Military Finance Network

Dedicated to Military Financial Knowledge

Entries for January, 2008

Ohio Military Retirement Pay Tax Exemption Bill

Congratulations to all military retirees in the State of Ohio! Veterans who receive military pensions no longer will have state income taxes taken from their monthly retirement checks.
On 20 Dec 2007, Ohio Governor Ted Strickland signed legislation that exempts military pensions from state income tax. House Bill 372 allows tax exemption of military retirement pay, along [...]

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Military Personnel Prime Targets For Identity Theft

Military members are increasingly becoming targets of identity theft. Thankfully, I have not been one of the countless victims of identity theft. One of the main reasons military members make easy targets is because their Social Security Number is used for tracking everything in the member’s career. Member’s SSNs end up on literally thousands of [...]

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Veterans Affairs Post-Military Employment Survey

I was recently contacted by the Department of Veterans Affairs to complete a post military employment survey. The survey is designed to “help understand the employment experiences and opportunities for recently discharged veterans.”
There is an increased level of attention to the quality of life veterans experience after separation from the armed services - due in [...]

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Military Rentention Bonuses on the Rise

MSN and CNN both report about the rise in retention bonuses being paid to troops to maintain force strength. The military is having a hard time keeping its personnel numbers at high enough levels to sustain current operations. The hardest hit are the Army and Marines as many troops are getting out due to the [...]

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TSP Hardship Withdrawal Requirements

The Thrift Savings Plan (TSP) has a feature that allows its members to withdraw money during a financial emergency. While this can be helpful in a tight situation, it is not a decision to take lightly. When money is taken out early, it cannot be replaced into the TSP and you will lose out on [...]

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