Security Clearance / Foreign Assets

He will need his Secret clearance for Army IERW. Some Army Aviation jobs will rate a TS, but not all. If he needs a TS, it will happen.
 
Pima said:
I have to ask how will you deal with health insurance?

DS even in college will be dropped from our dental plan by the end of Feb.

This was a huge fear for Bullet and I, luckily since he will report within days of graduation it will not be an issue. He graduates the 21st, must report AD the 30th.

Our insurance, states up to 23, registered in college. Graduating would take him off our insurance while he waited to go AD.

Are you concerned about health insurance?

I am only pursuing this conversation so parents of candidates/cadets/mids understand when you graduate you have a degree, you have a job, but you may not start that job for months.

Bullet graduated AFROTC in May 87. He was not AD until March 88. No health insurance, no pay check, nothing.
Click to expand...

My wife has looked at our health insurance and as far as what is stated dependents can now stay on the parents health care policy through age 26 according to the new Federal Health Care Laws.

I would sure hope he reports before then.:eek:
 
Jcleppe said:
My wife has looked at our health insurance and as far as what is stated dependents can now stay on the parents health care policy through age 26 according to the new Federal Health Care Laws.

I would sure hope he reports before then.:eek:
Click to expand...

ROTFLOL! :biggrin:
 
thread revival:

EDelahanty said:
Seeing as how Cadet Delahanty's room and board qualifies as taxable income, I'm thinking of starting an IRA for him (probably a Roth once I figure out how it works).
Click to expand...

I liked the idea of talking to my son about starting an IRA. As I looked into it, I found this:
As long as your child has earned income with which to open the Roth IRA account, and as long as he or she falls under the adjusted-gross-income (AGI) limitations, then he or she can make an IRA contribution regardless of age. The key is having earned income, such as from working a job. See
http://www.fool.com/personal-finance/taxes/2008/01/09/top-10-roth-ira-questions.aspx

Would the room and board qualify as "earned income"..."earned" and "taxable" are non synonomous
 
Hmmmm... Makes me wonder if the stipend counts as earned income? I somehow doubt it but haven't researched it.
 
It does not. However, if they do a TDY, that will count as income.

The way to determine it is how they call the money. We may all call it a stipend, but the military calls it an allowance. Anything with the word allowance is not taxable.
 
You must log in or register to reply here.
Back
Top