Money & Mortgages Veteran Life Central

  • Military Disability Compensation Rate Tables

    Military Disability Compensation Rate Tables

    Military veterans can qualify for over $3,000 in benefits from the VA. If you're a disabled veteran, use the following disability compensation rate table to determine how much financial assistance you can receive from the VA. These rates took effect on Dec. 1, 2016. Rates (No Dependents): 10% - 20% Basic Rates - 10%-100% Combined Degree Only Without Children With Children 30% - 60% 30% - 6…

  • List: Military Retirement Income Tax

    List: Military Retirement Income Tax

    If you've retired from the military, you've earned a pension. How large that pension is depends on your pay grade. But to a lesser extent, it also depends on where you live in the country. Since certain states tax military retirement income at different rates, the amount that ends up in your pocket varies from state to state, just like veterans property tax exemptions. Take a look at this chart to see if yo…

  • Know Your Post-Service Life Insurance Options

    Know Your Post-Service Life Insurance Options

    Everyone on active duty and many guard personnel and reservists are enrolled in Servicemembers Group Life Insurance (SGLI), but, after the military, how do you guarantee that your family is financially secure if something were to happen to you? Below are a variety of life insurance policies to consider in the civilian world after you've separated from the military. Veterans Group Life Insurance When you sep…

  • The Service Member’s Secret to Buying a Car Overseas

    The Service Member’s Secret to Buying a Car Overseas

    Picture this: You're PCSing to Germany and before you know it you're cruising on the Autobahn in your 350-horsepower Porsche 997. Or, you've just finished your 12-month stint in Afghanistan and when you get back stateside, your brand new BMW is waiting for its first joyride. These aren't just fantasies, but a reality for many service members who are serving or have served outside of the United States. You, too, ca…

  • The Service Members' Secret to Nearly Free Flights

    The Service Members’ Secret to Nearly Free Flights

    If you and your family are looking for nearly free flights, then flying Space Available, also known as "Space-A," might just be your answer. Traveling Space-A is no easy task. It's an adventure in itself. But if you have the patience and flexibility your work will pay off. After all, who doesn't want travel cheaply? The Basics So, what is Space-A? In a nutshell, it's a way service members and their f…

  • VA Loans Hit the 20 Million Mark

    VA Loans Hit the 20 Million Mark

    The nearly 70-year-old VA home loan program hit an incredible milestone recently, guarantying its 20 millionth mortgage since 1944. The historic loan guaranteed a home in Woodbridge, Va., for the surviving spouse of an Iraq War veteran who died in 2010. "The 20 millionth VA home loan is a major milestone and is a testament to VA’s commitment to support and enhance the lives of veterans, service members, thei…