The DD Form 214, Discharge Papers and Separation Documents is the most important military document you will ever receive. This form serves as your proof of military service and is often used to verify military service for benefits such as the GI Bill, VA Loan, VA medical benefits, retirement benefits, employment, and membership in veteran's … [Read more...] about DD Form 214 – Why It’s Important, And How to Get a Copy of Your DD 214
Military and Veterans Benefits
If you’ve decided that you want to pursue a VA home loan to get into your dream home, but you don’t know just how much you might qualify for, knowing how much it’s possible to qualify for is helpful. Because we know how confusing it can be to navigate the home loan market, we did our best to put together some information to help you figure out … [Read more...] about VA Loan Limits by County – How Much House Can You Buy with a VA Loan?
Getting approved for a VA home loan can be a lengthy, confusing, and frustrating process. When you’re in the midst of it, it can feel like you’re a show dog, being forced to jump through hoops. It’s so challenging, in fact, that many Americans give up on their dreams of owning a home and assume that they will only ever be able to rent. However, … [Read more...] about VA Loan Eligibility and Service Requirements
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 are paid in arrears, usually on … [Read more...] about 2019 Military Pay Charts – Officer and Enlisted Members Receive a 2.6% Raise
The average funeral costs somewhere between $7,000 and $9,000 when accounting for all costs. Sadly, at some point in our lives, this will become relevant to all of us. However, as a military member or veteran, you are eligible for military burial benefits when you pass away. In some cases, your spouse or dependents may also be eligible for burial … [Read more...] about Military Burial Benefits – How to Apply for Military Funeral Honors
November 2021 update: The Dept of Defense has released their memo for the 2022 Cost Of Living Adjustment! You’ve already heard of 5.9% for retirees. Now we can dig into the fine print for those who retired in 2021: If you retired in 2021 under High Three then your COLA is a little lower: January 1 - March 31: 5.7% April 1 - June 30: … [Read more...] about How Much Is The COLA On My Military Pension?!?
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. Military members are paid on the … [Read more...] about 2018 Military Pay Charts – Officer and Enlisted Members Receive a 2.4% Raise
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)? USAA can help with … [Read more...] about USAA’s Military Retirement Comparison Tool And The Blended Retirement System
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. [Nords note: this post was updated on 4 March 2017 with a direct link to the DoD's PSMC website as well as a sample statement. Scroll down … [Read more...] about How Much Is Your Military Pay Really Worth?
USAA is cutting the rates on their new life insurance policies. Let me explain why in less than 1800 2000 words-- but it’s all good. I’ve learned a lot about insurance over the last 30 years, and it’s a necessary evil. We buy it to help ourselves (and our families) recover from disasters, and we only keep it as long as we need it. Everyone … [Read more...] about Lower Life Insurance Premiums From USAA