One of the biggest adjustments newly-minted veterans can face is getting approved for loans. Once you’re out of the service, you’ll probably want, if not need, a reliable car. Even if you already have a car, it’s a good bet it isn’t the one you see yourself in over the next few years.
With car loan interest rates at reasonable levels, this is a good time to think about getting a new car or truck, or a new late model. But if you have bad credit, or very little credit, it’s hard to take advantage of these rates. Here are some tips for getting a fair shot at car financing:
First, Determine What You Can Afford
This may sound like advice from Captain Obvious, but a car brings more than a loan to your financial picture. There’s insurance, which varies across the country. FastQuotesDirect tracks average yearly car insurance costs for each state, ranging from $2700 in Louisiana to less than $1000 in Maine.
You also need to set money aside for maintenance. Maybe you know how to change the oil and filter (and be sure that this is permitted where you live; many home owner associations and apartment complexes don’t allow car maintenance on their grounds!), but do you know how to rotate and balance tires, replace brake pads, and flush out the transmission?
Make a list of yearly car expenses outside the payment you’ll undertake. Call around or go on the Web find out local costs for each of these:
Garage or parking fees
Car property tax
Add these costs to your budget and you’ll have a good idea of how much you really have for a car and its associated expenses.
If Your Credit is So-So, Don’t Panic
Look at your credit rating before you apply for car loans. As Cars.com, points out, lenders will look at these and you should, too. You can request a free report from the three major credit bureaus each year at Annualcreditreport.com. You may be a little relieved to see that these reports look at a few things, including how long you’ve had credit, your on-time rate for paying bills, and how much of the credit available to you is used.
If your first job was with the service, you may not have a lot of credit built up just yet. Or maybe your credit is less than sterling. If you aren’t satisfied with the rates you’re being offered, consider going to a lender that specializes in credit repair and working with so-called credit risks. Reputable lenders like Drive Time report to credit unions, which helps their customers, and has very high (4.5 stars) ratings, according to information at Drivetime.com.
Get Pre-Approved for a Loan Before You Go Car Shopping
Another benefit of working with dedicated car loan services is that you can get pre-approved for loans, learn how much you can borrow and finalize payment terms before your heart is set on a vehicle. Shopping within realistic boundaries is more rewarding and less frustrating. Edmunds.com points out that it also makes it easier to negotiate with the salespeople: just ask “what’s the out-the-door price?” It also eliminates any delivery complications resulting from loan complications.
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Newsletter comment: I listened to some of the testimony by former CIA assistant director Morrell on Benghazi today.
It is clear to me that the brass pays far more attention to what some analyst in Langley believes, then what a station chief or other eyewitnesses are reporting on the ground. That’s messed up.
He also explained that the Langley analysts were not privy to what those on the scene were reporting in real time. Knowing that it begs the question, why is their analysis given so much weight?
Of course this is nothing new. LTC Hal Moore’s after-action report on the battle of the Ia Drang Valley in Nov ’65 were ignored by McNamara and his “whiz kids” for what they WANTED to believe. Little changes! – Roger Young, co-editor
“The Senate Intelligence Committee has released a comprehensive report on the Benghazi attack finding the tragedy was ‘preventable’ and the administration failed to respond to ‘ample’ warnings that security was deteriorating before Sept. 11, 2012…”
Newsletter comment: It would appear that everyone in any authority dropped the ball leading up to the attack in Benghazi. A complete failure by all involved from the State Dept, White House, and military commands. Incompetence and arrogance cost the lives of four brave Americans.What was the purpose of establishing AFRICOM when they apparently had no real assets available in Africa? As we know from earlier reports, everyone had to know there were serious security issues in Libya yet NO action was taken at any level to enhance security or position forces! – Roger Young, co-editor
Newsletter comment: I’ve never seen such cowards in the White House & State Department. They want to shift the blame on the intelligence community when Mr. Hicks in Tripoli was reporting from the start of the attack in Benghazi that it was a terrorist attack on that facility as reported to him by Ambassador Stevens.
