The 2017 defense bill has been signed into law by President Obama and includes a 2.1% military pay increase. Highlights of the 2017 Defense Budget: Timeline March, 2016– Congressional committees submitted “views and estimates” of spending and revenues. April – June, 2016 – House & Senate Armed Appropriations Committees worked on the FY2016 defense bill. […]
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The Basic Allowance for Subsistence (BAS) did not increase in 2017 for the first time in many years due to the average price of food in the US not increasing. BAS is calculated on the current cost of food in the United States as recorded by the Department of Agriculture. Just as Basic Allowance for […]
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Basic Allowance for Housing (BAH) for 2017 increased by 2.4% on average or approximately $41 per month. New BAH rates take effect on Jan. 1, 2017, and service members will see their first increase on their Jan. 15 pay. While the BAH rates will increase for many service members this year, the BAH program also […]
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Saving money in the military is not difficult, but the key is to start saving early. Saving money and getting out of debt to stay out of debt are the two keys to becoming financially stable. It’s easy to start saving in the military, and the advice below will explain how. Set-up recurring transfers into […]
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Military retirement pay is intended to recognize the selfless dedication to a career in the military. While important, calculating Military retirement pay benefits depend on individual circumstances determined by the circumstances below. Those who served in the military (Active Duty, Reserves or Guard), for a typical length of at least 20 years, will receive military retirement pay. This […]
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2016 military allowances, incentives, bonuses and special pay. Many military members qualify for special pays and incentives that are part of the service’s recruitment and retention efforts. Some compensate members for assignment to hazardous or difficult duty conditions. Basic Pay Charts – See link for pay charts Effective Jan. 1, 2016 BAH (Basic Allowance for […]
Read MoreSocial Security profoundly affects millions of Americans and the cost is astronomical. In fact, the Social Security Administration reports that in fiscal year 2016, they will pay out one trillion dollars in benefit payments. Along with this cost, the Administration mentioned a few noteworthy items within their budget request pertaining to Social Security for […]
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Military members are without a doubt our heroes, but it’s also important to note those serving from home. The enduring and relentless support from military sons, daughters, wives, husbands and other family members is the fuel that our top notch military members need to move forward. This is why it is essential to recognize those […]
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Pets in military life are wonderful companions because they offer friendship, loyalty, and protection. Â They are always eager for your arrival and are a sure way to enhance the mood of children and adults alike. In fact, pets are especially wonderful for military children and families because they offer stability and love in an ever-changing […]
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A transition can be difficult, regardless of the number of times you have already experienced it. Moving, for example, is a transition that is quite synonymous with the military. Those who serve in the military are fully aware that they will most likely have a lifetime of moves ahead of them. But does this knowledge […]
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