Monthly Archives: January 2016

My Experience With the Post 9/11 GI Bill

When the Post 9/11 GI Bill was signed into law in 2008, one of the first things that I did was review the Navy’s instructions for transferring benefits to my children. At the time, one of the stipulations was that I had to agree to an additional 4 years & sign a Page 13 (Administrative Remarks) that started the clock. I knew that I was planning to retire, but I wanted to start the clock as soon as possible so I did not have that hanging over my head. In my opinion, this turned out to be a stroke of fortune, as I’ve talked with several of my colleagues at other commands who were burned because the paperwork wasn’t routed properly (probably a shock, since the military is known for making sure the paperwork doesn’t get lost, right?). In one case, a shipmate had to postpone his retirement because he reached the 20-year mark before he realized that his paperwork got lost, and the time he was tracking did not count. Continue reading

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VA Loans: Three Things to Consider

1. You can finance up to 100%, but should you?
Lenders generally require a 20% down payment on the purchase of a home, or they will require that the borrower obtain private mortgage insurance. This is to protect the bank’s investment in the case of a default. However, there is another argument that can be made: ‘skin in the game’ is an important consideration. Continue reading

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