Filing taxes is a responsibility for all eligible taxpayers, and your service member is no exception. Now, every civilian knows doing taxes is hard, but how about military taxpayers? Well, in many ways, one could say filing taxes as a member of the military is more complicated. 

Every veteran knows that there can always be casualties in the line of duty. It’s the sacrifice we make; some of us make it back home, some of us don’t. This is why life insurance is of such importance in this line of work. Yes, a death benefit wouldn’t bring back a lost service member, but it would at least help make sure their loved ones are taken care of.

Your service member enlisting in the military shouldn’t be a death penalty for all their prior investment. From their business investments to stock portfolios and even retirement savings, there are ways to maintain—and even grow—these assets while on active duty. With the right strategy, support system, and tools, you can help your enlist continue building their wealth while they focus on...

Credit management is essential in today's financial landscape. Anyone looking to attain any level of financial freedom needs to have the knowledge and skills required to minimize debt and manage their credit responsibly. For service members, however, credit management becomes even more crucial. Military life comes with unique financial challenges—frequent relocations, deployments, inconsistent living expenses, and even the temptation of easy credit targeted toward young enlistees.

Aside from base pay, service members on deployment are eligible for a variety of special pay and benefits. These may include Imminent Danger Pay, Hardship Duty Pay, Family Separation Allowance, and tax-free earnings, all of which are designed to serve as compensation for the challenges, risks, and sacrifices associated with deployment.

The U.S. military offers a wide range of financial resources to help support service members and their families. These resources range from basic pay and special allowances to education benefits, housing assistance, savings programs, and emergency financial aid.

Budgeting is an essential skill for anyone looking to secure their financial future. As a parent, you are responsible for imparting these essential skills to your new service member. But since military life is significantly different from civilian life, your new service member will need more than just regular civilian budgeting tips.

Military pay isn’t like your typical paycheck from a civilian job. This often comes as a shock to many new service members who expect a payment system much like what they had been used to in their civilian jobs. Military pay typically comes in different parts, the most important being base pay.

Taking advantage of allowances is an important step to avoiding financial pitfalls for service members. The Basic Allowance for Housing (BAH) is one of the most essential of these allowances, one your new service member must not miss out on. In this article, we will help break down exactly what it is and how your service member can make the most of it.