Financial Planners

By Henry Clark

When somebody has done something good, it is right to provide him or her some rewards. For all the hardships and continuous service to the community, a worker is entitled to all the required benefits in exchange for all the services that he or she has done.

It is for this reason that retirement benefits are extremely important. It is solely the best gratification one could ever have after so many years of working hard.

In the military, people who work for the government and for their respective community should likewise be entitled to receive the benefits that are due for them.

Basically, military retirement is available in three remuneration plans. These plans were authorized by the Congress, which are entitled for every military personnel who have rendered the needed services to the government and to the whole country as well.

Military retirement plans are unique on its basic concept inclusive of the service dates, in which the amount of retirement benefits will be based from.

These military retirement benefits involve the primary service dates that provides the DIEMS or the Date of Initial Entry into Military Service and the service date as stipulated in the Title 10, Section 1405 of the United States Code.

For a complete understanding of the benefits in military retirement, here is a list of the three remuneration plans.

1. DIEMS before September 8, 1980

For military personnel whose DIEMS is before September 8, 1980, the military retirement benefit is based on the product of the military personnels monthly income and the 2 % of the concerned personnels years of service.

This plan is known as the present military retirement plan.

2. DIEMS between September 8, 1980 and July 31, 1986

Any military personnel whose service dates falls between September 8, 1980 and July 31, 1986, the expected retirement pay is the product of the 2 % of the personnels years of service and the average of a personnels highest 36 months of the basic take-home pay based on the days of active duty.

This military retirement plan is known as the High 36/50 Percent Plan.

3. DIEMS on or after August 1, 1986

Any military personnel whose DIEMS is on or after August 1, 1986, the amount of the expected retirement benefit is the product of 2 % of the personnels years of service, but less than 1% for every year of service that is below 30 years, and the average of the personnels maximum income on a 36-month remuneration.

This plan is called High 36/40 Percent Plan.

Indeed, any of these three plans will definitely give the military people enough financial aid by the time they retired from service.

About the Author: Henry Clark can show you how to make the most of your retirement years. Visit his website and learn more

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By Carl Hampton

It now seems almost impossible to turn on the TV or open a newspaper any more without seeing another advert for some credit repair service. My email box is overloaded with subject titles like Credit problems? No problem! or We can erase your bad credit 100% guaranteed.. This must be a great business to be in, some of these companies are now using telemarketers to offer their services. They all seem to make the same misleading claims, Create a new credit identity legally. or We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!

Dont for one moment believe these misleading statements they are nothing more than a scam, lies designed to get their hands on your hard earned money. These companies appeal to anyone who has a poor or bad credit history. They will often promise, for a fee of course, to clean up your credit report. This will then allow you to get that car loan you wanted or that mortgage you were turned down for, maybe you need a higer score to secure a job. The real truth is, most of them cant or won’t deliver what they promise you. Once you have paid them hundreds or sometimes even thousands of dollars in fees these companies normally do nothing to improve your credit score what so ever. Some will simply just vanish with your money. There really is only one way to clean up your credit report and that takes time, a conscious effort on your part and a personal debt repayment plan that will improve your credit score over time.

Here are some warning signs to look out for should you decide that you would rather use the services of a credit repair company rather than do the work yourself. Stay away from companies that fail do tell you your legal rights, they must by law tell you what you can do for yourself for free. A big red flag to watch for are companies that recommend that you do not contact a credit reporting company directly. Do not give your money to any company that suggest you try to invent a new credit identity, with a new credit report by applying for an Employer Identification Number to use instead of your Social Security number.

Please keep in mind you could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information. It is a federal crime to lie or give misleading information on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses.

The Truth, The Whole Truth and Nothing But The Truth

It is not possible to legally remove any negative information from your credit report that is accurate. The Fair Credit Reporting Act (FCRA) does allow you to ask for an investigation of any information listed on your credit report file that you dispute as inaccurate or incomplete. There is no charge to you for this service. Everything a credit repair clinic or service could do for you legally, you can with alittle time and effort do for yourself at little or no cost.

According to the Fair Credit Reporting Act (FCRA), You are entitled to a free credit report if a company takes adverse action against you, like denying your application for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the action. The notice will give you the name, address, and phone number of the consumer reporting company.

You are now also entitled under the Fair Credit Reporting Act (FCRA) to one free credit report from each of the consumer reporting companies, Equifax, Experian, and TransUnionreport once a year, the year runs from September to end of August. You will also receive an updated report every time to submit a change to your report or ask for an item to be investigated, giving you the results of the investigation. The free credit reports will list all of the items shown on your credit report but will not come with your credit scores, these you are required under the Act to pay for, normally around $5.00 from each provider.

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CarlHampton.com

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iNeedCreditNow.com

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