In my opinion, the talking points were changed to give Sec. Clinton and the White House cover for their actions of cutting security at the facility, period. And they both went out before the television cameras when the bodies of our brave Americans were returned to U.S. soil and in front of the families with the caskets in the background, continued to lie to the families, the American people, and the entire world. And they continue those same lies today. This is an absolute disgrace! – Roger
Newsletter comment: From Vietnam until the present the State Dept. has not cooperated well with our military. The fall of Lima Site 85 in Laos, SOG missions compromised in Laos & Cambodia – a case can certainly be made that our inept State Dept. played a hand in those failures and lives were lost. Lessons are never learned when denial is the norm – Roger Young, co-editor
It is clear after listening to SECDEF Panetta and Gen. Dempsey today at hearings, and listening to some of the questioning of CIA candidate Brennan today before the Senate, there is NOT going to be any accountability regarding the tragedy in Benghazi. And it is equally clear that this President is incapable of leading during a crisis. – Roger Young
Newsletter closing comment: I believe it is clear that just like Fast & Furious we are never going to get the truth, nor will anyone ever be held accountable for what happened in Benghazi. And the GOP doesn’t have the stomach to ask the tough questions to uncover the truth. It was just another dog & pony show to appease the American people. – Roger Young
Newsletter comment: Perhaps if the President would answer any direct questions concerning Benghazi, except “it’s under investigation,” we could get some real answers to why four Americans died and their repeated requests for increased security before the attack were denied, and why their requests for help during the attack went unanswered.
It is clear to me that this President does not feel he is obligated to answer any questions to the American people. – Roger
Newsletter comment: Excellent questions, but the focus has/will turn to the Petraeus scandal. How convenient. Nothing like a good sex scandal to divert the mainstream press and congress from a national security fiasco in Benghazi. – Roger
Newsletter observation: We now know since this deadly attack the following:
1) Leading up to the attack, the State Department repeatedly denied official requests to increase security as recommended by the Ambassador and his security team on the ground in Libya. In fact, the State Department reduced the security prior to the attack according to earlier hearings in the House that took place following this tragedy.
2) As the attack was underway, Jennifer Griffin reported above that the CIA reportedly refused multiple requests for help by its operatives under attack at the annex. The CIA denies those reports – Roger Young
Newsletter comment: It is long past time that our President addressed the American people on this issue which claimed the lives of four American patriots. You decide if this adminstration has been playing it straight with us. – Roger Young
I’m not big on Super Pac ads, but this video from a GOP Super Pac raises very valid questions that deserve to be answered to the American people from the White House. This President has the time to go on comedy shows to talk about Libya, but somehow cannot address the American people thus far?:
Newsletter comment: The debacle in Benghazi which cost the lives of four American patriots, reminds me of a similar debacle during the Vietnam war which led to the fall of Lima Site 85 in Laos. In Benghazi there were repeated requests to the State Department by their U.S. security teams on the ground for additional personnel to guard the vulnerable Consulate at Benghazi. Those requests were denied according to recent House testimony.
At Lima Site 85, a top-secret radar installation manned by U.S. Air Force personnel disguised as civilian contractors, in early March 1968 MACV in Saigon knew the installation was in imminent danger of attack by the NVA and the U.S. Ambassador in Laos rejected MACV’s evacuation request and the site was overrun on 11 March 1968 and 11 Americans were killed.
Our State Department has many dedicated and brave Americans serving our country around the world. Unfortunately, far too often, the bureaucrats in D.C. who are career driven guided by politics call the shots from the safety of their desks which can have disastrous outcomes for those in harms way. Without personal accountability, we are likely doomed to see more such bad calls around this increasingly turbulent world. – Roger Young
“…’Based on information provided to the committee by individuals with direct knowledge of events in Libya, the attack that claimed the ambassador’s life was the latest in a long line of attacks on Western diplomats and officials in Libya in the months leading up to September 11, 2012,’ they wrote. ‘In addition, multiple U.S. federal government officials have confirmed to the committee that, prior to the September 11 attack, the U.S. mission in Libya made repeated requests for increased security in Benghazi. The mission in Libya, however, was denied these resources by officials in Washington’…”
Comment: As the author pointed out, it is unlikely that the Obama administration will take any blame for the deadly attack in Benghazi or the way this tragic event was initially “spun” by the administration and mainstream media. During Vietnam we had a media that was critical of the strategy unlike today a media that avoids asking the tough questions or holding this administration accountable for any of their decisions.
