https://www.military.com/rss-feeds/content?channel=money&type=evergreen%2Cnews Money en-us Mon, 03 Jul 2023 03:00:14 GMT customersupport@miltary.com https://www.military.com/money/personal-finance/military-approach-managing-your-money.html Lessons learned in the military can translate into ideas to better manage your money. Taking a few liberties, here are five pearls of wisdom that may help. Fri, 30 Jun 2023 19:02:55 GMT Military.com uuid:411231 https://www.military.com/money/personal-finance/how-start-saving-money-even-if-you-think-you-cant-afford-it.html Just follow these steps -- one at a time, please! -- and you’ll discover that the money-saving journey isn’t so bad, even if you are on a tight budget. Wed, 28 Jun 2023 20:04:11 GMT The Penny Hoarder Carson Kohler uuid:411081 https://www.military.com/money/personal-finance/military-says-you-owe-money-heres-what-do.html What do you do when the Defense Finance and Accounting Service decides that you owe it money -- but you aren't even in the military anymore? Tue, 27 Jun 2023 19:43:43 GMT Military.com Kate Horrell, AFC® uuid:410981 https://www.military.com/money/personal-finance/5-rules-fight-apocalyptically-dangerous-debt.html Here are five rules to live by, whether you find yourself in an unlikely post-apocalyptic scenario or just trying to cope with debt in today's crazy environment. Tue, 27 Jun 2023 18:47:20 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:410961 https://www.military.com/money/personal-finance/because-of-irs-change-sbp-beneficiaries-need-check-their-tax-withholding.html A major IRS update became effective for 2023, and as a result, annuitants are reporting that their Survivor Benefit Plan payments are having taxes withheld at a higher rate than in 2022. Fri, 23 Jun 2023 19:09:34 GMT Military.com Kate Horrell, AFC® uuid:410666 https://www.military.com/money/personal-finance/5-reasons-conquer-your-fear-and-start-investing-systematically.html Investing can be a scary proposition, but it doesn't have to be that way. A simple solution to eliminate fear from the equation is to invest systematically. Fri, 23 Jun 2023 16:25:15 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:410636 https://www.military.com/money/personal-finance/6-ideas-cleaning-your-finances.html With all that's happened in the world over the past couple of years, it's a good time to focus your energy on cleaning up your finances. Tue, 13 Jun 2023 18:29:32 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:409751 https://www.military.com/money/personal-finance/staging-your-home-sale-budget.html Spending money to stage a home you're selling may seem counterintuitive, but the saying "You have to spend money to make money" is pertinent in real estate. Tue, 30 May 2023 14:11:30 GMT Military.com Jen McDonald for MilitaryByOwner Advertising Inc. uuid:408461 https://www.military.com/money/personal-finance/take-s-m-r-t-approach-getting-out-of-debt.html Goals are good. Or perhaps more accurately, good goals are good. Tue, 30 May 2023 13:55:48 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:408456 https://www.military.com/money/personal-finance/24-civilian-employers-offer-college-tuition-benefits.html If you're a military spouse preparing to PCS or a veteran who has already exhausted -- or transferred -- your GI Bill benefits, here are 24 companies that help pay for college and some particulars on each program. Thu, 25 May 2023 19:46:19 GMT The Penny Hoarder Robert Bruce uuid:408216 https://www.military.com/money/personal-finance/7-ideas-tackle-rising-auto-insurance-premiums.html As insurance companies scramble to make up for losses, here are ways to help lower your rates. Wed, 24 May 2023 19:12:03 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:408091 https://www.military.com/money/personal-finance/use-militarys-pay-structure-grow-your-tsp-retirement-savings.html The military's compensation structure has several built-in ways to make it easy to increase your Thrift Savings Plan contributions on a regular basis. Tue, 23 May 2023 16:47:56 GMT Military.com Kate Horrell, AFC® uuid:407976 https://www.military.com/money/personal-finance/survivor-benefit-plan-or-term-life-insurance.html Here's why term life insurance may not be a better option than the military's Survivor Benefit Plan. Fri, 12 May 2023 17:40:50 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:407146 https://www.military.com/money/personal-finance/faced-survivor-benefit-plan-decision-5-things-know.html If you need to decide whether to opt in to the Survivor Benefit Plan, here are five factors to consider. Thu, 11 May 2023 19:27:17 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:407051 https://www.military.com/money/personal-finance/how-cancel-home-security-contract-when-you-pcs-new-law.html A new law makes it easier for military members and their dependents to cancel home security contracts when they move or deploy. Thu, 11 May 2023 18:39:37 GMT Military.com Kate Horrell, AFC® uuid:407046 https://www.military.com/money/personal-finance/how-earn-more-interest-your-cash-now-rates-are.html Here are six factors to think about as you review your situation and determine how best to save during this time of high interest