Charleston Chapter – MOAA Charleston Chapter – MOAA
Charleston Chapter – MOAA Charleston Chapter – MOAA
Charleston Chapter – MOAA


Recent News:
(Published in last 30 days)


Charleston Chapter – MOAA
Date Posted:03/19/19
This Story Expires on: 09/30/19
Here's All the Government Programs that Help Vets with Jobs and Benefits

Date Posted:03/19/19
This Story Expires on: 06/30/19
Military Discounts for Major League Baseball Games

Date Posted:03/14/19
This Story Expires on: 05/31/19
Here’s the breakdown of the Pentagon’s budget request

Date Posted:03/14/19
This Story Expires on: 05/31/19
Pentagon Budget Includes Plan to Reduce Military Medical Force

Date Posted:03/14/19
This Story Expires on: 05/31/19
No more ‘luxury’ breast pumps for new moms under Tricare policy change

Date Posted:03/14/19
This Story Expires on: 06/30/19
Marine Corps Removes Tuition Assistance Restrictions

Date Posted:03/14/19
This Story Expires on: 06/30/19
If your school needs a new veterans center, Uncle Sam might chip in

Date Posted:03/12/19
This Story Expires on: 06/30/19
Update to Goose Creek VA Lab Operations

Date Posted:03/12/19
This Story Expires on: 04/30/19
Don't Fall for These Tax Prep Scams

Date Posted:03/11/19
This Story Expires on: 06/30/19
South Carolina State Veteran Benefits

Date Posted:03/11/19
This Story Expires on: 06/30/19
This 2019 Scholarship Gives MilSpouses Free Financial Counselor Accreditation

Date Posted:03/11/19
This Story Expires on: 05/31/19
Pentagon Debuts Draft Tenant Bill of Rights for Troops on Eve of Major Hearing

Date Posted:03/11/19
This Story Expires on: 06/30/19
You Joined the Military. Now, Uncle Sam Wants You to Join the Merchant Marine

Date Posted:03/08/19
This Story Expires on: 06/30/19
Veterans' health records coming to iPhone

Luncheon Meeting

Date Posted:03/07/19
This Story Expires on: 06/30/19
Veterans Receive Golden 'Tickets' Canceling Their Medical Debt

Date Posted:03/07/19
This Story Expires on: 05/31/19
Cheap Lodging for Military Families

Date Posted:03/07/19
This Story Expires on: 06/30/19
Retirees, Civilians, Want to Live in Base Housing? Yes, You Can!

Date Posted:03/07/19
This Story Expires on: 06/30/19
Will the VA Pay for Your Funeral? The Answer May Surprise You

Date Posted:03/07/19
This Story Expires on: 04/10/19
Purple Heart Recipients to Get Claims Priority Starting April 1

Date Posted:02/19/19
This Story Expires on: 04/30/19
Task Force Backs Controversial Merger of Base Store Systems

Date Posted:02/19/19
This Story Expires on: 05/31/19
Transition A Mobile App for Military Transition Planning

Date Posted:02/17/19
This Story Expires on: 04/30/19
VA to Roll Out New Claims Appeals Process Next Week

Date Posted:02/17/19
This Story Expires on: 03/31/19
Remember the rules for SBP coverage

Date Posted:02/13/19
This Story Expires on: 07/31/19
No experience? No problem! Vets can jump start careers in IT with this new, free program

Date Posted:02/12/19
This Story Expires on: 04/30/19
Apple will let military veterans access their health records on the iPhone

Date Posted:02/06/19
This Story Expires on: 04/28/19
6 Steps for Making It as a Career Minded Military Spouse

Date Posted:02/03/19
This Story Expires on: 04/16/19
Here's What the New Military Spouses Residency Rules Mean

Date Posted:02/03/19
This Story Expires on: 04/16/19
Tax Code Changes Could Mean Bigger Returns for Service Members, Families

Date Posted:01/27/19
This Story Expires on: 03/31/19
Traveling Vietnam War Exhibit

Date Posted:01/23/19
This Story Expires on: 03/31/19
Civilian Life 101: Here’s what you need to know before you take off that uniform

