P E R S O N A L F I N A N C I A L M A N A G E M E N T P R O G R A M Financial Planning for Deployment

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T2 “To Do” List Legal Considerations Legal Considerations Financial Planning Financial Planning Paying Bills Paying Bills Using Credit Using Credit Housing Housing Vehicles Vehicles Taxes Taxes Communication Communication Financial Emergencies Financial Emergencies Financial Planning for Deployment Checklist” Handout

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T3 Deployment Planning Increases Spending Power Increases Spending Power Eliminates Stress Eliminates Stress Prepares You for the Future Prepares You for the Future

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T4 Important Documents Powers of Attorney – General – Specific – Medical Wills Wills Next-of-Kin Designation - Page 2 Next-of-Kin Designation - Page 2 DEERS and ID Cards DEERS and ID Cards SGLI and TSP Beneficiaries SGLI and TSP Beneficiaries

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T5 Servicemembers Civil Relief Act Stays Court Hearings Stays Court Hearings May Reduce Pre-service Loans to 6% May Reduce Pre-service Loans to 6% Requires Court Action Prior to Eviction Requires Court Action Prior to Eviction Allows Termination of Leases Allows Termination of Leases Lets Sailor Maintain State of Residence Lets Sailor Maintain State of Residence

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T6 Managing Finances - Tools Create a Spending Plan or Budget Create a Spending Plan or Budget Factor in Pay Changes Factor in Pay Changes Be Realistic (It’s ok to have fun!) Be Realistic (It’s ok to have fun!) Plan for the Unexpected Plan for the Unexpected Save Save Combat Overspending Combat Overspending Avoid the Pitfalls Avoid the Pitfalls

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T7 Financial Management Tools Allotments Allotments Split Pay Split Pay The Navy Cash Card The Navy Cash Card Online Banking Online Banking

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T8 Credit Management During Deployment Credit Reports Credit Reports – Good Time to Establish Credit Good Time to Establish Credit Credit Use Credit Use

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T9 Taxes Need IRS Form 2848 and POA to File Joint Tax Return Need IRS Form 2848 and POA to File Joint Tax Return Automatic 60-Day Extension Automatic 60-Day Extension File IRS Form 4868 for Four-Month Extension File IRS Form 4868 for Four-Month Extension 180-Day Automatic Extension if in a Combat Zone 180-Day Automatic Extension if in a Combat Zone

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T10 Property Management During Deployment House/Apartment House/Apartment – If sharing, ensure all names are on lease and utilities – Make payment arrangements – If subletting, run credit check on potential tenants – Arrange routine maintenance and lawn care – Insure home contents at replacement costs

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T11 Vehicles Keep insurance, tags and inspection stickers current Keep insurance, tags and inspection stickers current You may be able to reduce insurance if vehicle is in storage You may be able to reduce insurance if vehicle is in storage Research storage options Research storage options Discuss maintenance and repair cost responsibilities Discuss maintenance and repair cost responsibilities

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T12 Communication Communication Phone Cards Phone Cards Pier-side Phone Banks Pier-side Phone Banks Cell Phones Cell Phones Hotel Room Phones Hotel Room Phones Regular Mail Regular Mail Emergency Communication Emergency Communication

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T13 Sources of Help Personal Emergency Fund Personal Emergency Fund Navy-Marine Corps Relief Society Navy-Marine Corps Relief Society American Red Cross American Red Cross Fleet and Family Support Center Fleet and Family Support Center Command Financial Specialist Command Financial Specialist Command Ombudsman Command Ombudsman I/A

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T14 Individual Augmentees (IA) Expeditionary Combat Readiness Center Expeditionary Combat Readiness Center Government Travel Charge Card Government Travel Charge Card Advance Per Diem Advance Per Diem Pay and Personnel Support Pay and Personnel Support Entitlements Entitlements Saving Deposit Program Saving Deposit Program Travel Claims Travel Claims Reimbursement of Miscellaneous Expenses Reimbursement of Miscellaneous Expenses

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T15 IA - Expeditionary Combat Readiness Center (ECRC) Resource for IA Sailors and their families Resource for IA Sailors and their families – Pay and personnel, entitlements, equipping, training, certification, deployment

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T16 IA - Government Travel Charge Card (GTTC) Directed for use in execution of IA orders Directed for use in execution of IA orders IA Sailors are eligible for “ Mission Critical ” status, beneficial because: IA Sailors are eligible for “ Mission Critical ” status, beneficial because: – No delinquency notices are mailed for up to 120 days – Late fees are reimbursable at a $29 monthly flat rate – Card cannot be suspended or cancelled due to delinquency, up to 120 days