Our individual freedoms have always hinged on a free and independent press that would question power and seek the truth. Unfortunately those days appear to be behind us. Sometimes like the ’68 Tet the press got it wrong – Tet was a major defeat for the Viet Cong, not a military victory – but at least they were asking the tough questions and had every right to question the Johnson/McNamara strategy of ‘escalated response’ that would not take the war to the North or their sanctuaries in Cambodia & Laos
Colleges are enrolling veterans at record numbers in 2014 and much of that is thanks to the assistance our country gives to veterans who want to pursue an education. But returning to college after a life in the service is no easy feat. There are social and academic challenges the typical high school graduate doesn’t have to face, but there are advantages for veterans as well.
Paying for college is one of the most lucrative benefits from military service. The U.S. Department of Veterans Affairs offers the GI Bill to veterans who want to pursue a higher education. This often covers most, if not all, of their tuition. But veterans who need more aid have plenty of resources for tuition assistance. Federal Student Aid, which is part of the U.S. Department of Education, offers financial aid to veterans with significantly better interest rates and repayment plans than standard student loans. And if you choose to return to public service after graduation, those loans are eligible for forgiveness after 10-20 years.
Programs & Degrees
Veterans enter college with a specialized skill set, which can be an advantage when compared to high school graduates with no skill set. Veterans don’t just have experience that could aid in areas like criminal justice and technology, but also have leadership skills which give them a huge advantage in collaborative programs like project management. Penn Foster even offers a gunsmith program which could be perfect for veterans with exceptional experience with firearms.
But college (and the career that follows) doesn’t need ties to your military experience. Some veterans want to break ties with their time in the service and major in a creative study (English, art history, etc.) and earn a Bachelor of Arts degree. Because tuition is mostly taken care of, this is a great time to pursue alternative opportunities.
Getting thrown into the epicenter of the ultimate social experience for young adults is never easy. You’ll likely be at least four years older than every other freshman on campus. And most them who are living away from their parents for the first time won’t understand your experiences fighting overseas. There are two ways to make your social experience in college the most rewarding it can be:
1. Seek out other veterans on campus. You’re not the only one and there will be at least one campus group for you to seek and and meet new friends. The common ground shared with these fellow veterans will be a great way to create a social base when you’re just starting your first semester.
2. Don’t leave civilians out of your social circle. The college experience is about expanding your horizons and excluding your friends to fellow veterans would be robbing yourself of the opportunity to meet new people with different backgrounds and experiences from your own.
Keep an Open Mind
In college, you’ll run into two scenarios that could baffle you, annoy you and possibly even anger you — the maturity level of 18-year-old freshmen and the anti-military views that college campuses often carry. The first thing to remember is that college is not split into veterans and non-veterans. There are dozens of demographics and you should do your part to experience all of them.
There is much discussion if the United States is in decline; I for one believe we are.
What happened to the days when America built the hydroelectric dams in the Tennessee Valley Authority (TVA), the dams along the Columbia River (BPA) and Hoover dam that power many cities of our once great country and invited industry into those areas?
What happened with the vision of President Eisenhower to create an Interstate highway system that connected our country and enhanced our national security, and yet today we can’t seemingly maintain them?
What happened with the vision of President Kennedy to send Americans to the moon and back which was accomplished with Apollo 11 in 1969, but today we have no manned spaceflight capability? Today we must send our astronauts to the International Space Station and back via the Russian space agency despite our disagreements with a new, rising Russia. The technology that was a spinoff from our space program led to calculators, home computers and enhanced our way of life and staying connected today around the globe, not to mention the rapid advancement in medical treatments and diagnostics.
Yet today, our nation faces record deficits and we seem incapable of inventing or creating anything of real value. This once mighty nation of industry that served the world well in WWII now has outsourced most of our heavy industry, including steel and ship building to the lowest wage earners around the globe for the sake of global trade, but at what price? And what is the damage to our national security?
Today we have a government that has spent well over $600-million on a website for mandated healthcare that still is not functioning properly. Less than 1% of our fellow citizens serve in our military and yet we seemingly can’t afford to maintain it during these very unsettling times.
As I was growing up as a child and a young adult, I was proud of our country, what it stood for, and what we produced as a nation which greatly benefited the middle class and the entire world. The Midwest was the breadbasket of the globe.
Perhaps I was young and naïve, but years back I believe most politicians were true public servants and patriots and today we have a pack of overpaid, spoiled, entitled adolescents constantly squabbling in D.C., lying to the American people and only worried about the next election cycle and the next lobbyist who is going to pad their bank accounts to enriching their way of life. Frankly, I’ve seen more “leadership” from a PFC in Vietnam than I do today from D.C. We are rapidly approaching the point where we have a ruling class that will completely destroy the middle class and dictate every aspect of our lives.
My question is this, what has happened to our once great country and how do we reverse this downward spiral? How do we encourage younger generations to get involved and believe in our Constitution and the once American Dream instead of sitting on their behinds and watching D.C. strip our very freedoms and way of life?
In 1989, motorcyclists and Vietnam veterans James Gregory and Bill Evans set out on a two-wheeled mission across America to raise awareness about the “thousands of men and women [in the armed forces] still unaccounted for from all of our wars.” Now called Run for the Wall, the tradition continues this May and organizers expect to attract 350,000 participants who will join the cause on a 10-day ride to the Vietnam Memorial Wall in Washington DC, stopping at schools, memorial sites and Veteran’s hospitals along the way.
If you’ve been on a long road trip, you know the basics of what to expect. But this event is not your typical road trip, to say the least. For riders joining for the first time, there are some things to know before setting out on your two-wheeled, cross country journey:
Luggage rack > Backpack
Just because you can’t pack a suitcase on a motorcycle doesn’t mean you don’t have luggage options. But a backpack will never be one of them, at least not on long-distance runs. According to the experts at OpenRoadJourney backpacks to motorcyclists are “shoulder pinching, posture ruining, loud wind-flapping-ear-drum-popper at speed back attachment you wish you’d never brought.” Instead, they suggest heading to a motorcycle store to invest in a luggage rack that mounts on the back of the bike and can be used to secure a small to medium-sized duffel bag behind the rider. You should also look into purchasing saddlebags for extra storage space.
Everything you need
Safety gear is first and foremost. As a rider, you should already own leathers, gloves and a helmet (and wear them always), but when it comes to everything else, packing light is key. Guy Boutin of BamaRider.com says of packing, “Weight = drag and it will dog you the entire tour if you have too much. I only bring stuff I’m going to use, and use often.” Clothing must be kept light, but remember to prepare for inclement weather. RFTW is in May, so the chances you’ll run into a blizzard are slim, but it is highly likely you’ll get a bit of rain at some point. Water resistant gloves and boot covers are a must, as are rain jacket and pants.
The rest of your bare necessities include:
Motorcycle (you’d be surprised)
Water bottle or hydration pack
Toiletries (including toilet paper)
Emergency gear (tools, parts, oil)
Wind glasses, sunglasses
First aid supplies
Emergency contact information
Items you want to leave at the Wall
From there, the items you pack are at your discretion. If you forget something, that’s where cash comes in handy. RFTW organizers stress participants should never assume that another rider will be willing to loan gear or supplies. They came prepared, and if you didn’t, you might find yourself up Route-66 without a paddle.
