OCTOBER 20, 2022 – In a memo on the subject “Taking Care of Our Service Members and Families,” Secretary of Defense Lloyd J. Austin III directed that basic allowance for housing be increased for active-duty service members assigned in the 28 military housing areas where the average rental housing costs have increased more than 20% over the current BAH rates. This is an … [Read more...]
Thrift Savings Plan Lets You Pay Yourself First
OCTOBER 5, 2022 - “Pay yourself first.” I don’t recall when it was that I first heard – or perhaps read – that simple bit of financial wisdom. But I do know it was sometime way back in my younger days, and that it sure sounded right – like something that I really ought to try to do. There was no Google back then, but if you enter the phrase “Pay yourself first” in your … [Read more...]
Loan Forgiveness Waiver Nearing End
SEPTEMBER 22, 2022 - Defense Department personnel with student loan debt might be able to benefit from temporary changes made to the Public Service Loan Forgiveness program. The Limited PSLF Waiver allows borrowers to receive credit for past periods of repayment, making it easier to have their loans forgiven. Those who have not already applied for this waiver must submit … [Read more...]
What Military Personnel Should Know About Crypto Investing
AUGUST 29, 2022 - As more and more service members and their families try to get in on the crypto frenzy, a number of concerns have since come to fore, leading some branches within the US military to take drastic measures in order to curb cryptocurrency trading, transactions and mining among its service members. While so far only the US Marine Corps has placed a blanket ban … [Read more...]
April is National Financial Capability Month
APRIL 7, 2022 - The 17th Force Support Squadron’s Airman and Family Readiness Center are hosting several financial workshops to highlight April as National Financial Capability Month. Anyone with base access can sign up for free and learn what resources are available, helping them become financially fit. “We want to teach not just permanent members and their families, but … [Read more...]