Paychecks, bonuses, tax breaks, auto and home loans, investing and retirement planning, understanding insurance. The list of financial questions everyone has is long, but military life can make them seem even more complicated.
Military life can cause many financial headaches, that may or may not be unique from what civilians encounter. We have asked several experts to provide information to you that can help you navigate rough financial waters.
As a member of the military, you can invest in the Thrift Savings Plan as part of your retirement planning. But why stop there? There are many more investment opportunities that can round out your portfolio, minimize your risk, and maximize your wealth.
There are many benefits servicemembers and their families can enjoy. Some are official government-sponsored benefits while others have been created by civilian businesses as a way to thank military personnel for their service.
Learn about Military Tax Deduction, Military Tax-Exempt Allowances, Combat Zone Tax Provisions and First-Time Home Buyer Tax Credit
VA Home Loans are offered for a variety of different people. Some of the types of people that qualify are veterans, active duty personnel, some specific National Guard and reservist service members.
In 1986, Congress established the Thrift Savings Plan (TSP) to provide retirement income. In terms of tax benefits and savings, it is similar to the 401(k) plans offered by private corporations, and the income it generates is dependent upon the amount of money you contribute to the account during your working years.