Richard Evans – Motorcyclist, attorney, father
The Wall, Veteran’s Day 2000 by Ingo Haas – 3/17th Air Cav Trooper
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Today it has been reported that our president has instructed the Pentagon for a complete troop withdrawal from Afghanistan by the end of 2014. Afghanistan will go the way of Iraq in short order in my opinion. So much blood and treasure spent with nothing to show for it. Once again politics rule the day, after all there is an important election coming in November.
Also the past couple of days we have seen massive troop cuts proposed for our military to pre-WWII levels. And scrapping the A-10 Warthog which has been an excellent ground support aircraft with nothing to replace it. But the extremely costly F-35 program will continue, and all of these proposals with the blessing of the Joint Chiefs and SECDEF Hagel. All on the backs of our brave warriors that have served this nation well.
Look for the next major cuts in VA. After all, the wars are coming to an end and who needs veterans or our military – until the next threat surfaces…
But for all of those jumping up and down rejoicing on how they can divide the defense savings for their ever-expanding social programs, when the next war comes and it will, it might well require a draft to get the boots on the ground IF TIME PERMITS!
His transformation of America is right on schedule. – Roger Young, Vietnam veteran and newsletter co-editor
Returning from service overseas can be a difficult transition for veterans and their families. Private citizens, corporate entities, and government agencies may all be grateful for the service that you provided during your time in uniform, but even so, they cannot directly repay you for the opportunity costs that you face for serving the nation instead of using those years to advance yourself in the workplace and the community. Fortunately, each of these sectors have come up with ways to help you make up for time away from civilian life through incentives, discounts, and access to resources.
Without question, the Servicemen’s Readjustment Act, commonly referred to as the GI Bill, is the most well-known education benefit associated with service in the United States Armed Forces. Since 1944, the federal government has offered veterans assistance, paying for all facets of higher education. Current information on the bill is available through a dedicated section on Veteran’s Benefits Administration’s website, but here’s the key thing you need to know: According to the Association of the United States Army, the 2014 payment rates for the GI Bill mean that a full-time service member could be eligible for up to $59,000 in tuition, stipends, and other forms of financial assistance, according to AUSA.org.
As rich as the GI Bill is, it isn’t the only education-related resource available to you. The Student Veterans of America, for example, exists to “provide military veterans with the resources, support, and advocacy needed to succeed in higher education and following graduation”, as their site explains. SVA coordinates the work of student veteran groups at colleges and universities across America, and advocates for university policies that are beneficial to those who have served.
Job Hunting Services
While the federal government dedicates considerable resources to helping you transition back to civilian life by paying for training and helping you connect with potential employers, the nonprofit sector is also making its presence known in these important endeavors. Consider the work of Hire Heroes USA, a Georgia-based nonprofit that prides itself on “creating job opportunities for veterans and their spouses”, according to HireHeroesUSA.org. The organization provides resume services, training, and access to job openings reported by their corporate sponsors at no cost to veterans. Not to be outdone, the private sector is also doing it’s part to help. For example, NBC News, in conjunction with the US Chamber of Commerce, has launched Next Steps for Vets (Veterans.NBCNews.com), a web portal that will help you calculate your eligibility for educational benefits, learn the basics of launching your own small business, and connect with potential employers.
Valuable Discounts on Goods and Services
Of course, you don’t have to be headed for Harvard to benefit from your military experience. You could just be headed to your local big box store. Lowes, one of the nation’s largest home improvement retailers, recognizes your service by providing a 10% discount to active and retired military personnel, and members of their immediate families, according to their website. LifeLock, a company dedicated to protecting consumers from credit fraud and identity theft, offers a 10% veterans’ discount on its monitoring services—an attractive incentive for anyone thinking of re-enlisting or concerned about being redeployed. Your service also entitles you to reduced military rates when renting a car from Alamo; spending the day at a Disney Park; or choosing insurance through Geico or American Family Insurance. Information about military discounts is often buried deeply within company websites, so the best way to learn if a retail outlet or service provider offers incentives for active or retired military personnel is to simply ask.
