Taking Aim at Veterans’ Nest Eggs

Military veterans are frequently targeted by fraudsters, but perhaps the most insidious are self-described “veterans advocates” who take aim at retirement nest eggs. Some promise lump-sum cash payouts for veterans’ pensions and future benefits. But officials warn that those advances typically pay only pennies on the dollar of the pension’s actual worth and can carry loan shark-like interest rates (reports range up to 106 percent). Some charge hefty fees for services like filing pension or other claims or getting military …

Veterans Day and National Caregiving Month: We Salute Our Heroes

November is National Family Caregiver month — when we recognize and honor the 40 million family caregivers across this country. Family caregivers are “first responders” in the delivery of long-term services and supports (LTSS). They assist family members or friends with personal care and other vital activities to help them remain in their homes and communities. Across the United States, family caregivers identify, arrange and coordinate services and supports, administer medications, assist with personal care, and perform other vital activities …

America’s Top Consumer Complaint Is Doubled Among Military Members

It’s bad enough that everyday citizens file more complaints to the Federal Trade Commission about sleazy debt collectors than about any other consumer scam. Now, another government watchdog agency reports that military personnel are especially popular targets of collector abuse — often for debts they don’t owe. In an annual report from its Office of Servicemember Affairs, the Consumer Financial Protection Bureau found that active military personnel submit debt collector complaints at twice the rate of civilians. Ways to save, …

From Veteran to Entrepreneur With the Help of Volunteers

Alexandra Minor needed a new challenge. The West Point graduate and Army veteran with two deployments to Iraq had served honorably for five years, completed her master’s degree in business administration from Yale University and worked for a major consulting firm to the federal government. Minor, 33, enjoyed consulting but wanted to push herself more. “The best way for me to grow as a person is to be put into those uncomfortable and challenging situations,” she said. After discussions with …

Caring for Our Veterans

My Pop, who served in the Navy during World War II, was fond of sharing stories of his military years, and they always started out with the phrase, “When I was in the service of my country, fighting for mankind….” It reminded his children and grandchildren of the magnitude of the war and the sacrifice millions made. Last week, as we took time to thank and recognize veterans like Pop, I also thought about all the family caregivers who help …

8 Scams That Take Aim at Veterans

En español  | Just in time for Veterans Day, there’s a despicable new addition to a long list of scams that target veterans and their families. Scammers are calling widows of military veterans, saying the deceased had a hefty life insurance policy but payments are in arrears — and a few thousand dollars will bring the life insurance policy up to date. Whether you’re an active-duty member or a military veteran, a family member or an everyday civilian who appreciates …