Military Monday – Money News You Can Use on 13 AUG 2018
It’s Monday, so I wanted to give you some military-specific financial news that you can use:
- This post on LinkedIn explains how “transitioning service members” can get 100,000 free Hilton Honors Points, equivalent to 4-6 free nights in their various hotels. It does not define whether you have to be active duty, reserve, or Guard, so I’d just try it if you are transitioning in any way.
- This article from Military Times explains how to get a military discount from some of the moving companies if you are planning to do a personally procured move (what used to be called a DITY move).
- If you donate to veteran charities, you should read this article from MilitaryConsumer.gov about a crackdown on fraudulent charities that use a supposed veteran affiliation to attract donations.
- This MOAA post explains that Congress may restore long-term per diem rates that were reduced in 2014.
- Dental and vision insurance coverage are changing for retirees and active duty families. Depending on which you are, read the hotlink specific to your situation. In both cases, you have until 10 DEC 2018 to act.
- if you have or are a military spouse with kids, the NDAA 2019 contains efforts to increase employment and expand access to childcare services. It helps military spouses get hired, run a small business, and make childcare more affordable.
- We had previously discussed changes to the Post-9/11 GI Bill, but even though it is a month old I just found this DoD release discussing the changes. The major change is that eligibility to transfer GI Bill benefits will be limited to service members with less than 16 years of total service.
- Finally, this is an interesting story about a Marine veteran’s foreclosure fight. It is a good reminder about the protections we are afforded by the Servicemembers Civil Relief Act if you ever have trouble meeting your financial obligations. It offers protection against high interest rates, foreclosures, income taxes, eviction, civil court actions, small business issues, auto and rental leases, and other things. Full all the details read this. You can also use it to get hundreds or thousands of dollars back from American Express. I got just over $200 back. It really works.