In times of economic stress, your status as a veteran can open the door to emergency assistance through organizations such as the Veterans of Foreign Wars (VFW.org), USACares.org, and—for military parents—the American Legion (Legion.org). On the other hand, if things are going smoothly and you’re interested in securing your financial future through business ownership, the VA has compiled a helpful list of franchise programs tailored to veterans, featuring plenty of options to investigate.
About the author:Kirk Hansen
Kirk owns a thrift store that benefits veterans.
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Newsletter comment: America’s brave Iraq & Afghanistan vets are now asking themselves the very same questions we who fought in Vietnam have done all these many years after the fall of South Vietnam; what was it all for, why did my fellow Troopers perish, what did we actually accomplish? In the end, we fought for one another, not for some grand global cause that our politicians squandered.
It breaks my heart to see this happen again… Roger “Bear” Young, co-editor
“…A Navy veteran of Enduring Freedom, who walked the sand in Iraq, told me that he had been watching the situation ‘unfold for a while now. It’s incomprehensible to me,’ he said ‘that we lost so much there and these guys just threw it all away’…”
In the ongoing pursuit of greener and more fuel-efficient vehicle technology, General Motors has joined forces with the U.S. Army Tank Automotive Research, Development & Engineering Center (TARDEC) to develop and test new hydrogen fuel cell technology. Both GM and TARDEC will jointly test hydrogen fuel cell-related designs and materials, according to a recent press release from GM. GM’s bold move in pioneering new fuel cell technology is sure to have positive effects on the future of hydrogen-powered cars in the U.S.
An Explanation of Fuel Cell Technology
Hydrogen fuel cell technology isn’t something you’ll see in today’s new cars. However, it’s a goal that GM has pursued since it first began fuel cell testing in 1964. According to Clean Energy Patent Growth Index, the company ranked number one in total fuel cell patents filed between 2002 and 2012.
A fuel cell utilizes hydrogen fuel and oxygen from the air to produce an electrical current. An anode within the fuel cell breaks down hydrogen gas into positive hydrogen ions and negatively charged electrons. A polymer electrolyte membrane allows the positively charged ions to pass through directly to the cathode while forcing the negatively charged electrons along an external electrical circuit to the cathode, creating an electrical current. At the cathode, both the positive hydrogen ions and negatively charged electrons combine with oxygen, forming water as a byproduct. The majority of fuel cells produce less than 1.16 volts of electricity, according to the U.S. Department of Energy. As a result, multiple cells are bundled together into a stack to deliver the energy needed for an ordinary vehicle.
Hydrogen fuel cell technology is held in high regard for its ability to produce clean energy, but one of the many hurdles faced by automakers involves the expensive, complicated and potentially dangerous high-pressure storage containers needed for storing hydrogen onboard. One of the major goals shared by GM and TARDEC is to design a safe storage tank capable of standing up to the rigors of life in combat zones and everyday use in ordinary passenger vehicles.
A Joint Effort
According to the International Business Times, the U.S. Army’s interest in hydrogen fuel cell technology stems from a desire to develop more efficient ground systems in response to reductions in defense spending. Meanwhile, GM’s collaboration with TARDEC comes in response to Toyota’s efforts in developing clean vehicles. The Japanese automaker is expected to reveal a production-ready hydrogen fuel cell car in Las Vegas sometime in January, with an aim towards bringing it to market by 2015.
The collaborative effort between GM and TARDEC exists for a relatively pragmatic reason – by combining their efforts, both groups believe they’ll be able to work more efficiently and develop viable solutions quicker than with independent efforts. Both groups will conduct their research at TARDEC’s Ground Systems Power and Energy Laboratory (GSPEL) in Warren, Michigan and GM’s new Fuel Cell Development Laboratory in nearby Pontiac, Michigan.
GM’s partnership with TARDEC comes after the company’s announcement of a long-term, definitive master agreement with Honda to jointly develop next-generation fuel cell system and hydrogen storage technologies by 2020.
About the author: Daniel Sloan
Danny is an auto mechanic who specializes in hybrids and EVs. He’s married with two boys and lives on the East Coast.
