Commentary

October 19, 2012

Your Financial Minute

by Debi McCoy
Military spouse

Hello Team March!

I am excited to begin fiscal year 2013 with an introduction and tip. My name is Debi, I am a military spouse whose husband is assigned here at March Air Reserve Base, working toward my Accredited Financial Counselor designation. I applied for a Military Spouse Fellowship during the spring of 2011 and was selected along with 200 other spouses from around the world. After two more classes and a residency period, I will have my certification completed. Currently, I have almost 30% of my residency requirement under my belt. I have been busy!

So, what is an AFC designation and how can it benefit you? I will be able to provide remedial, preventive or productive financial counseling. In other words, I can help you with a financial tune-up or major overhaul. This is a free service to military members and their families as well as base civilians.

In addition to on-base, confidential counseling, available through the Airmen and Family Readiness Center, I am gearing up to host ‘Lunch and Learns’ on various financial topics. My first session will be on the recent addition of the Roth option to the Thrift Savings Plan, for both civilian and uniformed service members. Keep an eye out for the announcement of the lunchtime class.

If you want to make an appointment or join one of the classes, contact me via email at mccoyfour@gmail.com or call 951-239-1626. In addition, Valerie Fioretta, director, Airman and Family Readiness Center is also available and can be reached by email at valerie.fioretta@us.af.mil or called at 951-655-5322.

I will leave you with a financial tip:

If you have an escrow account attached to your mortgage, your lender can increase the escrow payment portion an additional 16.67% to allow for any increases in your taxes or insurance. For a $3500 tax and insurance annual bill that would be an additional $583 paid into your escrow account each year. You can contact your lender and ask them to lower the additional amount to their minimum, usually around 10%, thus saving you $233 a year in the escrow payment portion.

Happy Budgeting!




All of this week's top headlines to your email every Friday.


 
 

 
U.S. Air Force photo/Megan Crusher

‘The Spirit of Ronald Reagan’ gets nose art

U.S. Air Force photo/Megan Crusher Col. Russell Muncy, commander, 452nd Air Mobility Wing, March Air Reserve Base, California, and U.S. Congressman Ken Calvert, California’s 42nd district, unveil C-17 original nose art, creat...
 
 
AFN courtesy photo

Hollywood’s Oscar shout outs for U.S. military

AFN courtesy photo From left, Eric Gabriel, Army Maj. Rosy Poulos, Patrice “Rock” Grant, Air Force Staff Sgt. Rob Harden and Fabian Montgomery, American Forces Network employees, work the red carpet at the Oscars to provide...
 
 

452 AMW QUARTERLY AWARD WINNERS

2nd Lt. Jim Lambert, 452nd Aeromedical Evacuation Squadron Company Grade Officer of the Quarter Senior Airman Anahi Ledezma, 452nd Communications Squadron Airman of the Quarter Staff Sgt. Paul Bugar, 729th Airlift Squadron NCO of the Quarter Master Sgt. John R. Hershey Jr., 752nd Aircraft Maintenance Squadron SNCO of the Quarter
 

 
U.S. Air Force photo / Megan Crusher

March Field FES hosts Riverside County Chief’s Association meeting

U.S. Air Force photo / Megan Crusher Eliot M. Cooper (center), assistant fire chief and C. Christianson (left), assistant chief of training, give Patrick Reitz, fire chief, Idyllwild Fire Protection District, a tour of the Marc...
 
 
163rd Security Forces Squadron courtesy photo

March Airmen respond to helicopter crash

163rd Security Forces Squadron courtesy photo A UH-60 Blackhawk helicopter rests on its side at Ramona Airport, Ramona, California, Jan. 20, 2015, after crashing. Seven Airmen from the 163rd Reconnaissance Wing’s Security For...
 
 
Figure-2

Dietary supplements: How safe are they really?

Walk into a health food store today and you can be overwhelmed by shelves piled with dietary supplements. What’s going on? For the past ten years the popularity of dietary supplements has increased steadily. Supplements are a...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin