By Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension Should a military family planning to move to their next duty station sell their home or keep it as a rental property? Like many financial planning questions, the best answer is “it depends.” There are many factors to consider when a service member is deciding whether to… Continue Reading Renting a Home as an Absentee Landlord
Trying to balance work, family and life can be a challenge for us all. In a recent professional development webinar, Working to Balance Life, the presenter not only laid the foundation for finding personal work-life balance but she also offered feedback for employers, supervisors and managers who are trying to retain and strengthen their workforce… Continue Reading Why is Work-Life Balance Important for Professionals?
By Molly Herndon Our team’s presence on Twitter just got a bit easier to find. We’re now tweeting from @MFLNPF. Our team’s tweets, content and details about our upcoming webinars are shared from this handle, so be sure to follow us here to stay up-to-date on all the PF news. Last summer, our team and the… Continue Reading Connect with Personal Finance @MFLNPF
Join the Military Caregiving Concentration for a FREE monthly professional development webinar on, ‘Understanding Narcotic Medications for Service Members.’ Date: Thursday, April 9, 2015 Time: 11:00 a.m. Eastern Event location: Understanding Narcotic Medications for Service Members *No registration is required. Narcotic medications are used for a variety of treatments such as, pain management, anxiety, and sleep… Continue Reading April Caregiving Webinar: Understanding Narcotic Medications for Service Members
Medicaid is an insurance program that provides health coverage for many who are low income or disabled. The program is operated at the state level, using federal and state funding. However, Medicaid programs vary substantially from state to state. Medicaid can be an important resource because it may provide supplemental or “wrap-around” coverage for services… Continue Reading Q&A with #eXmilcaregiving: Why is Medicaid an Important Resource for Service Members?
Often times it can be difficult as you work with service members and their families to get them to really open up to you in order to better identify appropriate services to meet their specific needs. In some cases, service members and their families may be reluctant to opening up to you as a professional… Continue Reading As a Professional, How Do You Encourage Caregivers & Service Members to Open Up?
By Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension At the height of income tax filing season, it is appropriate to examine special tax benefits for military families. Military personnel and their families face unique life challenges with their duties, expenses, and transitions and, because of this, the following special tax benefits are available: Moving Expenses:… Continue Reading Income Tax Tips for Military Families
By Katie Bryan, America Saves Communications Director America Saves Week, February 23 – 28, 2015, is the perfect time to review your finances, set your savings goals for the year, and set up a system that will allow you to save automatically. That’s why the America Saves Week theme is – Set a Goal. Make… Continue Reading This America Saves Week: Take Your Financial Future into Your Own Hands
By Michael Gutter, Associate Professor, Interim FCS State Program Leader, and Family Economics Specialist, University of Florida Marcus, 27, and his wife of five years Stephanie, 26, have a three year-old son, Alexander. Marcus is a proud member of the Army, his wife Stephanie is just thinking about going back to work now that their son has started… Continue Reading Asset Allocation in Real Life
By Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension More than 80% of service members never reach the 20-year mark to qualify for retired pay. That is why it is important for them to “hedge their bets” by contributing as much as they possibly can to the Thrift Savings Plan (TSP). Otherwise, they run the risk of… Continue Reading Encouraging Service Members to Save for Retirement