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Happy Military Spouse Appreciation
Day to our Unsung Heroes!
MilSpouse Education and Employment
Many MilSpouses face challenges finding and maintaining meaningful employment. A wealth of amazing resources from the DoD's Spouse Education and Career Opportunities (SECO) program can empower military spouses as they build job continuity. Read our latest blog to learn how you can get the most out of SECO, from career exploration and coaching, to networking and resume writing, to education and credentialing assistance.
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PCS the MilSpouse Way
Planning a PCS move this summer? Don't want it to derail your budget? We've compiled our best tips from military spouses in one handy guide, from PCS-proofing your finances to scheduling affordable family adventures along the way. MilSpouse Robyn even explains how the military paid her family to conduct a personally procured cross-country move. Share our blog with your network so others can join the Mission.
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Understand Your Health Coverage
Let's talk health care. TRICARE is a great benefit for military families, but there's a lot to learn, such as how to decide which plan is right for you and your children, how the referral process works, exactly what counts as a qualifying life event and what the catastrophic cap means. This article covers all the basics. It even includes a handy glossary you can use to look up terms that might be new to you.
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Transfer 529 Funds
If you or your child have funds left over in a 529 account that's at least 15 years old, you may be able to make that money work for you. Use National 529 Day (May 29) to learn more about how to roll qualified funds into a Roth IRA. According to the Internal Revenue Service (IRS), the rollover must be paid through a direct trustee-to-trustee transfer and the total for the year cannot be more than the Roth IRA annual contributions limit; the lifetime rollover limit is $35,000. Visit IRS.gov to learn more.
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Did You Know?
Stay-at-home spouses still need life insurance. If your spouse maintains coverage under the Servicemembers' Group Life Insurance Program (SGLI), you're eligible to receive up to $100,000 of coverage from Family SGLI (FSGLI). Rates are age and coverage dependent, but start at $0.45 a month for $10,000 of coverage for a spouse under 35 and cap at $45 a month for $100,000 of coverage for a 60-plus-year-old.
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Join the Mission!
MilSpouse Money Mission® is an official communication from the United States Government, brought to you by the Department of Defense Office of Financial Readiness. It offers free personal financial education specifically designed for military spouses. Learn how we can serve you — and share this DoD resource with your friends.
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