Paying for a Child’s College Expenses

Paying for a Child’s College Expenses

Where do I start? Each situation is different, but there are some general guidelines and concepts that need to be understood as your family prepares to send your children to college.  Ideally, if you had saved for college regularly from the time your child was an...
What Are the Basic Financial Concepts?

What Are the Basic Financial Concepts?

The world of finances can be confusing.  There are many terms and calculations.  Here are five concepts that are basic to financial planning. What is a compound interest? When money is invested and earns interest, the initial value will multiply due to the...
Finance Friday: What Is a Trust?

Finance Friday: What Is a Trust?

Most people are familiar with how to traditionally own and title property – an account may be in your name alone or in joint name with a spouse.  Your home may be held in “joint tenants with rights of survivorship”. A trust is simply a form of property ownership,...
Financial Help for Active Duty Members

Financial Help for Active Duty Members

Since 1879, AAFMAA has stood with our active duty service members, and has helped them look out for their families.  We recognize that our active duty Soldiers, Airman, Marines and Sailors have sacrificed dearly to serve our country and continue to serve during...
Finance Friday: Whole Life or Term Insurance?

Finance Friday: Whole Life or Term Insurance?

When making a decision on life insurance, you want coverage that fits your needs and your income.  You also want the protection from a reliable company, one that has a long history of dependable service to the military community. There are two basic types of life...

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