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T17 IA - Government Travel Charge Card (GTTC) GTCC account payment is the IA ’ s responsibility GTCC account payment is the IA ’ s responsibility Funds directly paid to GTCC account only if a specific amount for payment is written on your travel claim Funds directly paid to GTCC account only if a specific amount for payment is written on your travel claim If GTCC account overpaid, contact Bank of America to initiate refund If GTCC account overpaid, contact Bank of America to initiate refund GTCC delinquency WILL NOT impact personal credit until after 210 days of account delinquency GTCC delinquency WILL NOT impact personal credit until after 210 days of account delinquency

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T18 IA - Advance Per Diem If GTCC not issued prior to departure, advance per diem for lodging and meals is payable for the period of processing If GTCC not issued prior to departure, advance per diem for lodging and meals is payable for the period of processing Requirements for advance per diem is processed as needed by ECRC Requirements for advance per diem is processed as needed by ECRC Reporting directly to a training site, no advance is required as meals and lodging are provided Reporting directly to a training site, no advance is required as meals and lodging are provided

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T19 IA - Pay and Personnel Support “IA Pay and Personnel Support Handout”

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T20 Savings Deposit Program Available to those serving in designated combat zones Available to those serving in designated combat zones Deposit unallotted pay into DoD savings account Deposit unallotted pay into DoD savings account Up to $10,000 during a single deployment Up to $10,000 during a single deployment Interest compounds quarterly at 10% Interest compounds quarterly at 10% Interest accrued is taxable Interest accrued is taxable

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T21 IA - Entitlements “IA Entitlements” handout

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T22 IA – Travel Claims Must be filed with the assistance of ECRC or NECC NAVCENT DET Admin Personnel Must be filed with the assistance of ECRC or NECC NAVCENT DET Admin Personnel Submitted for expenses related to and authorized by IA orders as: Submitted for expenses related to and authorized by IA orders as: – Initial – parent command or home to training – Incidental expense (IE) – monthly “ field per diem ” – Final – redeployment to parent command or home – You submit directly to ECRC. Processed within 25 days of receipt Processed within 25 days of receipt If not ultimately assigned to a combat zone, submit all travel claims to the personnel office that services your IA assigned command If not ultimately assigned to a combat zone, submit all travel claims to the personnel office that services your IA assigned command

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T23 IA – Travel Claim Tips Receipts required Receipts required Government meal and lodging rate is paid unless orders specifically endorsed not available Government meal and lodging rate is paid unless orders specifically endorsed not available Transportation and lodging reservations must be secured through NAVY SATO to ensure full reimbursement Transportation and lodging reservations must be secured through NAVY SATO to ensure full reimbursement – submit to your parent command or NOSC

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T24 IA – Travel Claim Tips Passport fees not reimbursable unless authorized by orders Passport fees not reimbursable unless authorized by orders ATM fees are not reimbursable for times when transportation and lodging are not being claimed ATM fees are not reimbursable for times when transportation and lodging are not being claimed Government credit card late and expedite fees are reimbursable items Government credit card late and expedite fees are reimbursable items If travel claim is under or overpaid, a supplemental claim must be submitted to initiate corrective action If travel claim is under or overpaid, a supplemental claim must be submitted to initiate corrective action

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T25 IA - Miscellaneous Expenses Submitted to Navy Personnel Command (NPC) Submitted to Navy Personnel Command (NPC) – Submit receipts via Standard Form (SF) 1164 – Use DD Form 2902 to claim reimbursement for any privately-purchased protective, safety and health equipment used in combat. Again, receipts are required. Examples: Name Tapes, Rank Insignias Examples: Name Tapes, Rank Insignias Not included: PT gear Not included: PT gear

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T26 Summary Important Documents Important Documents Managing Finances Managing Finances Protecting Property Protecting Property Low Cost Communication Low Cost Communication Sources of Help Sources of Help Individual Augmentees Individual Augmentees

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T27 Good Luck! Complete your Checklist Complete your Checklist Have a safe and prosperous deployment! Have a safe and prosperous deployment!

F I N A N C I A L P L A N N I N G F O R D E P L O Y M E N T28 Print your Certificate Click on the following link to add your name to the certificate and print it: Financial Planning for Deployment