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.


 
 

 
Untitled-1

Seven little known facts about Memorial Day

As Americans get ready to observe Memorial Day with travel, family get-togethers and celebrations, let us not forget—it’s not about the BBQ. Memorial Day is observed specifically to remember those who gave the ultimate sacr...
 
 

Increased mission requirements open doors for continued military service

WASHINGTON (AFNS) — The Air Force is introducing several personnel and manpower initiatives to meet increased mission requirements outlined in the fiscal year 2016 President’s Budget. In order to enhance operational and mission capacity in support of combatant commanders, and to maintain readiness, the Air Force is setting a minimum active-duty force level of 317,000...
 
 
Natl-Better-Hearing-and-Speech-Month

Knowing signs of hearing loss, speech disorder are vital to well-being

May is Better Hearing and Speech Month, where we seek to raise awareness about communication disorders and learning how to recognize their signs. Below are things you should know, from the American Speech and Language Hearing A...
 

 

Quarterly Awards: best of the best highlighted

Airman of the Quarter: Senior Airman Dominique Acuna, integrated flight control specialist, 452nd Aircraft Maintenance Squadron.   NCO of the Quarter: Tech. Sgt. Ruben Davis, mental health craftsman, 752nd Medical Squadron.   SNCO of the Quarter: Master Sgt. Christopher Jugas, non-commissioned officer in charge of training, 452nd Security Forces Squadron.
 
 
DoD
AFN photo/Charlie Gill

Robert Sekula, man of many hats

AFN photo/Charlie Gill Robert Sekula, a broadcast journalist/producer working at the American Forces Network Broadcast Center, one of March Air Reserve Base’s mission partners, wears many hats. Robert Sekula’s ever-present ...
 
 
U.S. Air Force photo/Senior Airman Kevin Mitterholzer

Recruits swear in at Military Appreciation Night

U.S. Air Force photo/Senior Airman Kevin Mitterholzer Lt. Col. Erin Meinders, commander, 362nd Recruiting Squadron, swears in 13 new recruits to the Air Force Reserve, during the Inland Empire 66ers Military Appreciation Night ...
 




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