Military Finance Network

Dedicated to Military Financial Knowledge

Entries for February, 2008

USAF Members Feeling the Effects of Budget Cuts

Airmen across the globe are feeling the effects of budget cuts. These issues are not only affecting the weapon systems they use to protect our nation, but it is affecting their quality of life as well as their mission and in some cases, whether or not they have a job.
Expect around 5,000 Airmen to be [...]

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Free Tax Preparation for Military Members

There is great news for the military community. There are several options for military personnel to file their 2007 taxes for free. Most major military installations have a Volunteer Income Tax Assistance (VITA) office. Marines, Airmen, Soldiers, Sailors, Reserve members, Guardsmen, and their families worldwide are eligible to receive free tax preparation assistance at [...]

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Military Budgetary Issues Affecting Troop Quality of Life?

The military budget has gone through a lot of changes in the last few years. The ongoing War on Terror has stretched the budget thin, to the point of almost breaking. Each service needs an influx of billions of dollars to restock and refurbish their equipment and supply the ongoing war efforts.
But how much of [...]

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5 GI Bill Facts Every Veteran Needs to Know

The GI Bill is one of the most valuable benefits that most veterans are able to take with them when they leave military service and transition into civilian life. The value of a college education vs. not having a college education can be well over a million dollars throughout the course of a lifetime. Using [...]

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Where Should You Invest - TSP or IRA?

This post is written to help federal government workers and military members who are eligible for the Thrift Savings Plan decide which investment vehicle is best for their situation - the TSP or an IRA?
First, we should define the investment plans; then we’ll get into the question.
IRA: There are two main types of Individual Retirement [...]

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