Here’s your 2022 list of all 50 states that exempt (or don’t exempt) military retirement pay. The laws differ depending on which of the 50 states you live in and some state tax laws are more complex than others. Depending on the state, you may pay no income tax whatsoever, or you may find your […]
Read More
The 2023 survivors’ pension rates will see an 8.7% increase based on the Social Security Administration’s cost-of-living adjustment increase. Survivors’ pension rates for 2023 are effective Dec. 1, 2022. Annual COLA increases determine the payout for several military and veteran benefits, including survivors’ pensions. See our COLA increase watch for the most recent updates on […]
Read More
Military retirement means many different things– income, lifestyle, and spending changes. But what does it take to qualify for military retirement? This article focuses on the requirements for retirement eligibility rather than individual military retirement plans such as High 36, Redux, or the Blended Retirement program. There are some basic military retirement qualification rules–these are […]
Read More
2023 VA pension rates received an 8.7% cost-of-living increase, based on the Social Security Administration’s 2023 cost-of-living adjustment (COLA). 2023 VA pension rates took effect on Dec. 1, 2022. This article reviews the current VA pension rates and guidance on whether or not you may qualify. Veterans who qualify for a VA pension receive the […]
Read More
Veterans and survivors who receive a pension from the Department of Veterans Affairs may be eligible for additional Aid and Attendance benefits if they live in nursing homes or need in-home care with everyday activities. Monthly Aid and Attendance payments supplement VA pension benefits for those who meet the basic qualifying criteria. What Is the […]
Read More
For Reserve and Guard service members, calculating military retirement pay is an important part of financial and life planning. Eligibility to receive military retirement pay is based on service points earned during service. Those points rely closely on the professional choices a service member makes. Do you need to know how to calculate Reserve or Guard […]
Read More
Military retirement calculators for retirement pay, BRS, High-3, Redux, COLA, Thrift Savings Plan, by service, comparison calculators and more. Military Retirement Compensation Calculators Service Specific Military Calculators and Resources USA.Gov – Find information on basic pay, pensions and retirement benefits for service members, veterans and military retirees, including whom to contact with questions and concerns. […]
Read More
The Defense Finance and Accounting Service (DFAS) establishes, maintains and pays military retirees, surviving spouses and other family members. Here are the 2022 and 2023 military retiree and annuitant pay dates. Military retiree paydays always fall on the first day of the month, except when the first day is a holiday or weekend. In those […]
Read More
Those who qualify for VA pension benefits are paid an amount based on the difference between your countable income and a limit that Congress sets called the Maximum Annual Pension Rate (MAPR). What is defined as countable income? This is basically how much money you bring in each month including retirement funds, investment dividends, Social […]
Read More
Please note that this article is not to be considered financial advice. Consult a financial professional before making decisions about accessing military retirement funds. What follows is a description of a program that permits Veterans to access military retirement funds early, and should not be confused with encouragement to do so. That is a decision […]
Read More
Copyright © 2023 Three Creeks Media, LLC
Veteran.com is a property of Three Creeks Media. Neither Veteran.com nor Three Creeks Media are associated with or endorsed by the U.S. Departments of Defense or Veterans Affairs. The content on Veteran.com is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on Veteran.com should not be attributed to the Dept. of Veterans Affairs , the Dept. of Defense or any governmental entity. If you have questions about Veteran programs offered through or by the Dept. of Veterans Affairs, please visit their website at va.gov. The content offered on Veteran.com is for general informational purposes only and may not be relevant to any consumer’s specific situation, this content should not be construed as legal or financial advice. If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. References to third-party products, rates and offers may change without notice.
Advertising Notice: Veteran.com and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on Veteran.com; For any rankings or lists on this site, Veteran.com may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. If a ranking or list has a company noted to be a “partner” the indicated company is a corporate affiliate of Veteran.com. No tables, rankings or lists are fully comprehensive and do not include all companies or available products.
Editorial Disclosure: Editorial content on Veteran.com may include opinions. Any opinions are those of the author alone, and not those of an advertiser to the site nor of Veteran.com.
Information from your device can be used to personalize your ad experience.
