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/Senior Airman Russell S. McMillan

Johnson assumes command of 56th Aerial Port Squadron

U.S. Air Force photo/Senior Airman Russell S. McMillan Col. Timothy McCoy (left), commander, 452nd Mission Support Group, March Air Reserve Base, passes the guidon to Maj. Mark E. Johnson, commander, 56th Aerial Port Squadron, ...
 
 

Compare TRICARE Online and MiCare

TRICARE Online and MiCare Secure Messaging may seem to offer the same services, but there are important differences to these software tools, designed to enhance access to care for all military beneficiaries. “Both programs are endorsed by the Military Health System, and although they may seem very similar, in actuality there are a few differences,”...
 
 
Courtesy photo/Mathieu Beaulieu

Share your paranormal stories with us

Courtesy photo/Mathieu Beaulieu These two “apparitions” were captured in 2013, with an infra-red video camera, during the early-morning hours, in a dark room that used to serve as a hospital morgue in a building on March Ai...
 

 
(U.S. Air Force photo illustration by Staff Sgt. Adam C. Borgman)

It’s never too late to restart

(U.S. Air Force photo illustration by Staff Sgt. Adam C. Borgman) Senior Airman Christine Fannin, 927th Force Support Squadron, reflects on her life after leaving the Active Duty Air Force component. Throughout her 12-year brea...
 
 

VA launches new no-cost training programs

Programs Designed to Help Transitioning Servicemembers and Veterans Develop New Skills and Credentials (www.va.gov) WASHINGTON –  The Department of Veterans Affairs (VA) August 5 launched two new no-cost training programs, Accelerated Learning Programs (ALPs) and VA Learning Hubs, to help transitioning Servicemembers and Veterans from all eras learn skills, earn credentials, and advance in c...
 
 
Untitled-1

AF Surgeon General message to the Air Force Medical Service

I am deeply honored to serve the Airmen and families of the world’s best Air Force as the 22nd Air Force Surgeon General. I could not be more proud of the outstanding medical professionals with whom I serve–officers, e...
 




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=""> <s> <strike> <strong>