rates. Mon, 08 May 2023 20:14:14 GMT Military.com JJ Montanaro, CERTIFIED FINANCIAL PLANNER uuid:406766 https://www.military.com/money/personal-finance/4-strategies-help-couples-prosper-financially.html A successful relationship requires hard work and a lot of money. OK, just kidding -- well, mostly kidding. The reality is that money is ingrained and intertwined with a lot that goes on in any lasting partnership. Tue, 02 May 2023 17:09:24 GMT Military.com JJ Montanaro, CERTIFIED FINANCIAL PLANNER uuid:406201 https://www.military.com/money/personal-finance/how-reduce-capital-gains-tax-house-you-sell-after-less-2-years.html You may be eligible for a partial exclusion of capital gains tax if your employer transfers you to a new location that is at least 50 miles farther from your home than your previous job. Tue, 25 Apr 2023 17:31:47 GMT Military.com Kate Horrell, AFC® uuid:405606 https://www.military.com/money/personal-finance/5-signs-sbp-open-season-could-make-sense-you.html Here are five financial red flags that should have you considering the Survivor Benefit Plan open season. Tue, 18 Apr 2023 18:44:29 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:405031 https://www.military.com/money/personal-finance/4-strategies-enhance-your-retirement.html Here are four things you can do to put yourself in a better place financially, regardless of what happens in the broader retirement landscape. Mon, 10 Apr 2023 20:10:27 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:404321 https://www.military.com/money/personal-finance/what-research-buying-or-renting-home.html The information age has broadened the parameters of what to look for in a home beyond a good location. Tue, 04 Apr 2023 17:04:39 GMT Military.com Jen McDonald for MilitaryByOwner Advertising Inc. uuid:403916 https://www.military.com/money/what-financing-option-best-your-home-improvement-project.html Improving your home can be overwhelming and expensive, but there are several ways to make it easier and more affordable. Tue, 28 Mar 2023 18:54:19 GMT Military.com Rebecca Alwine uuid:403441 https://www.military.com/education/money-for-school/military-spouse-career-advancement-accounts-financial-aid.html The Military Spouse Career Advancement Account program can provide up to $4,000 Financial Assistance for military spouses. Fri, 02 Oct 2009 01:52:18 GMT Military.com Jim Absher uuid:41228 https://www.military.com/money/personal-finance/5-things-everyone-gets-wrong-about-filing-tax-extension.html It's true that if you file for an extension, you won't have to file your 2022 return until Oct. 16, 2023. But there are a few things you should know first. Fri, 17 Mar 2023 20:48:08 GMT The Penny Hoarder Robin Hartill uuid:402621 https://www.military.com/money/personal-finance/5-reasons-tax-experts-say-file-early.html Unless you live in a state where you need to clarify the taxability of state payments from 2022, there's no good reason not to file early. Fri, 17 Mar 2023 16:35:57 GMT The Penny Hoarder Kaz Weida uuid:402601 https://www.military.com/money/personal-finance/7-ways-new-secure-20-act-could-help-you-save-retirement.html To help Americans save for retirement, the Secure 2.0 Act includes promising provisions that will be implemented over the next 10 years. Thu, 16 Mar 2023 21:05:01 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:402531 https://www.military.com/money/personal-finance/stretch-your-va-college-benefits-getting-know-person.html Your college's school certifying official can answer your benefits questions and make sure you're not missing anything important. Tue, 14 Mar 2023 17:06:29 GMT Military.com Kate Horrell, AFC® uuid:401986 https://www.military.com/money/personal-finance/get-replacement-w-2-1099r.html If you've lost those important documents the internet can come to the rescue Tue, 03 Feb 2015 14:22:31 GMT Military.com Jim Absher uuid:25589 https://www.military.com/money/personal-finance/state-tax-information.html What tax benefits does your state offer to Military members and retirees? Find out which benefits are available to you. Thu, 09 Jun 2011 07:05:07 GMT Military.com Jim Absher uuid:41341 https://www.military.com/money/personal-finance/5-steps-less-financial-stress-military-families.html A financial plan that ties together daily budgeting, short- and long-term savings, investments, insurance and estate planning can help lower financial stress. Thu, 23 Feb 2023 21:31:16 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:400456 https://www.military.com/money/personal-finance/veterans-whats-taxed-and-whats-not-your-federal-and-state-returns.html Here's what veterans can expect on their taxes when it comes to service-related pay. Thu, 23 Feb 2023 20:16:14 GMT Military.com Amanda Miller uuid:400441 https://www.military.com/money/personal-finance/4-tricks-change-your-attitude-toward-saving-money.html Sometimes a slight shift in perspective can yield big results when you're trying to save money. Here are four ways to do it. Tue, 14 Feb 2023 18:41:25 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:399581 https://www.military.com/money/personal-finance/tax-tips-first-time-landlords.html Taxes on rental properties aren't simple, but these tips will