AAFMA - Blog Import

Military Benefits for Special Needs Children

Admin — Fri, 30 May 2025 04:00:00 GMT

If you’re part of a military family, you’re likely already familiar with things like enrolling in new schools after PCS, considerations you need to take when planning a vacation, and how to help your kids through those long deployment periods.

146 Years in the Making: The Evolution of Armed Forces Mutual

Admin — Thu, 24 Apr 2025 04:00:00 GMT

Throughout our 146 years, we’ve continued to evolve and grow, making well-considered changes that refine and reshape our ability to serve an ever-expanding military community. Now, we are embracing another new and significant change: becoming known as Armed Forces Mutual.

Downsizing After Military Service: Financial Tips for Your Retirement

Admin — Tue, 11 Mar 2025 04:00:00 GMT

As you transition to retirement, your financial situation will change. You will have to adjust to no longer having a full-time job and to living with a reduced income. Simplifying your finances, streamlining your lifestyle, and even downsizing your home, could help you to better adapt to this stage of life and provide benefits you may not realize now.

What to Do with Your Junior Enlisted Pay Raise

Admin — Thu, 13 Feb 2025 05:00:00 GMT

Starting in 2025, many junior enlisted servicemembers received the largest pay raise seen in decades. These pay increases of up to 14.5% for ranks E-1 to E-4 translate into an additional $3,000 to $6,000 annually, providing a meaningful boost to take-home pay.

Black History Month: Reflection, Lessons and Empowerment for Servicemembers and Their Families

Admin — Sat, 01 Feb 2025 05:00:00 GMT

By Jaimi Erickson

Everything You Need to Know About Veteran Saves Week

Admin — Tue, 12 Nov 2024 05:00:00 GMT

Financial security is top of mind for many in the military community. Veterans Saves Week, which takes place this year on November 12-15, is an opportunity for transitioning servicemembers and Veterans to take control of their financial future. Each day, the group will focus on a different aspect of financial readiness, including choosing the right financial institution, building savings, dealing with housing, and navigating the finances when transitioning from military to civilian employment. Veteran Saves, of which AAFMAA is a founding partner, seeks to motivate, support, and encourage the entire Veteran community to save money, reduce debt, and build wealth.

What Branch of the Military Should I Join? How to Decide

Admin — Tue, 09 Jul 2024 04:00:00 GMT

The United States military comprises six distinct branches, each with its own unique characteristics. People join the military for various reasons, from a sense of duty to a desire for adventure. If you’re thinking about joining, make sure you thoroughly explore each branch to determine which aligns best with your aspirations, interests, and traits. Keep reading to gain insight into the six branches of the military and their respective roles and cultures.

What Is a Dislocation Allowance?

Admin — Tue, 09 Jul 2024 04:00:00 GMT

One of the many allowances you’re entitled to as a servicemember, Dislocation Allowance (DLA) is intended to partially reimburse you for relocation expenses during a PCS, evacuation, or other government-ordered housing moves. DLA is offered in addition to other allowances and can only be received once per fiscal year. The amount of your reimbursement depends on your grade and dependent status.

8 Tips to Get Your Home Ready for Spring

Admin — Fri, 22 Mar 2024 04:00:00 GMT

Many people consider the vernal equinox as the “official” first day of spring. This year, it occurs on Monday, March 18, at 5:24 p.m. ET. Along with the first day of spring comes warmer weather, which means changing your daily routines and home maintenance plans to account for more sun and, in some areas, thawing of winter’s ice and snow.

Is Military Pay Taxed?

Admin — Wed, 20 Mar 2024 04:00:00 GMT

Servicemembers in the U.S. Armed Forces often find themselves in unique tax circumstances due to special pay and uncommon circumstances. While not all of your military pay is taxable, some is.