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.


 
 

 
4-of-11-photo

U.K. cemetery resting place for 452nd men

(Fourth in an 11-part series that was first run in the Beacon in 2007) Thirty men killed while serving in the 452nd Bombardment Group during World War II are buried at an American military cemetery near Cambridge, England. They...
 
 

Suicide prevention takes courage, communication, official says

WASHINGTON (AFNS) — The Veterans Affairs Department has named September National Suicide Prevention Month, but the Defense Department continues its year-round, comprehensive, multi-pronged approach to address the issue of suicide in the military, a Pentagon official said Aug. 21. Army Lt. Gen. Michael S. Linnington, military deputy to the Under Secretary of Defense for personnel...
 
 
Photo by Pleon Wood

The friendly invasion: 452nd GIs inundated English villages

Photo by Pleon Wood (L to r) SSgt. Froilan Hernandez, TSgt. Jack Duer and SSgt. Floyd Gibson of the 452nd Bombardment Group ham it up outside a pub while on leave in England. The men were part of an aircrew on the B-17 Flying F...
 

 

B-17 duty was tiring yet memorable

(Second in an 11-part series that was first run in the Beacon in 2007) B-17 Flying Fortresses were noisy, cold and reliable, men who flew and repaired them for the 452nd Bombardment Group recall. “It was so loud, I could yell in the pilot’s ear from six inches away and he couldn’t hear me,” said...
 
 

452 AMW lineage began in World War II England

(With the this year’s military ball theme, “A Legacy for the future: 452nd Bombardment Group,” and the ball only 11 weeks away, it seems appropriate to re-print an 11-part series tracing its lineage. The series was first run in the Beacon in 2007. Take this journey with us.) The 452nd Air Mobility Wing started as...
 
 

Social media guidance on political campaigns, elections

Reservists on active duty for 30 or more days may generally express their personal views on public issues or political candidates via social media platforms, such as Facebook, Twitter or personal blogs, much the same as they would be permitted to write a letter to the editor of a newspaper. If a social media site/post...
 




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