help you understand what factors into them and may help you catch any errors before they snowball. Tue, 14 Feb 2023 14:41:05 GMT Military.com Kate Horrell, AFC® uuid:399526 https://www.military.com/money/personal-finance/make-right-call-after-upgrade-military-group-life-insurance.html Effective March 1, 2023, the Servicemembers' Group Life Insurance maximum benefit increases from $400,000 to $500,000. Fri, 10 Feb 2023 18:53:52 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:399296 https://www.military.com/money/personal-finance/which-loans-are-ok-and-which-are-bad-or-downright-crazy.html Is going into debt necessary at times? Yes. Potentially helpful? Yes. Good? Not so much. Even so, some types of debt are generally more tolerable than others. Tue, 31 Jan 2023 18:39:54 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:398336 https://www.military.com/money/personal-finance/5-questions-ask-yourself-you-buy-home.html A mistake in buying a home can jeopardize your financial flexibility and health, and the stakes continue to grow. Ask yourself these five questions before you sign. Thu, 19 Jan 2023 18:41:25 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:397341 https://www.military.com/money/insurance/how-navigate-insurance-options-new-military-couple.html Here are a few questions to answer to help you determine how much life insurance you need as a new military couple. Tue, 17 Jan 2023 21:26:34 GMT Military.com Rebecca Alwine uuid:397096 https://www.military.com/money/personal-finance/2023/01/13/widows-tax-survivors-will-be-completely-gone-of-feb-1-benefit-checks.html The surviving spouses of military retirees who receive income from two separate benefit programs will no longer have their benefits reduced by any so-called "widow's tax." Fri, 13 Jan 2023 20:24:59 GMT Military.com Amanda Miller uuid:396881 https://www.military.com/money/personal-finance/5-money-moves-new-year.html Revisit your spending habits, financial goals and retirement projections to build on prior positive efforts or create a fresh start in 2023. Tue, 10 Jan 2023 19:34:11 GMT Military.com J.J. Montanaro, USAA Certified Financial Planner uuid:396551 https://www.military.com/money/personal-finance/you-still-have-time-make-ira-contributions-last-year.html Keep in mind that you can still make 2022 contributions to an individual retirement account (IRA) until April 18, 2023. Mon, 09 Jan 2023 22:19:00 GMT Military.com Kate Horrell, AFC® uuid:396411 https://www.military.com/money/personal-finance/weighing-pros-and-cons-of-529-college-savings-plans.html The most important, and often most difficult, component of any savings plan is not deciding where to save, what investments to choose or which program you'll use; it's doing the grunt work -- the saving. Mon, 02 Jan 2023 13:27:38 GMT Military.com Joseph Montanaro, USAA Financial Planning Services uuid:395716 https://www.military.com/money/personal-finance/5-impactful-financial-gifts-2023.html Shift your gift-giving strategy in 2023 to teach kids about saving and investing. Thu, 29 Dec 2022 16:12:43 GMT Military.com Joseph Montanaro, USAA Financial Planning Services uuid:395531 https://www.military.com/money/personal-finance/4-good-things-retirees-can-look-forward-2023.html Retirees can anticipate bigger Social Security checks, lower Medicare costs, and higher retirement contribution limits in 2023. Mon, 19 Dec 2022 22:19:37 GMT The Penny Hoarder Rachel Christian uuid:394826 https://www.military.com/education/money-for-school/army-education-programs.html The Army has several education support programs that can help you go to college. Learn more. Fri, 21 Aug 2009 23:46:07 GMT Military.com Jim Absher uuid:40877 https://www.military.com/money/personal-finance/military-lending-act-you.html As an active-duty service member, you have legal rights to low-interest loans and protection against pay day lenders, but you might not even know it. Tue, 13 Aug 2019 14:58:59 GMT Military.com Jim Absher uuid:268166 https://www.military.com/education/money-for-school/educational-resources-possible-hidden-gold.html Without access to GI Bill benefits? Don't give up; there are several little known programs to help reach your educational goals. Fri, 21 Aug 2009 23:46:39 GMT Military.com uuid:40871 https://www.military.com/money/personal-finance/how-avoid-slipping-debt-trap-again.html Debt can be like quicksand, pulling you down. How do you avoid slipping into it again after digging your way out? Mon, 14 Nov 2022 18:30:09 GMT Military.com Kate Horrell, AFC® uuid:391816 https://www.military.com/education/money-for-school/navy-education-programs.html Learn more about the Navy's several education programs and other education related benefits. Fri, 21 Aug 2009 23:46:10 GMT Military.com Jim Absher uuid:40842 https://www.military.com/education/money-for-school/air-force-education-programs.html Learn more about the Air Force's education programs. Fri, 21 Aug 2009 23:46:04 GMT Military.com Jim Absher uuid:40879 https://www.military.com/education/money-for-school/marine-corps-education-programs.html The following guide will help you find the Marine Corps benefits you deserve. Fri, 21 Aug 2009 23:46:09 GMT Military.com Jim Absher uuid:40855