Date Posted:01/20/19
This Story Expires on: 04/16/19
Free and Discounted Tax Preparation for Military

Date Posted:01/20/19
This Story Expires on: 03/31/19
Use This 37 Point Checklist to Evaluate a Retirement Community

Date Posted:12/28/18
This Story Expires on: 03/31/19
How to Get Free Supplies to Ship Care Packages

Date Posted:12/17/18
This Story Expires on: 03/31/19
Major Veterans Legislation Winding Through Congress

Date Posted:12/13/18
This Story Expires on: 03/31/19
5 Things Vets Should Never Do at Job Interviews

Date Posted:12/11/18
This Story Expires on: 04/30/19
Free and Discounted Tax Preparation for Military

Date Posted:12/10/18
This Story Expires on: 03/31/19
VA Makes It Easier to Share Your Health Information with Private Doctors

Date Posted:12/10/18
This Story Expires on: 03/31/19
Marine Corps General James Conway and Master Sergeant Blaine Scott. (Photo: Ho Lin, Military.com)

Date Posted:11/21/18
This Story Expires on: 04/30/19
Transitioning to Civilian Life: Navigating the Financial ShiftNo matter why you're leaving the military, a big part of preparing for your civilian lif

Date Posted:05/05/18
This Story Expires on: 09/30/19
Take the VA's New RAMP to a Faster Appeal Decision

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Share Financial Information with Your Spouse Now to Avoid Problems Later
Posted on: 05/31/18
This Story Expires on: 12/31/18




It’s common for couples to share their financial lives but not the responsibility for managing household finances. It might be time-consuming for both of you to review your bills, as well as spending and savings plans each month. But if responsibilities unexpectedly shift due to a sudden illness or loss of a spouse, getting up to speed quickly could be challenging for the person least familiar with handling the family finances. Without the help of the person who has always handled the money, the one left in charge will face major headaches. 

Grab your partner now and get started sharing your family financial picture to better prepare for the future. 

We have six questions you and your spouse can answer together. The questions will help you figure out how prepared each of you is to handle family finances.

1. Do you know your family’s bank, credit union, and other account numbers and how to access those accounts? Include any safe deposit box, retirement accounts, pensions, etc. 

2. Do you know about all property and investments your family owns? Do you know whether you and your spouse are co or joint accountholders, and the names of beneficiaries? 

3. Do you know what money is coming in to your household? Including where it’s deposited? For example, where paychecks are deposited?

4. Do you know what payments your household is making? Think about: 

  • Mortgage or rent
  • Auto loan payments
  • Utility bills
  • Credit cards
  • Student loan payments
  • Cell phone
  • Property taxes
  • Insurance
  • And more!

5. Do you know when bills are due and how they are typically paid? Are they paid online, by automatic debits, by mail, etc.?

6. Do you and your spouse have a will, powers of attorney, and similar legal documents? Do you know where they are? Are they current?

Once you’re aware of the gaps in your or your spouse’s knowledge, you can work together to get on the same page. 

Get started in a few steps

  • Schedule time for you and your spouse to go over your financial picture. Start by taking an inventory of your family finances: income, expenses, debt, and investments, if any. It’s good to get in the habit of sharing this every so often as your financial picture changes or so it stays fresh in your mind. 
  • Maintain a list of account information and store it in a secure location. Make sure you both have access to online accounts. Create a list that includes account numbers, usernames, security questions, and passwords. There are many options available for securely saving the list digitally or printing it and storing it in a locked fireproof box. Remember to tell your spouse how to access the file and update it when necessary.
  • Have a plan. Make sure to plan for what will happen and who will manage your finances if one or both of you become ill or die unexpectedly. Consider creating a durable power of attorney so you will have someone in place to pay your bills or make financial decisions if you can no longer do it on your own 

 

Losing your spouse is challenging on its own, and that stress multiplies if you find you are in the dark about your family finances. It’s worth taking time now to make sure you both will be equally prepared for the future. Download a printer-friendly version of this information  to share with friends or clients.

Consumer Financial Protection Bureau.



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Charleston Chapter – MOAA
Charleston Chapter – MOAA

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