2014 March

students
2

Plan Ahead to get the Best Education for Your Money

Forbes magazine contributor Tim Maurer acknowledges that the rising cost of a college education has reached a crisis point. He points out that the cost of education has risen at approximately 2½ times the rate of inflation since 1985. That’s all the more reason to be sure you’re thinking ahead and have a policy and plan for funding your child’s education. Maurer suggests the following steps for maximizing the college experience while minimizing costs.

  • Be honest with yourself and your kids about what you can afford.
  • Decide if and how much you’re willing to pay.
  • Develop a family education policy
  • Fund your education policy with an appropriate savings plan

Maurer offers recommendations for specific vehicles and provides insight for planning and funding your child’s education. For the full article visit

http://www.forbes.com/sites/timmaurer/2014/03/13/survey-shows-students-are-dumping-top-colleges-due-to-high-cost/

JRTC 14-03
3

Proposed Federal Budget Would Burden Military Families with Higher Food, Housing and Healthcare Costs

The average U.S. Army sergeant stands to lose up to $5,000 in annual benefits under Obama’s proposed 2015 budget, according to analysis by the Military Officers Association of America (MOAA). Reductions in commissary subsidies, increased military housing costs, and a one percent annual cap on military pay increases combine to place a real financial burden on America’s military families. A separate proposal out of the Pentagon suggests changes to the military retirement benefits, further compounding the problem. MOAA is concerned the cuts will force active duty service members to leave the military and may result in fewer recruits overall.

To read the full story from Washington Times, visit http://www.washingtontimes.com/news/2014/mar/12/military-families-would-take-a-5000-hit-in-benefit/?utm_source=RSS_Feed&utm_medium=RSS