Military Saves Blog
Tips, advice, and the latest news from the savings world.
By FINRA Investor Education Foundation Staff
Sometimes military families unintentionally invest in real estate. You purchase a home at one duty station, and then receive unexpected PCS orders to another duty station beyond commuting distance of their current home. You may not have time to sell your property, or may determine that the housing market has declined, and it’s not the right time to sell. Congratulations, you are now an “inadvertent landlord!"
Alecia D. Blair, Military Saves Communications Project Manager, AFC® Candidate, FINRA Foundation Fellow
If service life, with frequent PCS moves, has you steering clear of the longer-term commitments and costs of purchasing a home, doing so doesn’t mean you have to be sidelined from building wealth. You can build wealth in other ways that give you the financial flexibility to go where the military moves you. Here are some wealth-building tips for your rucksack.
From the America Saves blog press release
Over 100,000 new wealth building accounts opened as part of America and Military Saves Week.
By Meghan Gardner, AFC®, FFC™ Candidate
A house is most likely the largest purchase you will ever make. Whether you are buying a home to be the perfect space for your family until your next PCS or the perfect forever space after retirement, a home purchase can be exciting yet stressful. There are a few things that you can do to help take some of the stress away from your move and prepare yourself to buy your new home.
By Janelle Lucero at BBB of San Diego, Orange and Imperial Counties
Unlike civilians who have a permanent residence in a given city, military servicemembers must consider deployment orders and need to weigh whether they should rent or purchase a home. While many servicemembers chose to rent, many others decide to invest in real estate instead.