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.


 
 

 

VA implements second phase of Choice Card Program

Washington, DC – The Department of Veterans Affairs (VA) today announced that it began mailing Veterans Choice Cards on Nov. 17 to Veterans currently waiting more than 30-days from their preferred date or the date that is medically determined by their physician for an appointment at a VA facility. “VA continues to focus on implementation...
 
 
Courtesy photo

Native American legacy of honor, dedication

Courtesy photo Pfc. Charles George is the most recent Native American to receive the Medal of Honor. He was recognized for saving members of his unit during the Korean War by throwing himself on a grenade and absorbing the expl...
 
 
power-of-Airmen

Airmen Powered by Innovation program launches new site

graphic courtesy/Defense Media Activity Fellow Airmen, Your enthusiasm and ingenuity continues to be our Air Force’s number one weapon system! In April of this year we launched the Airmen Powered by Innovation program aimed a...
 

 
NAIHM_14_Poster_square

DEOMI releases National American Indian Heritage Month observance products

PATRICK AIR FORCE BASE, Fla. – In observance of National American Indian Heritage Month, celebrated each year from November 1-30, the Defense Equal Opportunity Management Institute (DEOMI) proudly announces the availability o...
 
 
U.S. Air Force photo/Capt. Perry Covington

Force Support Squadrons integrate, effectiveness increases

U.S. Air Force photo/Capt. Perry Covington Airmen from 452nd Air Mobility Wing and the 163rd Reconnaissance Wing’s Force Support Squadron have integrated as part of the 3 to 1 Total Force Personnel Management Initiative, allo...
 
 
U.S. Air Force photo by Senior Master Sgt. Matt Proietti

War’s end meant 452nd’s demise…for 20 months

U.S. Air Force photo by Senior Master Sgt. Matt Proietti Technical Sgt. Ed Hinrichs, left, and Staff Sgt. Harvey A. Shaw share memories of their time as B-17 Flying Fortress gunners at a 452nd Bomb Group Association reunion. (F...
 




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