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Hank Coleman

Hank Coleman is a Captain in the U.S. Army, a freelance writer and the founder of personal finance sites such as Military Money Might and Money Q&A. His writing has been featured on The Motley Fool, Military.com and many others. You can follow him on Twitter @HankColeman.


4 Smart Ways to Spend Your Yearly Pay Raise

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Posted in Savings Account

Every year since the era of World War II, members of the Armed Forces have enjoyed a military pay increase on January 1. Despite the fact that year’s raise was the lowest ever recorded, members of the military can put that raise to good use. Because any pay raise is money that was not previously...

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Understanding Which Military Pay And Allowances Are Taxable

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Posted in Articles

There are many types of military allowances and military pay that a service member can earn depending on where he or she is located and the type of job they perform in the military. Two of the biggest advantages that many Soldiers, Sailors, Airmen, and Marines often overlook are the taxable military pay and allowances....

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Ask For Your Permissive TDY From Your Losing Unit

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Posted in Army, Articles

I cannot even begin to count the number of Soldiers who have signed into the new unit trying to take ten days in order to house hunt or set up their households using permissive TDY. Units that receive new Soldiers do not have time to deal with letting people have more time off. If you...

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Who Is Eligible For The Military’s Adoption Reimbursement?

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Posted in Articles

Unlike many civilian employees, the United States military provides a reimbursement of some expenses associated with adopting a child either from America or abroad. Members of the military have up to one year of the time their adoption is finalized to request the reimbursement of costs associated with the adoption. While military adoption benefits will...

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Can The Military Still Collect Debts After You Leave The Service?

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Posted in Articles

Many people in the military do not realize that their debts to the United States government will follow them after their service if they leave while still indebted. Service members who are let go from the military due to misconduct do not realize the implications of the bonuses or other benefits that they received that...

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Military Dislocation Allowance – The Best Kept Secret About Moving

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Posted in Articles

Unfortunately, many young members of the military do not understand all of the allowances and entitlements that they are authorized to receive from its finance system when they move from one duty location to another. This is especially true during the first permanent change of station, or PCS move as it is referred to in...

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Three Things You Can Do To Promote Military Saves Week At The Unit Level

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Posted in Articles

In 2009, FINRA Investor Education Foundation commissioned a national study of the financial capability of American adults and 800 military members and their spouses to establish how well people manage their money. The results of the study revealed that members of the military struggle with their finances and educating themselves about money. According to the study, 36% of...

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Why you Should Always Do a Partial DITY Move

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Posted in Articles

Most military families that have moved from one duty assignment to another are familiar with DITY moves. A DITY move, pronounced “ditty”, is actually an acronym like most things in the military, and it stands for “Do It Yourself.” A DITY move can either be a complete or partial, but if you’re watching your expenses,...

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Three TSP Allocations for Different Times in Your Career

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Posted in Articles, Banks

As far as investing goes, the general rule is that you put money into less aggressive, less risky funds as you age. The same can be said for both civilian and military investors who choose to invest in the federal government’s version of the civilian 401k retirement plan, the Thrift Savings Plan, or TSP for...

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5 Things Every Soldier Should Look For in the First Stock They Buy

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Posted in Savings Account

While many financial planners recommend that mutual funds, index funds, bonds, Roth IRAs, and the federal Thrift Savings Plan comprise a majority of a member of the military’s investment portfolio, many people cannot resist the siren song of picking stock to invest in.

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