CLEVELAND, Ohio — There was a bit of irony in Bill Putnam’s first job as a civilian who’d just transitioned out of the military: He was sent back to Iraq to cover the war, the same place where he’d honed his skills as a photographer for the U.S. Army.
“I knew before I got out of the Army that I wanted to specialize in news photojournalism,” Putnam says. “I happened to meet a lot of people along the way who saw my work and told me I had the drive and talent to do it in the civilian world. It was all about reaching out to people and meeting the right people at the right time.”
Among “the right people” that Putnam ran into along the way was Michael Ware, Time magazine’s bureau chief in Baghdad.
“When I was a soldier going home from Iraq I ran into Michael,” Putnam says. “I was getting out of the military, and I told him I was willing to go back to Iraq. He wrote a letter on my behalf and that helped make it happen.”
Putnam explains: “This one was made fairly early in the morning after an all-night raid. The unit, Centurion Company, 2-1 Infantry, had been sent out with an SF team and bunch of Iraqi Army to hunt down a car bomb builder. They didn’t find him. This was early in the unit’s deployment (they were the guys who were extended in 2006 for three months during an early and not so effective ‘surge’ into northwest Baghdad). To me it says a lot, not really about that war, but just war in general, especially war down at the nasty end of the spear. Hunter, the guy pictured, just looks exhausted. War is exactly that – exhausting in every sense – but this is physical exhaustion. The kid waving the gun (it was unloaded) was actually playing with a newly-installed laser pointer.” (Photo: Bill Putnam)
After working in the war zone for nearly a year, he returned to the U.S. and freelanced his way from Washington, DC to Oregon, diversifying his portfolio and expanding his network. Eventually, he was picked up by Zuma Press Agency, and the assignments started coming in at a more regular clip.
To date, his photos have been published in The Washington Post, Boston Globe, Newsweek, Army Times, The Oregonian, Columbia Journalism Review, The New Republic, NPR.org, and digitaljournalist.org. His work also appeared in the Academy Award-nominated documentary “Operation Homecoming: Writing The Wartime Experience.”
He opened a 40-print solo exhibition of his Afghan work titled “Abu in Bermel: Faces of Battle” in February of 2011 at St. Vincent College in Latrobe, Pa. That exhibition moved to Point Park University in Pittsburgh, Pa., in April 2011. His work has also been included in group shows at Glen Echo Photo Works in Glen Echo, Md., and Montgomery College in Rockville, Md. And in August 2013 Putnam opened a 60-image solo exhibition at Healthy Rhythm Gallery in Fairfield, Texas. Life as a civilian photographer was quite different than military life, but his hard work paid off.
“It’s really all about hustle,” he says. “You gotta hustle to make that transition. You have to constantly be on the phone with people, you have to constantly think about new projects and what you want to do next.”
And that sort of proactive stance is what brought him to Cleveland to cover the Republican National Convention for Verify Media, a new agency that specializes in mobile device video. At the same time, Putnam has his classic 4-by-5 film camera, which he uses to capture the atmosphere surrounding the convention for Zuma.
Putnam is an imposing figure — tall and bearded — but he possesses a casual manner and calm demeanor that allow him to blend into the background — a very desirable attribute for a photojournalist. As he takes in the scene along Fourth Street, Cleveland’s famed walk lined with bars and restaurants, he’s barely noticed even though he’s a full head taller than the crush of delegates, pundits, TV personalities, protesters, and regular civilians around him.
Watching Putnam in action it’s obvious that he loves his work. He moves through the crowd with an easy gait, taking everything in, at once in the weeds and mindful of the big picture. But for all of his apparent satisfaction with his career choice, he’s quick to note that getting to where he is was a hard-fought series of rejections and missteps. He points out that — unlike the military — oft times pursuing an unorthodox civilian career is a non-linear proposition.
“When I got back from the war, I was dumbfounded that I had to find all of this on my own,” Putnam says. “I like going out and doing stuff, but to get from Point A to Point B, I had no idea how to do that.”
In the face of that reality, Putnam says, “You just do it and hope you find the right path.”
For more about Putnam’s work, visit his website here.
The Department of Defense has approved the Navy’s request for an extension to hardship duty pay for deployed sailors. Though the Navy requested the extra money for two years, the current funding expires in September, 2017, and does not include new money for Marines.
According to the Navy, an “extended deployment” consists of 221 consecutive days in an “operational environment” (aka: deployment), and the sailor assigned to those areas will earn $16.50 per day, “not to exceed $495 per month.” That amount is not dependent on rank or time in service. (Photo from U.S. Navy)
“The Navy is in high demand and is present where and when it matters,” said Vice Adm. Robert Burke, Chief of Naval Personnel. “Hardship Duty Pay – Tempo is designed to compensate sailors for the important roles they continue to play in keeping our nation safe during extended deployments around the globe.”
A Marine Corps financial office source said the reason the authorization was only approved for a year has more to do with politics than logistics.
During an election year, it is difficult to get additional funding for programs, he said.
“There are going to be budget cuts across the whole of the federal government in order for any progress on the national debt to be made,” the Marine financial office source said. “The next administration’s defense and fiscal policies will ultimately determine the fate of [Hardship Duty Pay- Tempo].”
A Navy spokesman said the service has paid out nearly $16 million over two years to about 24,000 sailors from 1,129 commands or units.
“This is something that the Navy wants for our sailors as we believe it positively affects sailors’ morale,” said Lt. Cmdr. Nathan Christensen, spokesman for the Chief of Naval Personnel. “It’s one small way to help them during long and difficult deployments away from home.”
(Photo from U.S. Navy)
The Marine officer, however, was hopeful that “since it was reauthorized after its first go or ‘trial run,’ I think we can conclude that it was determined to be a success by our legislators in Congress and by the Department of the Navy’s upper echelon decision makers. Thus, I’m optimistic that it will continue in the future.”
Right now the reauthorization only applies to the Navy and does not include the Marine Corps. The same financial officer noted that though the extension of Hardship Duty Pay- Tempo does not apply to Leathernecks, he is hopeful that the Corps will issue its own extension.
The Marine finance officer didn’t believe that the lack of guidance for Hardship Duty Pay for the Corps would be a morale hit.
“If it turns out that Marines are not given HDP-T, I’m sure there will be a small level of frustration at first,” he said. “But Marines have always and will continue to put the needs of their country first, and are honored to do so. I have no doubt that what little frustration does occur will dissipate quickly.”
What are the most important lessons to teach children about money? It’s a good question to consider, particularly because, thanks to a distinct lack of a broad financial literacy curriculum in schools, it falls on parents to be the ones who instill the core concepts of spending, saving, and handling money in general. While there are certainly lessons all parents should be teaching kids about money, we wondered, what do financial planners, accountants, and others who work in the financial industry teach their kids about money? What concepts are essential and how do they distill them down so they can be understood by, say, a seven-year-old? That’s why we asked a broad array of financial professionals, “What lessons do you teach your kids about money?” The varied responses include everything from envelope systems and understanding wants versus needs to the creation fake debit cards and engineering simple lessons about compound interest. All provide inspiration and instruction on how to help kids get a head start on the road to financial success and serve as a reminder that it’s never too early to begin teaching kids about money.
Try the Sticker Chart Reward System
“We use a sticker chart reward system with our young ones, who are in Kindergarten and second grade. You get a sticker for doing homework, practicing, household chores, and the like. After earning 20 stickers each child then gets to pick out a toy, experience, goodies, etc. of their choosing (up to a $ value). This is a foundational value in our household; to instill that effort and hard work is required to earn many of the ‘wants’ in life. And that it takes time.” — Ronsey Chawla, Financial Advisor at Per Sterling Capital Management.
Incorporate Financial Topics into Everyday Life
“This can be as simple as taking my kids to the bank to open a checking/savings account, involving my two kids — I have a 14-year-old son and 11-year-old daughter — in household budgeting conversations during a trip to the store, or planning for a family vacation. It’s important to share lessons and what you learned from your experiences with money management, with the depth of that conversation being up to your individual family. It’s also a good idea to start them saving early. Developing smart saving habits is the first step to becoming money-wise. Encouraging children to contribute a realistic amount to savings, even if it’s just a month, is an easy way to put them on the right track for future financial success.” —Daniel Cahil, SVP, North Dallas Bank Trust Co.
Trust the Lemonade Stand
“With my own kids, who were four and six at the time, we opened lemonade stands, as cliché as it may be. It teaches them literally the fruits of their labor. The help made the lemonade, with real lemons, at every step, until they have the product ready for market. They learn the lessons of “location, location, location,” understanding that where they set up can make a big difference in the traffic they can expect. Setting up on the corner brings some traffic, but not nearly as much as by a nearby field on a hot day where a bunch of kids are at soccer practice.
When they’re done, they bring their profits back home and count it up. This helps them identify and understand what different coins and paper currency mean. They also have piggy banks that are broken up into four different chambers – save, invest, spend and donate. This helps them understand the different utilities of money, immediate gratification, delayed gratification and being a contribution to others.” — Chet Schwartz, RICP, registered representative with Strategies for Wealth, a Financial Advisor with Park Avenue Securities, and a Financial Representative of Guardian Life Insurance
Teach Them to Save — But Also Enjoy the Rewards
“To clarify, this all starts with being responsible, working hard, and earning some dough. But this particular piece of advice is about what I do with that earned money. When I come into some kind of bonus or non-recurring income, I always, without fail, carve off some small-ish amount of that bonus for me, my wife, and my daughter, and we all go out together and buy something fun for ourselves, something that we would not otherwise have bought because we thought it was frivolous or hard to justify. We save the bulk, but the rule is that we have to spend that smaller allocated amount on something fun, and we have to do it together as a family.
This is important to me because one, if you don’t enjoy some part of your money “now,” you may never get the chance, and two, it gets us out, as a family, doing something that breaks the normal rules of saving and spending. I’m all about saving of course, but I’m also about enjoying the rewards of hard work, and that’s what this is really all about. If you don’t treat yourself well, you sure as heck shouldn’t expect anyone else to.” — Dan Stampf, VP, Personal Capital Cash
Use “Skip Counting”
There’s more than one way to count to 100. You can take the long way, starting with the number one. Or you can also count by twos, tens, twenties, even fifties to get there faster. Learning to “skip count” is an important precursor to developing fluency in calculation, number sense, and the basis for multiplication and division — not to mention counting money. Just pour a bunch of coins on the table and put them into piles by coin type (pennies, nickels, dimes, and quarters). Work with your child to “skip count” using different coins and values, reinforcing what they’ve learned. For example, ask them if they notice any patterns (e.g. while counting by 2s, 5s, and 10s). If “skip counting” is still too complex for your kids, continue practicing by changing the number of coins they are counting. That will encourage your children to figure out another total value.” —Jeremy Quittner, Resident Money Expert Editorial Director, Stash
Put Pocket Money to Good Use
“It’s important to teach your children about saving, and the potential benefits. I think a fun way to do this is with their pocket money. Say you give your child for the weekend. Once its spent, it is gone. But I like to introduce the offer that if, for every change they bring back at the end of each week, that change is matched from my money, and saved until it reaches 0, and they can buy themselves something special. For example, if they bring me change, I put aside for them, and this pot grows until it hits 0. The opportunity here is for the children to really think about what they are spending their money on, while also seeing that saving can result in a better purchase that is actually wanted at the end.” — Andrew Roderick, CEO of Credit Repair Companies
Use The Token Economy with Toddlers
“Make money fun. Toddlers can start to experience a ‘token economy’ by pretending to play in grocery stores or banks: games that can actively involve your child in playing and beginning to understand money. It’s also important to recognize that it may be more constructive to create other activities for older kids, by introducing them to easy-to-read financial books, like this one. Explain to them how your family approaches investing, paying for taxes, and seeking financial advice from an advisor” – Dillon Ferguson, CFP, Head of Product, Zoe Financial
Make the Concept of Prioritization Crucial
“We ask our three kids to do certain activities at home that are outside of their normal chores for which we compensate them with small amounts of money. This way they learn that to make money they need to put extra effort and work hard. They also learn that the money they make at home can be spent on a variety of different things, but we teach them about the concept of prioritization, since money is a scarce resource. Most importantly, we teach them that the best investment they can ever make is their own education, since education leads to better job opportunities and better quality of life.
We opened college savings accounts for all three kids via UNest and our older one is already contributing into her own account. We show her how money grows over time and teach about the concept of investing, compound interest and tax-free growth. In addition, we emphasize that lack of savings can lead to the student debt. Money that is borrowed can be very expensive and the need to pay off student loans would create setbacks in life and delay other important decisions like buying a house or starting a family. Putting a small amount aside each month and investing for education teaches our kids discipline and motivates them to think long-term.” — Ksenia Yudina, CEO and Founder of UNest
Teach them About Coins — And the Four Pillars
“I think that six years old is a good age to start teaching kids about money. A great first objective is teaching them about coins. While that might seem simple, it is not as easy a subject as you might think. Take a step back and think this through: Why is the big nickel worth less than the small dime? I think it’s fun to play games with kids once they understand the value of each coin by having them make different combinations to get to one dollar. 10 dimes. 20 nickels. Four quarters. One-hundred pennies. Fifty pennies and two quarters.
Start with teaching them one of the four pillars of financial literacy: save, spend/budget, invest and charity. For younger children, savings is the easiest as you can simply use a clear jar where they can put loose coins and see them build up. Remember to keep lessons age-appropriate and that developing money-smarts is not an exercise in trying to create the next Warren Buffet. It is about making them feel comfortable talking about money, understanding basic money vocabulary, and eventually starting good habits that will last a lifetime. You want to avoid the firehose method of teaching where you pile on too much information too soon. Rather consider using the drip-drip-drip method that starting them at a young age gives you plenty of time for them to build a great foundation.” — Thomas J. Henske, Partner, Lenox Advisors
Be Open About Your Financial Goals
“When my kids were younger, my wife and I agreed on an aggressive goal to pay off our house in a set number of years. When that goal was reached, we agreed to take the family on a trip to Disney World. We bought a Mickey Mouse puzzle, assembled it, and disassembled it in a way that for each id=”listicle-2646259052″,000 we reduced principal on the loan, we put so many pieces of the puzzle together. It created a visual representation of our progress. We explained our goal to the kids in terms they could understand so they saw the progress and the reward at the end after several years of work. While the kids now understand the financial side of the goal, it is the visual representation of the puzzle they recall most.” — Phil Kernen, CFA | Portfolio Manager, Mitchell Capital
Teach Them About Compound Interest
“As a financial planner and fastidious investor, my kids are being taught about compound interest at a young age. When my five-year-old daughter receives birthday money from our relatives, I show her how putting 25 percent of her money away can give her many more Barbies and dolls in the future. Would you rather buy one Barbie today, or be able to buy five Barbies later, I ask? Even a child can understand that by deferring some instant gratification today, they can enjoy greater luxuries later.” — Thanasi Panagiotakopoulos, Financial Planner, Life Managed
Never Say ‘There is No Money’
“Say instead, money is valuable and needs to be used wisely. Or money is not to be wasted. The reason is that children should not grow up with a limitation mindset but an abundance mindset while learning to be careful with money. Saying ‘there’s is no money,’ tells the child that when they get money in their hands, they can throw it away, and that’s not a good thing.” — Kokab Rahman, author of Author of Accounting for Beginners
Don’t Forget the Power of Delayed Gratification
“My children are 2 and 4 years old currently, and while it’s definitely too early to teach any significant money lessons to the two-year-old (aside from showing him how to put coins in a piggy bank), the four-year-old is another story. I recently tried this simple method of teaching savings and it worked well. Each night, I gave her a quarter for straightening up her toys before bed. She could choose to use a quarter to get a treat from the candy dish, but if she saved five of her quarters, we could do something special that weekend (go to the zoo, a favorite restaurant, etc.). Delayed gratification is such a valuable skill to learn at a young age, and I plan to use more complex ways to incentivize saving as she gets older.” — Matt Frankel, CFP, The Ascent
Turn Financial Mistakes into Teachable Moments
“We don’t pay our kids for daily chores like making their bed, feeding the dogs, or picking up after themselves. But I do pay them for mowing the yard (my 10-year-old) or helping cut firewood (all my children), things that are above and beyond their normal family contributions that they worked hard to attain. It’s also important to let them make mistakes. Recently my 10-year-old wanted to purchase a new movie release for .99, so I let him. The next day he wanted to buy a video game. I said sure pay me and he could buy it. He then realized he spent all his money on the movie. That’s the time to have a good conversation around it. Was it worth it? What could you do differently?” — Joel Hodges, CPA, Intuit, Tax Content Group Manager
Explain The Difference Between Needs and Wants
One of the most important money lessons I’m already teaching my young children is the difference between needs and wants. If she holds up something at a store — say, something from the candy aisle — I’ll ask ‘Do you need that, or do you want that?’ It took a few tries, but she got the hang of it. It can be helpful to set a firm cap on the ‘wants,’ such as one per week, while showing that we always take care of our needs.”— Matt Frankel, CFP, The Ascent
Introduce the idea of Money Early and Often
“At home, we value speaking openly about our financial lives and the value of saving such that our kids learn by example. A great way we teach our 4-year old about money is to have them understand the value of a purchase. The other day my son wanted us to buy him a new game for his iPad. To ‘convince us,’ we had him walk through the value in relation to the actually cost of the game. It’s never too early for your children to understand the cost of things. “- Andres Garcia-Amaya, Founder, Zoe Financial
Enlist the Envelope System
“Kids are never too young to learn how to handle money, one fun way for them to learn about money is to have them separate their allowances on what they want to spend. They can do this by having small envelopes and placing a certain amount from their allowances. This helps them learn about budgeting and the value of money when that certain envelope reaches the goal amount. Children are also allowed to have bank accounts, so it is good for them to have their accounts so that they can start learning to save early. — Leonard Ang, CMO, iProperty Management
Try The “Bank of Dad” Approach
“By the time my daughter started elementary school, she had a few chores each week for which she got a small allowance and she might get the odd bill in an Easter card from her grandparents. Instead of a piggy bank, we went forward looking and with the ubiquity of debit cards, I created ‘The Bank of Dad.’ Using an old hotel key card I made a make-believe Bank of Dad debit card and she opened an ‘account.’
At 12 years old and a long-time Bank of Dad customer, she was definitely ready for a real account. With our bank, the account was connected to a parent’s account so we had visibility into everything. At the start, we sat down and introduced the basics of a budget. We talked about understanding how much she “made,” how everyone needed savings for an emergency/rainy day, and how to also save for something “big” like those fancy new embroidered and bedazzled jeans she just had to have.
Now at 24 years old, my daughter came to me and asked if I could help her fix a spreadsheet she made because she wanted to try and pay off her student loans early, but couldn’t make the formulas work. If there’s anything that makes an accountant parent happier than hearing ‘Hey dad, will you check my spreadsheet?’ Turns out she was very close, but having her do the work and walk me through it, made fixing her error make sense to her and empowered her. — Gregg Gamble, Intuit, Lacerte Tax Content Development Manager
You may have seen them standing outside convenience stores, those guys dressed in camo that vaguely resembles a uniform. They have signs saying claiming they are charities that help veterans. Are they legit?
Well, not all of them are.
The Federal Trade Commission, along with law enforcement officials and regulators from offices in every state, DC, American Samoa, Guam and Puerto Rico, announced more than 100 actions and a consumer education initiative in “Operation Donate with Honor”.
The action was a crackdown on fraudulent charities that con consumers by falsely promising their donations will help veterans and service members.
“Americans are grateful for the sacrifices made by those who serve in the U.S. armed forces,” said FTC Chairman Joe Simons. “Sadly, some con artists prey on that gratitude, using lies and deception to line their own pockets. In the process, they harm not only well-meaning donors, but also the many legitimate charities that actually do great work on behalf of veterans and service members.”
Two charities face federal charges
(Flickr photo by Keith Cooper)
Help the Vets
Neil G. “Paul” Paulson, Sr. and Help the Vets, Inc., (HTV) will be banned from soliciting charitable contributions under settlements with the FTC and the states of Florida, California, Maryland, Minnesota, Ohio and Oregon, for falsely promising donors their contributions would help wounded and disabled veterans.
The defendants were charged with violating federal and state laws related to their actions. According to the FTC’s complaint, HTV did not help disabled veterans, and 95 percent of every donation was spent on fundraising, administrative expenses, and Paulson’s salary and benefits.
Operating under names such as American Disabled Veterans Foundation, Military Families of America, Veterans Emergency Blood Bank, Vets Fighting Breast Cancer, and Veterans Fighting Breast Cancer, HTV falsely claimed to fund medical care, a suicide prevention program, retreats for veterans recuperating from stress, and veterans fighting breast cancer.
In addition to the ban on soliciting charitable contributions, the proposed settlement order bans Paulson from charity management and oversight of charitable assets. To ensure that donors to HTV are not victimized again, HTV and Paulson must destroy all donor lists and notify their fundraisers to do so.
The order imposes a judgment of .4 million, which represents consumers’ donations from 2014 through 2017, when HTV stopped operating. The judgment will be partially suspended when the defendants have paid a charitable contribution to one or more legitimate veterans charities recommended by the states and approved by the court. Paulson must pay id=”listicle-2591219370″.75 million – more than double what he was paid by HTV – and HTV must pay all of its remaining funds, ,000.
(Photo by Steven L. Shepard)
Veterans of America
The FTC charged Travis Deloy Peterson with using fake veterans’ charities and illegal robocalls to get people to donate cars, boats and other things of value, which he then sold for his own benefit.
The scheme used various names, including Veterans of America, Vehicles for Veterans LLC, Saving Our Soldiers, Donate Your Car, Donate That Car LLC, Act of Valor, and Medal of Honor. Peterson allegedly made millions of robocalls asking people to donate automobiles, watercraft, real estate, and timeshares, falsely claiming that donations would go to veterans charities and were tax deductible.
In fact, none of the names used in the robocalls is a real charity with tax exempt status. Peterson is charged with violating the FTC Act and the FTC’s Telemarketing Sales Rule.
At the FTC’s request, a federal court issued a temporary restraining order prohibiting Peterson from making unlawful robocalls or engaging in misrepresentations about charitable donations while the FTC’s enforcement action is proceeding.
State enforcement actions
States also identified and charged several charities and fundraisers who sought donations online and via telemarketing, direct mail, door-to-door contacts, and at retail stores. These groups falsely promised to help homeless and disabled veterans, to provide veterans with employment counseling, mental health counseling or other assistance, and to send care packages to deployed service members.
Some actions charged veterans charities with using deceptive prize promotion solicitations. Others targeted non-charities that falsely claimed that donations would be tax deductible. Some cases focused on veterans charities engaged in flagrant self-dealing to benefit individuals running the charity, and some alleged that fundraisers made misrepresentations on behalf of veterans charities or stole money solicited for a veterans charity.
Nationwide education campaign
As a result of these actions, the FTC and its state partners are launching an education campaign to help consumers avoid charity scams and donate wisely.
The FTC has new educational materials, including a video on how to research charities, and two new infographics. Donors and business owners can find information to help them donate wisely and make their donations count at FTC.gov/Charity.
This article originally appeared on Military.com. Follow @militarydotcom on Twitter.
The residents alleged they were being intimidated into not fighting the overages, and sources told WATM Navy investigators were looking into the issue.
But according to a Feb. 14 statement from Naval Criminal Investigative Service spokesman Ed Buice, Navy officials closed the inquiry into accusations of over billing “after it became evident the allegations being made were unfounded.”
“No criminal misconduct was discovered,” Buice added in the email statement to WATM.
Buice did not reply to a request for additional comment.
Residents of the San Onofre II neighborhood at Camp Pendleton say they were within the margins for monthly electricity use that would preclude an overage charge.
Military families there pay a lump sum rent that includes a certain amount of energy usage. When they consume less electricity than the allotted amount, they are refunded; when they go over, they receive bills, officials say.
Several residents told WATM that they had seen sudden sharp increases in their electric bills and were threatened with eviction if they didn’t pay up. Many claimed they were rebuffed when they approached base housing officials about the alleged billing problems.
Marine Corps Installations West spokeswoman 1st Lt. Abigail Peterson told WATM in a Feb. 16 email that “all of the official complaints received regarding this situation were addressed and resolved,” adding that Lincoln Military Housing had “implemented a new process to monitor requests to ensure all concerns are addressed in a timely manner.”
“We take feedback very seriously and want to ensure responsible measures are followed to alleviate any issues for our Marines, sailors and their families living here on base,” Peterson said.
Military family advocate Kristine Schellhaas — who originally brought the billing allegations to light — wasn’t satisfied Pendleton’s response, arguing base residents aren’t simply misreading their bills.
“There are systematic flaws with how this program has been implemented,” Schellhaas told WATM. “The facts are that this program needs to get audited.”
These are the guys who have lived the American dream. Five former enlisted warriors from various services who raised their right hand when it was time to serve, then got out and hustled to earn what they knew could be theirs.
Mr. Edson’s service began during the Korean War when he enlisted in the Army, where he spent three years in the signal corps.
Once out, Edson began selling his own racing boats from a parking lot in Seattle, Washington. He eventually bought the rights to Bayliner Marine for a reported $100.00 and developed the company. Edson sold it to Brunswick for $425 million.
He joined the billionaire’s club through sound investing and now reportedly spends his days flying helicopters and cruising yachts.
When Abraham finished his service with the infantry in 1947 Europe, he returned stateside where he bought the Thompson Medical Company. At the time, the company had revenue of $5,000.00 annually. Today, the company is still around and is doing quite well.
He joined the billionaire’s club through his interest in the weight-loss industry, which led to his development of Slim-Fast Foods. You may have heard of it.
Mr. Murdock dropped out of school in the 9th grade and was drafted into the Army during WWII. Once out, Murdock moved to Detroit and was homeless for a time, but he managed to get a $1,200 loan to buy a failing diner.
He flipped it for a small profit that he used to move to Arizona. There, Murdock began a career in real estate, acquiring many businesses, including the pineapple and banana producer Dole Food Company, which he developed into the giant it is today.
Murdock joined the billionaire’s club by selling his 98-percent share of the sixth largest Island of Hawaii. He believes in health and has vocal plans to live to see his 125th birthday.
Military Saves Week kicked off at U.S. military installations worldwide on Monday.
Every year, America Saves, a non-profit foundation designed to help Americans make smarter financial choices, hosts Military Saves Week, a military oriented campaign observed aboard military installations and sponsored by various financial institutions and other organizations.
Military Saves Week focuses on helping to educate military service members and their families on healthy saving and spending habits as well as assessing their own savings status, reducing their debt, and increasing their wealth.
Military Saves Week offers events and classes across all branches of service at over 100 installations worldwide during the week. Some of the events include luncheons, workshops, youth focused savings discussions, and prizes.
SCHOFIELD BARRACKS — Military Saves Week runs from Feb. 27 to March 3. The Financial Readiness Program is offering financial counseling, classes, and other events to help service members and their families manage their money. (U.S. Army photo by Kristen Wong)
Most of the events will focus on benefits and how best to use them, with nearly every installation hosting at least one event focused on the new Blended Retirement System.
Military Saves Week works alongside the Department of Defense’s Financial Readiness Campaign.
General Dunford wrote in a memo for the chiefs of the military services on Oct. 7, 2015, in preparation for last year’s Military Saves Week:
“Military Saves Week is an opportunity for our military community to come together with federal, state, and local resources, to focus on the financial readiness of military members and their families and help them reduce debt and save their hard-earned money.”
Dunford went on to write, “We are asking our military members to commit to feasible financial goals.”
Participants in Military Saves Week are asked to sign a pledge that reads “I will help myself by saving money, reducing debt, and building wealth over time. I will help my family and my country by encouraging other Americans to Build Wealth, Not Debt.” The pledge goes on to help the participant set goals for savings, with the option to receive text message updates for savings tips and financial advice.
Spc. Yemima Tarber extended her commitment to the Army during a reenlistment ceremony that was presided over by her mother, Capt. Lisa Campbell at Fort Lee, Va. A new survey by military advocacy group Blue Star Families says most service members with multiple deployments wouldn’t want their kids to go through the same hardship. (Photo by Sgt. 1st Class John Brown)
A new report from military family support organization Blue Star Families shows more than half of service members would not recommend military service to their own children. Additionally, slightly less than half of the respondents would not recommend it to other young adults who aren’t related to them.
Blue Star Families has compiled the so called “Annual Military Family Lifestyle Survey” reports since 2009, which are widely used by government officials from the White House, Congress, the Department of Defense, and state and local officials to help understand the unique needs and challenges of military families. Data collected from the annual survey often impacts legislation.
This year’s survey respondents consisted of a mixture of 8,390 active duty personnel, military veterans, and military and veteran spouses — a 130 percent increase over last year’s survey.
Of those surveyed, enlisted service members who had been deployed more than three times were the least likely to recommend military service to their own children.
Among officers, those with less than two deployments and an employed spouse were more likely to recommend military service to young people who are not their children, but only if benefits they’d been promised when they commissioned were still in place — and generally only to those who might become officers.
Less than 20 percent of respondents said they would recommend service to anyone if the current trend of cutting benefits continued.
This could be bad news for those who consider military service to be a “family business.”
“The past year has seen new and emerging security threats in numerous regions while Department of Defense budget cuts and personnel downsizing continues,” Blue Star Families said in their summary of this year’s findings. “The resulting operational tempo is very concerning to service members and their families.”
According to the report, almost 60 percent of veterans had at least one parent who served in the military before them, but only 45 percent of currently serving military members had a parent who served prior.
The 2015 report noted that 80 percent of veteran respondents would be “happy” if their children joined the military. While that specific detail about happiness isn’t reported in this year’s survey, when compared to this year’s 67 percent who would not recommend service to their children, it does appear to show a downward pattern of service members who want their children to follow in their footsteps.
“Extended family separations, frequent moves, and outdated expectations that military spouses sublimate their personal, professional, and familial priorities to support their service member’s military service are the most prevalent topics identified as substantially reducing the quality of life and attractiveness of martial service,” Blue Star Families said. “Military families understand that serving may mean making sacrifices in support of service; however, DoD must also examine the military necessity of the burdens it asks military families to bear.”
The survey isn’t all bad news for the family business of military service. Military spouses who are able to maintain a career were 36 percent more likely to recommend it, and a whopping 76 percent of all spouses surveyed who felt that the military had a positive or neutral career impact were likely to recommend service.
There were two surprising findings elsewhere in the report: almost 80 percent of respondents were satisfied with the military lifestyle, and over 80 percent were satisfied with Tricare Standard.
You can view the Executive Summary on Blue Star Family’s website.
“This year’s survey results show a military community at a point of inflection. It shows the country needs to get smarter about what a healthy All-Volunteer Force really looks like—and what it needs it to look like to ensure future success,” Blue Star Families argued. “The All-Volunteer Force was not designed for our current security environment of protracted low-level conflict, nor was it designed for the modern service member—who is better educated, married with children, and living in an increasingly diverse and inclusive society.”
There are a lot of choice for veterans to leverage their time in the military to get great financial services at a competitive cost. The fact that so many businesses and bank are geared towards veterans is a blessing but one institution stands out among the rest – and has for nearly a century.
The financial institution was founded in 1922 after a group of Army veterans took it upon themselves to secure their own need for auto insurance. In doing so, they provided for their fellow veterans. The USAA of today carries that tradition on, with 12.4 million members and offering auto insurance, along with insurance for homeowners and renters, retirement planning, and, of course, banking services. When other banks were teetering on the edge of failure during the financial crisis, USAA actually grew. This is an institution that is as solid as a dollar.
USAA’s original purpose is still one of its best offerings – and one of the best offerings. Even in competition with the civilian world’s best insurers, going with USAA can save its membership at least 0 on their premiums, even for high risk drivers who may have a DUI or more on their records. JD Power even gave USAA a 5/5 rating on their customer service and satisfaction records.
They also offer a car buying service that can sometimes save their members money in buying any kind of vehicle.
Everyone knows too much credit debt is not a good thing, but having a card open with a low balance enlarges your purchasing power and is actually good for your credit report. Still, it’s important to be responsible with your credit. That being said, that kind of responsibility includes deciding which card is right for you. USAA offers a few credit cards designed to fit the lives of military members, veterans, and their families. The USAA Rewards American Express Card and Reward Visa offers the best cashback bonuses a military member can find. USAA’s credit cards also offer some of the lowest interest rates and APRs found anywhere.
Easy banking services
Any bank or financial institution who says they offer the best interest rates on savings accounts may have a bridge to sell you. Most savings accounts can offer two percent at the most. While USAA doesn’t offer quite that much, its banking services are stellar. Since they have few physical locations or ATMs, the bank offers reimbursements on ATM fees and no monthly service fees. On top of that, there’s no minimum balance and their rates are still competitive. They also offer free funds transfers between accounts.
If you’re planning for retirement and want a low-risk security, you could hardly do better than some of USAA’s mutual fund offerings. USAA manages its own mutual funds and, in the face of the 2008 financial crisis, the USAA Income Fund (USAIX) posted a 19 percent return while much of the rest of the market struggled to break even or even minimize their expected losses. The reason? While USAIX invests heavily in corporate debt, the fund’s mantra is still about minimizing risk.
TV doctor pose!
Other services and support
There are a couple of life insurance options, including one for military members only if SGLI isn’t enough. On top of that, they can get great rates for health, dental, and vision insurance as well as umbrella insurance for protection against things not covered by other kinds of insurance, like legal judgements. For per month you can be protected from lawsuits up to id=”listicle-2640236181″ million. But this veteran-oriented financial institution does so much more
USAA sponsors amazing veteran-oriented events and organizations – like the Military Influencer Conference, a three-day conference of service members, veterans, and spouses who work to elevate the military veteran community. The 2019 Military Influencer Conference is sponsored by USAA and brings together the brightest stars in the military-veteran entrepreneurial community to learn and share their business-building knowledge.
If you sit down at your computer and search for, “Help with PCS,” you will find dozens of articles telling you what to do. Heck, the military even hands your spouse a list that says, “DO THIS.”
This is not one of those lists.
Instead, this is a list to help you de-crazy your brain in those weeks leading up to the Big Move. This is a list that reminds you that everything that needs to get done will, in fact, get done.
And, if it doesn’t? It probably wasn’t that important to begin with.
1. Do Not expect to de-clutter, organize and label every aspect of your life before the movers come.
We have big plans to separate and label all of the junk we aren’t willing to part with this time around, and we may even purchase the storage bins as a proactive move. But, let’s face it. Moving day comes at lightning speed, and you end up lugging all those loose pictures you planned to consolidate into albums. Try again next PCS.
2. Do Not become too attached to those expected dates for your Household Goods to arrive.
Riiight, 5-10 business days? Try two weeks, or a month. Or, half of it within three days, and the other half in six months after they locate it. The point is, bring enough clothes, enough toys and at least one pot for making macaroni and cheese with you to the new duty station, and you’ll survive until the movers get here. … Whenever that is.
3. Do Not bother doing all your laundry before they pack up the house.
If you plan on driving to the next duty station, toss the laundry basket of dirty clothes in your car and finish it while you sit in temporary lodging. Trust me, you’ll need something to do while you’re waiting for your spouse to out-or in-process. Candy Crush gets boring after a while.
4. Do Not plan too many activities the week of moving day.
You will be stressed out, you will be overloaded, and you will already be racking your brain to think of the million and one things you’re probably already forgetting. Plan your last Girl’s Night Out, or your kiddos last play dates the week before, and reserve those final days for the last-minute-details that always seem to pop up.
5. Do Not assume the movers will know not to pack certain things.
Even obvious things like trash, car keys and cat litter boxes. And, if they don’t have a problem packing cat feces, they’re for sure going to assume your child’s favorite stuffed animal that they tossed on the floor — the one that they have to sleep with or the world falls apart — is fair game. So, if you don’t want them to pack it, my best suggestion would be to take open a safety deposit box at the bank and keep all of the stuff you want to take with you in it. I assume that will prevent them from finding it, but no guarantees.
6. Do Not get hung up on what the movers put in which boxes.
As long as it all generally goes in the same room—or floor—of the house, just call it good. You’ll run yourself ragged trying to micromanage an entire house move, and annoy the movers at the same time. Remember, happy movers mean the potential for less damaged items.
7. Do Not sweat the small stuff.
That first PCS will make you crazy as you balance trying to clean out base housing to the housing office’s satisfaction and feeling helpless watching as the packers touch every single item of your personal effects and pack it away for who-knows how long.
A PCS only comes around … well, to be honest, they come around pretty often, which is why a “don’t” list is something we all need. Do Not fret; you learn something from each move, and by the time you make your final one, you’ll be a pro.
When the opening bell at the New York Stock Exchange rang out on Monday, July 23, 2018, it was Chris Isola, head of Veterans Affairs at UBS, ringing the bell. You may not know who Chris is, but you will be interested in what he’s bringing to the New York Stock Exchange: Veterans – and in a big way.
Isola represent UBS, an investment bank like many others on Wall Street, providing financial advice and other products to wealthy institutions, individuals, and corporate clients all over the world. The bank has indexed the price movements of certain companies’ stock — companies with policies, practices, and outcomes that support the employment of American veterans.
From that index, you can now buy into an Exchange Traded Fund that supports the best companies that meet UBS’ liquidity and stability standards while being the best example of military veteran employers. It’s all based on Viqtory’s Military Friendly employer rating.
In a world where both Main Street and Wall Street are increasingly removed from the wars and conflicts currently fought by the military, the economic powerhouse that drives America is working to create jobs and opportunities for the men and women who make the world’s largest economy possible: U.S. military veterans.
“We believe this is an innovative way for investors to express their support for the veteran community,” said Richard Cea, Executive Director of Exchange Traded Products at UBS. “This ETF provides investors with exposure to companies that recognize the value of our nation’s veterans to the workforce.”
ETFs are financial products that trade like common stock, complete with a ticker symbol, but is essentially a pool of different stocks owned by the fund. Investing in an ETF means you’re buying shares of the pool of companies owned by the fund. The overall value of the pool is divided into shares.
In this case, the ticker symbol HONR represents the InsightShares Patriotic Employer ETF and the fund owns stocks in businesses that value veteran employees, based on Viqtory’s Military Friendly employer reviews. The HONR fund also actively donates portions of its profits to veteran-related charities. Some of the stocks held by HONR include:
JPMorgan Chase Co.
General Mills, Inc.
So when you buy into the HONR fund, you’re buying into a fund that supports only corporations who proved their mettle in hiring America’s veterans, are genuinely good business investments, and will routinely give back to military-veteran oriented charities and nonprofits.
It’s a small way of giving a buck to veterans while doing something good for your retirement portfolio.
Every one who’s ever work the uniform loves that military discount. No matter how hard you try to deny it or blow off a small discount, that extra ten percent ain’t bad. In California, that’s like not paying sales tax. While we all love them and appreciate them when it happens, many of us don’t really go looking for them. Let’s be real: shopping purely for military discounts can be a lot of work. Now you can find everything you’ll ever need discounted in one place.
And what’s more, your shopping spree will go toward helping your fellow veterans.
Then you can keep your savings in one place.
GovX has access to the products and brands everyone loves, not just veterans. From outdoor gear by The North Face to Ray-Ban accessories, this site covers most anything you can think of wanting or needing for work or play. Like the A-10 being a tough plane designed around a giant gun, GovX is a retailer designed around providing amazing discounts to military, veterans, and first responders.
The site is like the exclusive Costco for the military-veteran and uniformed community. A membership with GovX provides access to discounts on brands like 5.11 Tactical, Propper, Vortex Optical, Under Armour, and – amazingly – Yeti.
If you’re unfamiliar with this miracle brand, I suggest you head to the Google posthaste.
But wait. That’s not what really makes GovX stand out. The real power of this site is that every month, the company selects a new nonprofit organization who does work related to first responders, military members, veterans, and their families and donates a portion of its revenues to the chosen groups. This is what GovX calls “Mission: Giveback.”
Previous Mission: Giveback recipients include the Iraq and Afghanistan Veterans of America, Firefighter Aid, National Law Enforcement Officers Memorial, the Semper Fi Fund, Team Rubicon, The Pat Tillman Foundation, and the Green Beret Foundation.
In 2019, GovX is supporting the Military Influencer Conference, a three-day event that brings together entrepreneurs and veterans from all walks of life to share knowledge, build one another up, and help mentor each other through the rigors of starting their own businesses. Learn more about it by visiting the website and look for a Military Influencer Conference near you.
Now feel free to splurge on those yoga shorts you were iffy about buying – and feel good about doing something for your brothers and sisters in arms.
The National Defense Authorization Act (NDAA) is an annual piece of legislation which gives authority and funding to the United States Military. While it is a detailed body of work that doesn’t make for light reading, it should be read. This legislation is filled with items that impact the military family directly.
It addresses military pay
The 2020 NDAA provided a 3.1% pay raise to military service members. This pay raise was the biggest one to be received in the last decade and was reflected in the first paycheck received by service members of 2020. The bill also extended specific bonuses and special pay. One of the big take-aways of this bill is the focus on supporting not just the member, but the military family as a whole.
Military spouse education and employment
Within the bill there are increases in support of professional licensure for spouses. With the new 2020 bill, spouses are currently eligible for up to 00 in reimbursement for licensure costs accumulated when moving. This is twice the amount that was authorized in last year’s bill. It also addresses license portability by giving authorization to the Council on State Governments to research ways to create reciprocity across state lines.
The bill also extended opportunities for spouses for education. The My Career Advancement Account program is an example of this, as it is a valuable resource for military spouses. It offers up to 00 in assistance for licensure, certification, or an associate’s degree in a field that is portable. The eligibility for this is limited to E-1 through E5, W-1 through W-2, and O-1 spouses. The initial pilot program had it available to all spouses but rising costs and enrollment forces restrictions in who can utilize this benefit. In this bill language, Coast Guard spouses were also included even though they fall under the Department of Homeland Security.
Military housing reforms
One of the key elements of this bill is that it addresses the issues within military privatized housing. The bill created new accountability for these companies by enforcing quality assurance measures. It also increased the number of required inspections. This bill provides an additional 1.8 million dollars to make sure that each housing office has the vital personnel it needs to ensure military families are taken care of.
One of the tools that will be utilized going forward is a way to assess and evaluate for risks within military housing. This includes things like mold and lead. It also allows for the BAH to be withheld from the private housing entity until issues or disputes are solved. Another key piece is that it forces transparency by requiring these entities to disclose repairs or issues prior to lease signing. There will also now be a required Tenant Bill of Rights and minimal livable standards established.
Military family needs
The NDAA also authorized million for the STARE BASE program, which is a DOD youth program. It is an American military educational program for grades K-12 that teaches science and math in hands on ways. It was created to tackle the low rates of readiness in these subjects by implementing a program that makes math and science fun and interactive. To learn more about this program and to see if it’s located in your area, click here.
One of the chief concerns outlined in the 2018 Blue Star Families survey was that 72% of military families cannot find reliable childcare. An amendment was included in the NDAA for 2020 that creates more coordinator positions on bases to assist with childcare and extends childcare hours for families.
Another key piece to this legislation is that it created the ability of military service members to sue under administrative claims for medical malpractice by a military provider. Although there was existing legislation for under the Federal Tor Claims Act, the United States itself was immune. After countless hearings within congress over a decade, this amendment passed within the NDAA. If a service member sustains injury or death they can file a claim and receive up to 0,000 as long as they file it within two years.
Surviving spouses receive relief
Finally, one of the biggest parts of the 2020 NDAA is the elimination of what is known as the “widows’ tax” in phases. For multiple decades surviving families have not received their full benefits as they deserve, even though they paid into the benefit programs. This is a piece of legislation that has been debated and fought over for almost twenty years. Finally, change is coming and it will be finalized by 2023.
If you’d like to look through the 2020 NDAA, you can find it here. Fair warning, it is 1119 pages long. However, a pro tip is to utilize the search ability within the document to enter terms that you want to specifically read about. This will bring you exactly where you need to go. Happy reading!