When two military members marry, they become a dual-military couple, also known as a mil-to-mil couple. Different branches of service may use other terms. Dual-military couples are relatively common. According to Human Performance Resources by CHAMP, nearly 7% of active-duty service members and nearly 3% of reserve and Guard members are in mil-to-mil marriages. Dual-military […]
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President Biden signed the Fiscal Year 2023 National Defense Authorization Act (NDAA), paving the way for a 4.6% increase in military pay for 2023. New pay rates are effective Jan. 1, 2023, and will first appear on Jan. 14, 2023, paychecks. The military pay charts below are for all U.S. Armed Forces personnel, including the Air Force, Army, […]
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There are many credit card options that feature perks for being a military member. You will find military fee waivers offered by a variety of high-profile credit cards including American Express, which means you may be eligible to access high-value credit cards (assuming the applicant is otherwise financially qualified) that can push your access to […]
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The 2023 COLA increase is 8.7%, according to the Social Security Administration. It’s too early to figure out the 2024 COLA rate, but we’ll keep tracking inflation data and other factors that could impact the 2024 COLA increase here. 2022 – 2023 COLA The Social Security Administration announced the 8.7% COLA increase in October 2022. […]
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2023 VA disability rates received an 8.7% cost-of-living increase based on the Social Security Administration’s 2023 cost-of-living adjustment (COLA). You can also find your VA disability pay rate using our 2023 VA disability compensation calculator. 2023 VA disability rates went into effect on Dec. 1, 2022. You can see prior years on our historic VA […]
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Ever since the announcement of the United States Space Force (USSF), there have been many contemplating the types of military careers that could happen as a result of having a new branch of military service. Once the Space Force became a reality, it brought a wave of interest not only from those who are considering […]
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Transitioning out of the military can be an overwhelming, stressful experience for veterans. Not only are you likely moving to a new location and providing for your family, but you also may be recovering from a combat situation and re-learning what life is like in the civilian world. You may need some support as you […]
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May is National Military Appreciation Month, and veterans, service members and their families are honored with free admission, discounts, deals and sales. May is a busy month, with Memorial Day (May 29, 2023), Military Spouse Appreciation Day (May 12, 2023), Armed Forces Day (May 20, 2023) and more. Note: For theme parks and brick-and-mortar locations […]
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What is the difference between Veterans Day and Memorial Day? These two holidays both recognize the importance of military service, and they both honor the sacrifices made by active duty, Guard, Reserve troops, and family members. But these two holidays are separate and distinct; there are good reasons why both are observed each year. Memorial […]
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When selling their homes, some people choose to cut costs by not using a real estate agent. These homes are known as for sale by owner, or FSBO, properties. And, for veterans using their VA loans to purchase homes, they should understand the unique considerations for this type of sale. As such, we’ll use this […]
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If you’re considering a military career, you may wonder which military service has the best pay and benefits. Is it the Army, Navy, Air Force, Marines, Coast Guard or Space Force? At a basic pay level, the answer is simple. The military pays the same regardless of branch, according to your pay grade and years […]
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The Department of Veterans Affairs (VA) pays disability, pension and education benefits associated with your military service. You can get these payments quickly and safely when you set up VA direct deposit to your bank account. Setting up and changing your VA direct deposit is simple as long as you know where to go. The […]
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Nearly 6% of American businesses are veteran-owned, according to the 2020 Annual Business Survey, released in Oct. 2021. Some service members leave military service knowing they want to start a business but need some kind of funding, such as business loans or Small Business Administration grants. Others may not realize they want to start a business until […]
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Veterans and current military members might consider applying for a personal loan for several reasons. The cost of permanent change of station moves is one. Those moving from low-cost to high-cost areas may need more money up front for security deposits, storage fees and other expenses. In these instances, they may want to know how […]
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