Since transitioning out of the military, I've had the, um, "pleasure" of being around a lot more civilians. Some of the questions I'm asked on an annoyingly regular basis are, "Aren't VA loans awesome? Don't you get a free house? Did you get yours?"
The Department of Defense (DoD) has granted a temporary exception to policy to allow select service members to transfer their Post-9/11 GI Bill education benefits to dependents until July 12, 2019.
NAVADMIN 020/19, released Jan. 24, 2019, announces that for a limited time, sailors with at least 10 years of service who are unable to serve four additional years, due to statute or standard policy, may transfer their education benefits to dependents if they agree to serve the maximum time authorized. For example, enlisted sailors within four years of high year tenure or officers within four years of their statutory limit of service are eligible.
Buying your first home on active duty may be intimidating and the jargon can be confusing, but the good news is that others have walked this path and made it through — and you will, too. Active duty service members and veterans have a secret weapon that civilians do not possess: the VA Guaranteed Loan. While the VA will not issue the loan itself, the guaranty provides the veteran with the means to obtain a loan without a down payment or mortgage insurance premiums.
The Air Force announced Jan. 23, 2019, the details of the fiscal year 2019 Aviation Bonus program.
The fiscal 2019 AvB program is designed to augment continuing aircrew retention efforts across the Air Force, by offering experienced aviators bonuses for signing tier-based contracts, ranging from three to 12 years of continued service.
Congress raised the annual maximum aviation bonus from $25,000 to $35,000 in the fiscal 2017 National Defense Authorization Act and required the Air Force to present aviation bonuses based on a business case analysis. The Air Force evaluates its rated inventory every year to ensure the AvB program is tailored to meet the service's needs.
Purchasing your first car is a minefield filled with predatory lenders and scams. Young troops, unfortunately, fall victim to these bloodsuckers every year because they do not know of the special offers and protections available to them. It's exciting to be on the lot, test driving your potential steed, but knowing the pitfalls that lurk in those lots will save you and your wallet a lot of grief.
It's your first car and having your finances accounted for will make it easier when the additional expenses of maintenance, insurance, gas, and registration come into play. You wouldn't go into battle without ammunition and you should equally not venture onto a lot without knowing your credit score, pre-approval amount, and potential financial threats.
Here are 4 tips for identifying and preventing scams targeting you, a junior troop, as you shop for your first car.
Getting your first paycheck on active duty is awesome — because getting paid is the best. But most of us don't know what to do with that money. Buy a Camaro? Stuff it in a mattress? Maybe...but what about turning it into a million dollars?
It might sound too good to be true, but it actually isn't. Let's talk about a simple financial product for beginning investors: the Roth IRA.
During his 12-year NFL career, Jared Allen was a heavyweight defensive player, making his presence known on multiple teams, especially the Minnesota Vikings. It was as a Viking that Allen went on a trip that touched his heart and soul, touring with USO to visit servicemen and women deployed overseas. He even told the assembled troops as much.
That's what led to Jared Allen's Homes for Wounded Warriors (JAH4WW).
...but the scam is really just coming full circle
"Oh, beautiful friend," begins an email from Nigeria, "I am in need of your help to move the sum of 30,987,544.36 out of my country but, alas, I cannot." This email scam is old as email itself but is a spin on an even older scam, one that involves a man claiming to be a political prisoner during the Spanish-American War. Apparently, he's hidden money away and is desperate to get it before the Spanish find it. Thankfully, through friends, he's found you, a person of considerable trust. Now if you could just send him some money...
Well, the Spanish-prisoner-turned-Nigerian-prince has transformed yet again. This time, he's turned into an American soldier... In Nigeria.
The Opportunity Atlas could be a critical tool for newly-separated military members.
For decades, the American Dream has been something not just sought out by Americans, but imagined by countless people around the world. It represents the chance to seize opportunity and a better life by elevating oneself through the fruits of their own labor. Every generation of Americans has sought to live the life outlined in the Constitution, "to secure the Blessings of Liberty to ourselves and our Posterity."
In less poetic terms, we want to make more money than the generations who came before us. This gives us a better life, along with upward social mobility. But a recent study from researchers at Harvard and Brown Universities, along with the U.S. Census Bureau, questioned if the neighborhood in which we were raised has any effect on our ability to achieve that dream.