By Coral Owen, M.S. The well-being of families in the military is essential to the Department of Defense (DoD) and its goals for service readiness (National Academies of Sciences, Engineering, and Medicine, 2019). Historically, DoD programs and resources were designed for the service member, but research shows that family-related factors…
In December 2022, OneOp held its eighth annual webinar to review noteworthy personal finance events. Among the topics discussed were high inflation, Federal Reserve interest rate hikes, increased mortgage interest rates and car prices, Series I U.S. savings bonds, and stock market volatility. The webinar also described the following military-specific financial events that occurred in 2022:
Personal finance research informs high-quality financial education briefings, publications, and 1:1 financial counseling sessions with clients. Below are findings and implications for practice from three recent studies:
Each year, many families create resolutions to introduce healthy habits into their lives. These habits often include goals around physical activity, nutrition, and self-care. Incorporating health and wellness practices can help reduce the stress that military families experience throughout the year. By getting the whole family involved, self-care becomes embedded into the fabric of the family’s routine and can promote long-lasting wellness.
The winter holidays are just around the corner, and many of us are preparing to make our favorite holiday dishes. As you plan your menu, keep in mind all the creative and delicious ways you can increase the nutritional value of your meals.
Whether you have been a financial practitioner for decades or are fairly new to the field, there are always things to learn about effective financial education. Below are insights for service providers working with military families:
The holiday season in the U.S. is typically a time of being thankful, spreading joy, and spending time with our loved ones. We often think of the holidays as a happy time, but for many, the holidays can bring on tough emotions of sadness, separation, and loneliness.
Reflection is an important part of learning about and developing our practice as professionals, but looking inward is not always easy to do.
December is “crunch time” to complete actions for the current tax year (2022) to reduce income taxes and plan ahead for next year (2023). Military families, like all taxpayers, have a number of tax planning strategies at their disposal. Below are five tax topics that Personal Financial Managers may want to discuss with clients: