Life insurance is one of those things we tend to avoid. But as a service member, you’re automatically provided life insurance.
Social Security Disability Insurance is a payroll tax-funded, federal insurance program administered by the Social Security Administration that provides supplemental income to people whose disability prevents them from procuring employment or staying employed.
Mastering your move and finding a good place for your family to live can take a lot of time and energy, so it’s not surprising that something like renters insurance could be overlooked. However, it’s a small cost that can save you big money if something happens to your personal belongings.
Military service members can learn how changes for the coronavirus disease 2019 is affecting military pay, benefits, training and duty.
Guard and reserve members are entitled to benefits and services offered by the Department of Veterans Affairs, just like their active-duty counterparts. The VA can help Guard and reserve members cover the cost of school, secure a home loan or acquire life insurance.
Financial services, as referred to in the law, are defined as life insurance, casualty insurance and other insurance; investments in securities or financial instruments; banking, credit, loans, deferred payment plans, and mortgages.
The Servicemembers Civil Relief Act, or SCRA, provides financial and legal protection for active-duty service members, including National Guard and reserve members, and their families. Because details of the SCRA are complicated, service members and their families are encouraged to contact the nearest legal assistance office if they need help meeting their financial obligations.
Estate planning offers you peace of mind by ensuring that you have your affairs in order for your loved ones in the event of your death and makes sure they are cared for according to your wishes. It can save you and your loved ones time and money.
No one likes to envision the possibility of natural disasters like floods, fires, hurricanes or tornados in their future, nor do they like to think about crimes like theft and vandalism. However, by investing the time now in a little preparation, you can have peace of mind later.
The first step toward owning your own home is meeting with a lender to secure a loan. The Home Loan Program, through the Department of Veterans Affairs, is a substantial benefit you have earned with your military service. These invaluable loans require no down payment, no private mortgage insurance, and negotiable interest rates.
Like a coin, there are two sides of your military paycheck. There’s what goes into your paycheck – basic pay, allowances and special and incentive pays – and there is what comes out. You can see your deductions and allotments listed on your Leave and Earnings Statement, or LES. Here are some of the more common items you’ll see listed on your LES.
The DOD and other agencies are committed to connecting survivors with resources to relieve financial stress and provide assistance with decision-making around the death of a service member. Learn about some of the most important benefits.
MilTax preparation and e-filing software is available mid-January through mid-October. Powered by an industry-leading tax service provider, it’s designed to address situations specific to the military. This easy-to-use, self-paced tax software walks you through a series of questions to help you complete and electronically file your federal return and up to three state tax forms. Calculations are 100% accurate – guaranteed by the software provider.