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.


 
 

 
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...
 
 
Courtesy Photo

A Century of Black Life, History, and Culture

(Final in a three-part series) Courtesy Photo Astronaut Guion “Guy” S. Bluford Jr. becomes the first African American to travel in space, as a mission specialist aboard the space shuttle Challenger. He will ultimately compl...
 
 
Courtesy Photo

A Century of Black Life, History, and Culture

(Second in a series of three) Courtesy Photo Thurgood Marshall and family Black History Month, or National African American History Month, is an annual celebration of achievements by African Americans and a time for recognizing...
 

 

President Abraham Lincoln: Feb. 12, 1809 – Apr. 14, 1865

Taken from the Presidential biographies at whitehouse.gov February 12th marks the 205th year since the birth of Abraham Lincoln, the United States’ 16th President. Although his birthday does not have a national holiday, as does President George Washington’s, Lincoln is no less important. It was on Jan. 1, 1863 that he issued the Emancipation Proclamation...
 
 

Overcoming failures: Don’t be a carrot or an egg

You will fail. The question is, how will you respond? This reminds me of a parable of the carrot, egg and coffee. A senior airman was distraught when he learned he did not make staff sergeant after his first time testing. His staff sergeant supervisor saw a teaching opportunity and the next day he filled...
 
 

McKenzie, Faley take command

The 452nd Operations Support Squadron and 452nd Aeromedical Evacuation Squadron held formal Assumption of Command ceremonies at March Field on Saturday, Dec. 13, 2014. Col. Mark Sigler, then commander of the 452nd Operations Group, passed the guidons to Lt. Col. Nick R. McKenzie, who accepted one as the new OSS commander, and to Lt. Col....
 




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