Should you join the military to pay for college? Many are tempted, especially in the wake of the passage of the Forever GI Bill. At the time of this writing, that modification to the military’s education benefits means more education options for the service member. They include the ability to transfer GI Bill benefits to a qualifying spouse or child, and the housing allowance paid to those who attend in-person classes (or a reduced stipend for … [Read more...]
Changing TSP Contributions
TSP, the Thrift Savings Plan, is a retirement investment program offered to federal employees and members of the United States military including members of the Ready Reserve. TSP is what financial planners describe as a defined-contribution plan. Some feel the features of TSP resemble a private-sector 401(k) retirement plan. Employees may be eligible for employer contributions, and many of the plan's investment options allow you to diversify … [Read more...]
Money Saving Tips For Spouses and Children Of Veterans
There are many different types of advice and money-saving tips for the spouses and children of veterans. But not all of them direct people to one of the most obvious sources of help available to those living stateside. Especially when the military spouse is deployed or assigned overseas. What are these saving tips? For a start, it helps to create a personal and family budget before exploring these options. You want to know how any of these … [Read more...]
Military Benefits: not Just for Those in Uniform
Military benefits are not just for those in uniform; military spouses and what the military calls “dependents children” are also eligible for money-saving benefits that may apply to both officer and enlisted members as well as their immediate family. Pay And Benefits For Families At the most basic level, those who enter the military with a family or start one after joining the Air Force, Army, Navy, Marine Corps, or Coast Guard get benefits … [Read more...]