As an active-duty service member, you receive many benefits and entitlements like free access to Military OneSource services and support. One of the primary benefits to working in the military is a steady paycheck and tax-free allowances.
Overseas or OCONUS permanent change of station orders can be exciting, especially if you’ve never been outside of the continental United States. The military can help you with the added costs of an international move and living expenses abroad.
The Department of Defense’s Military In Lasting Tribute memorial honors and remembers service members who died while serving honorably on active duty from 1985 to the present. It is the only DOD memorial to include peacetime deaths.
The military is an honorable way for patriotic men and women to both serve their country and pursue a career. When it comes to education and career benefits, the military takes care of service members during, and after, their service. Of course, the military itself can be a rewarding career choice. But if they decide to move on, service members can access many tools, resources and benefits to successfully transition into civilian careers.
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.
We’ve got some tips on how you can make the most of your basic pay — from the most important parts of your actual pay stub to picking the right bank account, to even getting a “raise” by increasing your Thrift Savings Plan contributions.
You can get a solid estimate in less than five minutes using free retirement pension calculators for both the High-36 and Final Pay legacy retirement systems offered by the Department of Defense. Here’s how to use them – and what you can do to adjust the outcomes to fund your future retirement lifestyle.
The Uniformed Services Former Spouse Protection Act is a federal law that provides certain benefits to former spouses of military members.
The military recently adopted a new retirement plan called the Blended Retirement System which extends benefits to a lot more service members than the old plan. The good news: the BRS can put your service member on the path to long-term financial security. And, the more a service member contributes to their own retirement, the more the Department of Defense matches it.
Your monthly Leave and Earnings Statement, or LES, is one of the most important financial documents you have for mastering your money and achieving your financial goals. Here’s how to decipher the code.
As a service member, you’ve earned financial benefits to help protect your future.
The stripes and bars on a military uniform signify rank. If you’re new to the military, you know enough to understand that rank matters.
Service members and families have access to resources to save money, manage expenses and protect your finances. Learn about military pay, benefits and more.
You’re learning a lot of new skills in the military, and money management is an important one. As a service member, you may earn more, get special duty pay or have new expenses. Remember: It’s your money, so make the most of it by creating a spending plan. Staying on top of your finances is important for your security clearance, your career and your future.
You can take control of your financial future today. Start small with a few simple changes to save more, spend less, and better manage your day-to-day finances.
Take control of your finances by gaining a better understanding of your debt and how to work toward paying off what you owe. Create a plan now and commit to your financial freedom.
In the military, you learn to prepare for the future by using the tools at your disposal. Saving money is one important aspect of this. The more money you save, the more prepared you will be for opportunities or unexpected events that come your way. Read about several savings tools to help you get the most out of your military pay.
Saving money takes time, discipline and commitment, which is nothing new to military families. These seven steps will help you on your journey to financial security.
Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? You can learn how to take more control of your personal finances. Military OneSource has assembled 11 calculators to show you ways to pay off debt and help you better manage life’s financial decisions.
Deployment can impact a household budget. Your pay could change, or you could incur some unexpected expenses. With the right information and a little extra effort, you can stay fiscally fit during deployment and stay in command of your household budget. Follow these tips to achieve financial stability and health even while you’re gone.