- August 13, 2023
- Posted by: legaleseblogger
- Category: Related News
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Good Afternoon,
I hope this message finds each and every one of you in good health and high spirits. I would like to take a moment to express my gratitude for all the assistance I have received in response to my previous two posts. Today, I have three significant questions pertaining to pay in the early stages of Coast Guard (CG) service, as well as the realm of investing. As someone who prioritizes the accumulation of financial wealth, I actively engage in stock market investments, real estate ventures, and certificates of deposit (CDs). In light of this, I have heard that the USCG provides support to individuals interested in pursuing these avenues. Below, I have outlined my three questions, and I kindly ask you to address any or all of them as best you can.
1. What can I anticipate in terms of pay during Basic training, particularly for someone like me who has completed a junior year of college?
2. After completing Basic training, what can I expect my pay to be like?
3. Are there any resources or tools available to aid me on my investment journey? I am aware of VA loans, but I would appreciate information on any other options.
In addition, I would like to take this opportunity to once again express my gratitude to all of you for your support and assistance.
Thank you sincerely.
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IÔÇÖll only answer the last question, your recruiter should be able to help with the others.
You should have command financial specialists at your unit. These are other CG members that volunteer for these positions. They can help you budget, walk through setting up your TSP in Direct Access, etc.
You will also have access to CGSUPRT. There you will find free tax filing with HRBlock and financial coaches.
Your legal office for the district youÔÇÖre stationed in can help with will preparation.
Coast Guard Mutual Assistance and the Coast Guard Foundation have grants for education as well as loans and other support if you need it during your service.
IMO the best benefit you should be taking advantage if is Tuition Assistance. Use this to finish up your degree and/or pursue advanced degrees while in. This is generally up to $4,500 in tuition per fiscal year and will preserve your GI Bill benefits. Seek out your Education Services Officer wherever you get stationed. Credential Assistance is also a new program in the last year and will help pay for a variety of professional credentials.