military finance

I did 4 years active duty in the Marines e-1 to e-4 and now e-5 in the irr (if that matters at all). I am currently using the post 9/11 GI bill to fund my education and am starting Air Force rotc in a few weeks in hopes to commission. Am curious when all said and done would the Air Force O-1 pay...

When did you close (or lock your rate) on it? What rate did you receive? Term (15, 30)? Did you buy mortgage points? Lender? Want to make sure we’re getting a fair deal (not really sure how accurate those bank rate.com things are). Also, the 6.5% thing is startling. But looking at the 30 year...

In 2022 I was a temp technician (ANG) I was paid as a GS-9 from October-early December. When I was supposed to be paid as a GS-7 I was notified of the debt ~December 15 but the debt letter was not official until the first week of January 2023 thus falling on 2023s tax year. My W-2 for 2022 shows...

Just hoping to get some first hand perspective on what options the military can provide me. Just turned 30 and am a mechanical engineer with a masters degree in ME, currently working in industry. My financial situation is not what I'd like it to be and I'd like to accelerate my path to financial...

I have a house I bought in St Petersburg FL in 2018 for 215k and refied during covid for 3% interest. Currently renting it out the last few years since I PCS’d making about $450 a month after everything. I currently owe 180k on the house and it’s valued around 380k. I have 9 years left on AD...

I recently graduated with my PhD and have the opportunity to directly commission in the Navy Medical Service Corps. The career looks good -- I've talked to several active duty officers in my field, and each seemed happy with their jobs. The biggest concerns for me are related to how this will...

This is not an attempt at self-promotion. --------------------------------------------------------------- I think it is important to understand the background of this thread if people are going to lean on it for financial advice. Welp... I wanted to do this as a poll. But that's not an...

Hi, I'm a 19 y/o college freshmen looking for some advice. To start, I have a regular Checking account with chase with about $850 and a chase savings account with $7,500. I'm enlisted in the Army National Guard and currently doing part time service one weekend a month. I make just under $1,000 a...

Hello, so I’m going to boot camp and AIT from May-December and will bring in a decent amount of money, I currently have my TSP set to 30% but also have a IRA through American Mutual Funds that I have been investing in, I’m wondering if I should do both or just put into one? The IRA has like 1.1k...

I'm 100% P&T that's $3621 a month. I am considering rejoining the Air Force Reserves as an E5 w/ 7 years time in service. That's is $456 per drill weekend(4 days of active pay) vs $482 ( 4 days of VA disability pay). Am I better off "Keeping" the VA Disability or Military Pay for those 4...

Hey everyone since the new year had started I wanted to know if I should change anything around for my tsp. The link below is a picture of my TSP.

I was just told we're PCS'ing to the West Coast in December. Looking into the advantages of going without my spouse and kid. I have family I can stay with rent-free close to the base and my spouse and child have a home on the east coast already paid for. I'll switch our Tricare from Prime to...

Super quick background details: E6 with 9+ years, “High 3” retirement, married with one kid, TSP: $22,000 So me and my wife ended up in a rough situation where we were in the middle of moving into our new home and then had to pay for multiple funerals out of pocket and having to handle some...

First of all I’d like to say right off the bat. I know. I know I fucked up too by not being on top of this. I have a lot of deep rooted anxiety and trauma when it comes to money and finances. I’m working on it. ANYWAYS. My husband decided to join the army last year. He’s been working on his...

Hello All. Looking for some sanity checks on my 2022 state tax return. I am active duty and serving out of state (Oregon, home of record). I have not bothered to file the tax exemption forms since I joined so Oregon withdraws every month. Up until recently my wife and I have just filed as...

Here’s the situation: I am an E-6 with dependents and did a PPM. I rented a 26 foot U-Haul with an auto transport. I weighed the U-Haul without the trailer for my Empty weight and it weighed around 13000 lbs. I took it home and loaded it up. Take it back to the weigh station and weigh it...

I currently have a VA home loan, set to PCS overseas in two months. I'm worried that my home won't sell and renting isn't a viable option for me financially. Are there any options for help with that? Idec if I break even I just want this stress gone.

It’s that time of year again! I believe most W-2s are now available, so it’s time to remind everyone of the tax filing assistance options MilTax from Military One Source: Tax consultants available by phone. Starting on Jan 19, free access to H&R Block Premium tax software. In the past it’s...

Growing up listening to finance gurus, I always hear compounding interest. For simplicity sake, 5k turns into 10k, turns into 30k, turns into 100k, etc etc However, I have been contributing to my TSP 20% of my base pay every month for the past almost 8 years. And I just broke 100k. I feel...

Ten years ago I was 24 and much stupider than I am today. I spent the majority of my late teens / early 20's partying and blowing through money like I had plenty of it (I didn't). Ten years ago today I made a promise and decided to start saving money, for retirement and just for personal...