Newsletter comment: Anyone that was alive that day remembers this tragedy all too well. I was in Mr. Lumley’s history class when he announced to the class that our President had been assassinated. It hit us all like a blow to the gut. Kennedy was a young, WWII hero President that inspired the youth of our country. He got us through the Cuban Missile Crisis, inspired our space program to go to the moon. He told us; “Ask not what your country can do for you, ask what you can do for your country.”
Yes, President Kennedy inspired us to believe there was nothing our country couldn’t accomplish, including civil rights, if we all worked together to strive to be a better person, a better country and ultimately a better world.
Something very tragic happened that day. Not only was our young President taken from us but looking back at our history since, a vital part of the American spirit died with him. – Roger Young, co-editor
November 19, 1863:
“Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.
“Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this.
“But, in a larger sense, we can not dedicate — we can not consecrate — we can not hallow — this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us — that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.”
For Veterans Day 2013, Auburn, WA. once again hosted the 1/2-scale size of the Vietnam Veterans Memorial at Auburn Veterans Park. Our personal thanks to all those who made this event possible. – Roger & Pam Young
Click on the images for full size photos:
Jeff McIntyre is a organizer for the events each year in Auburn!
Quilt on display in honor of the fallen War Dogs from Vietnam:
Quilt in honor of the fallen War Dogs of Vietnam
Cracker was included in the quilt:
Cracker is listed in the upper right-hand corner, 4th from the top
Rose left in honor of Cracker, KIA August 19, 1968 Scout Dog handler: Bob Himrod
More than a quarter of military families carry credit card debt over $10,000, a Finra Investor Education Foundation survey found. In addition, a third of those surveyed found it difficult to make ends meet, and half of them had no emergency savings. Active duty service members and discharged veterans face a number of factors that may case financial insecurity, but you don’t have to suffer with debt. There is help available.
Resources for Those Who Serve
Stressors of military life that can aggravate debt include loss of spousal income due to frequent moves, the inability to sell a home when the serving partner is transferred to a new base, low salaries of junior enlisted troops and the lack of employer reimbursement for military moves.
However, you and your family enjoy some debt protection while you are serving, thanks to the Servicemembers Civil Relief Act. Interest is capped at 6 percent for debt the service member incurred before going on active duty, and you can cancel a lease with no penalty. In most cases, your property can’t be foreclosed on while you are on active duty.
Discharged veterans have to resume debt payment within 30 to 90 days after discharge. After leaving the service, vets may need to find new housing, purchase a car and support their family while job hunting, on top of having to pay back old debt. Federal VA benefits may help vets obtain prescription medication, take out or refinance a home loan, receive educational scholarships, take advantage of tax credits or exemptions and receive job training. It can be hard for newly returned vets to get back on their feet, particularly when they no longer receive protection from the Servicemembers Civil Relief Act.
Like all other Americans, veterans enjoy the protection of the Fair Debt Collection Practices Act, which states that creditors cannot publish your name, threaten you with harm, repetitively telephone you in an attempt to goad you into answering the phone, or call you without identifying who they are. The Consumer Finance Protection Bureau provides free resources for veterans who are being harassed by debt collectors. These can offer you peace of mind and help you formulate a debt repayment plan.
On Your Way to Financial Health
After looking into the resources listed above, the next step is to calculate your total debt and income. This can be scary, but you will need to know how much you owe in order to achieve financial health. Make a plan for paying down bills.
You might look into selling stocks and bonds or cashing in a lump sum annuity. You won’t receive the full annuity amount if you cash in early, but if you can use the lump sum to achieve financial health, it may be worth it.
You can also work with a debt consolidator to lump all your debt into one mass amount, obtain a lower interest rate and lower your monthly payments. Reducing your interest rate fast-tracks debt repayment, because more funds go to the principal.
About the author:Roseanne Sutton is an former Army brat who’s now married to a career Marine. A stay-at-home mom to two boys, she writes about parenting for a variety of blogs.
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