Finance Friday Articles (Including Articles About Increased BAH and BAS Rates)
- 35 Signs That You Are a Bad Investor
- Basic Allowance for Subsistence Gets Biggest Boost in More Than 2 Decades
- Clipping Coupons – A Primer on Bonds and Bond Funds
- DoD Releases 2023 Basic Allowance for Housing Rates
- End of Year Financial Checklist for 2022
- Evaluation of Flexible Spending Accounts for Active-Duty Service Members
- Forced Frugality: Applying Lockdown Life Lessons to Reach FI Faster
- Historic boost in troops’ housing allowance set for 2023
- In New Year, BAH Rates Will Increase By Average of 12.1%
- Muni yields haven’t been this strong for 10 years
- The 4 Effects of a Roth Conversion
- The G Fund (Finally) Gets Its Day in the Sun
October Sailor-to-Sailor Newsletter
The October issue of the “Sailor-to-Sailor” newsletter is now available. Click the link below for news and information from your MyNavy HR that effects your career and Navy family.
The October newsletter spotlights the Navy Birthday – Celebrating 247 Years, temporary BAH increases for Sailors in certain locations, and the announcement of DMAP Phase II details. Also, the last page of the newsletter is a full page graphic about the MyNavy Uniforms app and includes links to the 2022 maternity uniform program and the recent NAVADMINS addressing uniform and grooming policy updates and management of Sailors diagnosed with PFB.
This is the link to the current issue: https://media.defense.gov/2022/Oct/20/2003099500/-1/-1/1/2210_OCTOBER_S2S_FINAL.PDF
Other stories in this month’s edition include:
– Navy Announces January’s Active and TAR E-7 Exam Details
– MyNavy Coaching Team Visits Newport
– From Fleet to the Fleet, Editorial from FLTCM Terrell
– PACT Fleet Engagement Team Visits Sailors in California
– Sailor Finds Success Coming Home to Recruit
Again, you can find the full issue for this month at the following link: https://media.defense.gov/2022/Oct/20/2003099500/-1/-1/1/2210_OCTOBER_S2S_FINAL.PDF
If you have questions or comments about the newsletter, you can reach us on our social media properties @MyNavyHR on Facebook, Twitter and Instagram to have your voices heard.
Extra housing allowance for 200K troops: Here are more details about getting the money
Here’s the Military Times article:
And here’s the NAVADMIN:
DOD Releases 2021 Basic Allowance for Housing Rates
Here’s a link to the article:
DOD Releases 2021 Basic Allowance for Housing Rates
Here’s the calculator that allows you to see the 2021 rates:
Military Times 2020 Guide to Military Benefits
Here’s a link to this on-line guide that covers Basic Pay, BAH, retirement, family support, VA loans, TRICARE, and educational benefits. It is a great resource if you have questions about how something works:
Throwback Thursday Classic Guest Post: Read Your Orders – Executing a Close Proximity Move
By Dr. G. Adam Jakubek*
I am in the process of a PCS from NH Jacksonville to Kings Bay, and noticed that my Basic Allowance for Housing (BAH) would drop significantly based on the change in duty station zip codes. The BAH rates vary depending on your duty station zip code, not your address, so you could see a dip in a few hundred dollars if your duty station changes but elect to keep your home in your prior, higher BAH rate zip code.
I’ve had colleagues PCS to close proximity duty stations and elect to not move their family and miss out on keeping their BAH at their old duty station. Some examples I’ve seen where people see a drop in BAH are PCS moves from San Diego to Camp Pendleton, or the Bethesda/National Capital Area to places like Annapolis or Baltimore where rates drop by $200-300/month.
The current order writing system authorizes funding for a household goods shipment by default if your new duty station is farther than 30 miles away from your prior duty station, but you might prefer to make the commute if it means staying in your home, keeping your kids in the same schools, etc.
My current orders have the following statement attached:
‐ MEMBERS WHO RECEIVE PCS ORDERS WHEN THEIR OLD AND NEW PERMANENT DUTY STATIONS ARE WITHIN CLOSE PROXIMITY TO EACH OTHER (BASED ON A REASONABLE COMMUTE DETERMINED BY THE GAINING CO) MAY BE ELIGIBLE TO RECEIVE A CLOSE PROXIMITY WAIVER AND RECEIVE BAH BASED ON THEIR OLD PDS LOCATION. SEE NAVADMIN 101/10 FOR WAIVER ELIGIBILITY REQUIREMENTS AND PROCEDURES. GO TO: HTTP://WWW.PUBLIC.NAVY.MIL/BUPERS‐NPC/ REFERENCE/MESSAGES/PAGES/DEFAULT.ASPX.
If you follow the instructions in the NAVADMIN, it is a relatively simple process, but the key is completing the request through your gaining command BEFORE you execute your orders. Your gaining command needs to endorse your request stating that your commute is ‘reasonable’ and you forfeit your household goods shipment, making it a no‐cost PCS move for the government.
Once you receive the signed endorsement letter from your gaining command, you forward that letter directly to your detailer. You’ll get an order modification that drops your household goods shipment funding and states that you’re authorized BAH at your prior duty station rate. Again, make sure you follow up with your detailer prior to checking out of your old command if you haven’t seen your order modification come through in NSIPS. Once you check into your new command PSD or Human Resources department with your modified orders, you’ll be locked into that BAH rate and cannot retroactively request funding for a household goods shipment if you decide to move later on in your tour.
Here are some useful templates to help you with this process:
Close Proximity Approval Letter
Close Proximity Request Letter
*The views expressed in this blog are those of the author(s) and do not necessarily reflect the official policy or position of the Department of the Navy, Department of Defense or the United States Government.