2021 - The Department of Defense has temporarily authorized increases in the 2021 Basic Allowance for Housing (BAH) rates for 56 housing markets (commonly referred to as Military Housing Areas, MHAs) across the U.S. Uniformed service members who have incurred increased housing costs above their current BAH may be eligible to apply and receive BAH at the … [Read more...]
Active-Duty Military Members Learn About the Stock Market
AUGUST 10, 2021 - Most military members shouldn’t even consider serious investing until they build up a savings cushion. If you’ve paid off personal debt and built an adequate emergency fund, you are ready to start saving for retirement and even building passive income from investments. If you’re thinking building your wealth by buying and selling assets, shares, and … [Read more...]
AER Program Takes Guesswork Out of Financial Assistance For Soldiers
JULY 28, 2021 - The life of a service member isn’t always easy. But, of all the things a Soldier has to worry about on a daily basis, finances shouldn’t be one of them. That’s where the Army Emergency Relief program comes in. Retired Lt. Gen. Raymond Mason, Army Emergency Relief director, visited Fort Stewart-Hunter Army Airfield, July 20-21 to promote the program and … [Read more...]
Debt Reduction First Step in Retirement Planning
MAY 4, 2021 - It’s never too soon to start putting money aside for retirement, but financial experts advise debt reduction before retirement planning will maximize retirement income. A debt snowball method may help Soldiers and their Families make faster headway paying off debts so they can then invest larger amounts into retirement accounts. Soldiers and their Families … [Read more...]
Navy Marine Corps Relief Society
MAY 3, 2021 - In 1904 a group of naval officers, their wives and a few friends founded the Navy Marine Corps Relief Society (NMCRS) after they recognized the need for medical and pay assistance for the troops. Instead of “passing the hat” to collect money, Marines and Sailors now had a resource to relieve their financial burdens. The NMCRS initially generated funds from the … [Read more...]