Military Finance Network

Dedicated to Military Financial Knowledge

Entries for March, 2008

Tax Rules Affecting the Military, Part 1 Non-Taxable Income

Tax season is drawing to an end, and you’ve only got about 2 weeks to complete your taxes before the end of the year. Fortunately, there are several places that provide free tax preparation for military members. If you are looking to do your own taxes, it helps to understand how the military pay system [...]

Leave a Comment

Disadvantages to Investing in the Thrift Savings Plan

If you’ve read my article The Thrift Savings Plan Rocks!, then you know that I believe the TSP is a great way for many government employees to invest for retirement. However, there are also several drawbacks to investing in the TSP.
Disadvantages to investing in the Thrift Savings Plan
Limited investment choices. There are only 5 investment [...]

Comments (5)

The Thrift Savings Plan Rocks!

The Thrift Savings Plan (TSP) is a US Government sponsored retirement plan that is very similar to a traditional 401k. It is primarily open to US Military members and eligible civil-service employees. Why does it rock?
It is simple to do. Electronic sign-up takes less than 5 minutes and will start within a month. Once you [...]

Leave a Comment

Understanding USAA’s Subscriber Savings Account

USAA is my favorite bank and the company with which my wife and I insure our home and autos. You can’t beat their customer service, and their insurance premiums are always some of the lowest you will ever find! I have been a happy USAA customer for about 7 or 8 years now, and [...]

Comments (2)

Special Mortgage Rates for First Time Military Home Buyers

Certain Ohio residents are eligible for great mortgage rates for first time home buyers. The Ohio Heroes Program is a new first time home buyer program that aims to help Ohio residents in certain professions qualify for a 30-year, fixed rate mortgage.
These loans are made through the Ohio Housing Finance Agency (OHFA) and are available [...]

Leave a Comment