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...]
Sailors, Marines, Civilians Beware of Card-Cracking Scams
APRIL 9, 2020 - NCIS has recently observed increased reporting from service members facing severe financial losses after falling victims to card-cracking scams initiated via social media with promises of getting out of debt and making extra money. There are two primary methods used to establish contact with potential victims. One version involves a social media post or … [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...]