Military members will receive a nice pay raise in 2019, a 2.6% increase above 2018 pay rates. The 2.6% pay raise was the largest since 2010. The pay tables on this page went into effect on January 1, 2019, and were reflected in the first mid-month paycheck, which was sent out on January 15, 2019. Military members ...
The 2019 VA Disability Compensation Rates are effective as of Dec. 1, 2018. If you receive VA disability pay, you will notice the increased amount in your first check in January 2019. There was a 2.8% increase from 2018, the largest such cost of living adjustment (COLA) since 2012. The government uses the same COLA ...
The question was asked on the Facebook group “Military Spouse Retirement Information”: "Is there a date that is better to retire on than any other day of the year? It used to be the case that it was better to retire sometime after 1 January or 1 February. I believe it had something to do with COLA, but I don’t ...
Military members received a 2.4% pay raise in 2018, a nice increase across the board from the 2017 pay rates. The 2.4% pay raise was the largest since 2010. The pay tables on this page went into effect on January 1, 2018, and were reflected in the first mid-month paycheck, which was sent out on January 15, 2018. ...
Are you ready to make your choice about the military's Blended Retirement System? Are you a leader who has to advise younger officers and enlisted how to decide between High Three and the BRS? Are you a veteran like me who's asked the question several times a week by their family (and their readers)? ...
This post is brought to you by Daniel Kopp, an Air Force officer and founder of MilitaryLifePlanning.com. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. For any servicemembers who are transitioning out of the military or perhaps daydreaming about what that ...
This post is brought to you by Rich of RichOnMoney! If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. BLUF: In college I paid off $32k in student loans in a year. On a military salary I paid off a $280k mortgage in seven years. I've bought several rental ...
Military members will receive a 1.6% Pay Raise in 2017. President Obama recently sent a letter to Congress echoing his support for the 1.6% military pay raise over the 2016 military pay. He states: This decision is consistent with my fiscal year 2017 Budget and it will not materially affect the Federal ...
The Army has released the "unofficial" names of the Sergeant First Classes selected on the Master Sergeant Promotion List. Here is the full list of Regular Army Soldiers who were considered and selected for promotion to Master Sergeant. The official list will be released on May 10th. The soldiers who were ...
1.3% Pay Raise Coming In 2016. The White House and Senate FY 2016 budget proposals provide a whopping 1.3% military pay raise above the 2015 military pay rates. While the House of Representatives has sweetened the pot and propose to increase military pay by 2.3%. Once Congress comes to an agreement and signed into ...
1% Pay Raise Coming In 2015 Earlier this year the President and the Senate Armed Services Committee published the National Defense Authorization Act (NDAA) of 2015. The latest version of the NDAA contains a 1% pay raise for the military, which will be the standard raise until 2018. The 2015 Military Pay Chart goes ...
During my active-duty days, we used to have a frequent conversation around Hale Nords: "So what's your pay going to be now?" "Well, let's see. I'm on the promotion message, I just got a longevity raise, I'm getting submarine pay, I'm eligible for sea pay again, and the new housing & cost of living allowance ...
We're military veterans, not financial advisors. We're trying to share what we've learned and to pay it forward – but you have to make your own decisions.
What worked for us will probably work for you, but unfortunately, we can’t guarantee it. Let us know if something’s not working for you, and we’ll try to figure out a better way... Continue Reading...
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