Fort Drum Financial Readiness

Fort Drum Financial Readiness Financial Planning & Consumer Affairs Services - Personal Financial Planning and Consumer Affairs Services are offered to help Soldiers and their Families
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Social Security Payroll Tax Deferral:Military Members - Effective for the September mid-month pay, DFAS will temporarily...
09/07/2020
Defense Finance and Accounting Service > taxes > Social Security Deferral > Military FAQs

Social Security Payroll Tax Deferral:
Military Members - Effective for the September mid-month pay, DFAS will temporarily defer the withholding of your 6.2% Social Security tax if your monthly rate of basic pay is less than $8,666.66. If your monthly rate of basic pay is at or above this threshold, your social security tax withholding will not be affected by the temporary deferral. Military members can use their August or prior LES as a good reference for their typical Social Security tax amount. The Social Security tax is labeled as “FICA-SOC SECURITY” on the LES and is calculated as 6.2% of basic pay.

Civilian Employees - Effective pay period ending September 12, 2020, DFAS will temporarily defer your 6.2% OASDI tax withholding if your wages, subject to OASDI are $4,000 or less in any given pay period. Employees can use the “Taxable Wages” on the LES as a good reference for whether they will have OASDI tax deferred.
The OASDI deduction is found on your LES under the deductions tab/section.

Military members are not eligible to opt-out of the deferral if their Social Security wages fall within the stated limits. The deferral will happen automatically.

Civilian employees are not eligible to opt-out of the deferral if their Social Security wages fall within the stated limits. The deferral will happen automatically.

Per IRS guidance, collection of the deferred taxes will be taken from your wages between January 1 and April 30, 2021 for both military members and civilian employees. Additional information on the collection process will be provided in the future.

Click here for frequently asked questions:
https://www.dfas.mil/taxes/Social-Security-Deferral/Military-FAQs/

https://www.dfas.mil/taxes/Social-Security-Deferral/

The official website of the Defense Finance Accounting Service (DFAS)

Would you be ready if a disaster hit? Take a look at these helpful tips in Financial Preparedness.Cornell Cooperative Ex...
09/04/2020
Financial Preparedness | Ready.gov

Would you be ready if a disaster hit? Take a look at these helpful tips in Financial Preparedness.
Cornell Cooperative Extension of Jefferson County Fort Drum Army Community Service Fort Drum Army Substance Abuse Program - ASAP Fort Drum Soldier and Family Assistance Center
https://www.ready.gov/financial-preparedness…

Financial Preparedness Tips Americans at all income levels have experienced the challenges of rebuilding their lives after a disaster or other emergency. In these stressful times, having access to personal financial, insurance, medical and other records is crucial for starting the recovery process q...

Urban Mission Back to School Backpack Distribution starts tomorrow. Be sure to register online or call to get yourself o...
09/02/2020

Urban Mission Back to School Backpack Distribution starts tomorrow. Be sure to register online or call to get yourself on their list for pickup.
Cornell Cooperative Extension of Jefferson County Fort Drum Army Community Service Fort Drum Army Substance Abuse Program - ASAP Fort Drum Family Advocacy Program Fort Drum Soldier and Family Assistance Center

09/01/2020
Military Touchpoint Series: Updating a Spending Plan

A spending plan a roadmap to a successful financial future.
When was the last time you updated your spending plan?
Contact your local Fort Drum Financial Readiness experts if you need assistance at 315-772-2919/0050

You may be tempted to hit cruise control on your finances once you have established your goals and created a spending plan to achieve them. But think of your...

Welcome to another edition of Mountain Money Matters.  Our team is dedicating to providing up-to-date financial informat...
08/31/2020

Welcome to another edition of Mountain Money Matters. Our team is dedicating to providing up-to-date financial information and financial planning advice:

This week we will focus on:
Back to School Money Talk
Emergency Savings: How Much Is Too Much?
5 Retirement Planning Mistakes to Avoid During COVID-19
Military Saves: Quick Tip
How Do I Report My New Address to TSP?
FRP/AER Move Reminder
New York State Unemployment Update

Please share this email throughout the community.

Please remember, we are available for financial counseling by appointment at our new location inside the Family Resource Center located at 11042 Mount Belvedere Boulevard by calling 315-772-2919.
Cornell Cooperative Extension of Jefferson County U.S. Army Fort Drum & 10th Mountain Division Fort Drum Army Substance Abuse Program - ASAP Fort Drum Army Community Service

08/31/2020
It's never too early to start talking to your children about money. Here are some age appropriate teachable moments to i...
08/28/2020

It's never too early to start talking to your children about money. Here are some age appropriate teachable moments to incorporate in you everyday routine.

As parents, we have a unique responsibility to pass down financial wisdom to our children. Kids don’t inherently know wh...
08/27/2020

As parents, we have a unique responsibility to pass down financial wisdom to our children. Kids don’t inherently know what money is or how to handle it when they are young. They certainly won’t care about saving any of it.
Click on the link below to read this short article filled with helpful tips on how to "Teach Your Kids to Be Super Savers"
https://www.dailydollarfinances.com/teach-your-kids-to-be-super-savers/

School is just around the corner. Make sure you check your back to school list and check it twice!
08/26/2020

School is just around the corner. Make sure you check your back to school list and check it twice!

08/25/2020
August is #GetReadyForKindergartenMonthHISTORY:The concept of kindergarten began in the late 18th and early 19th centuri...
08/24/2020

August is #GetReadyForKindergartenMonth
HISTORY:
The concept of kindergarten began in the late 18th and early 19th centuries in Bavaria and Strasbourg, on the French-German border. Elizabeth Peabody founded the first English-speaking kindergarten in the U.S. In 1860. Author, Katie Davis, created Get Ready For Kindergarten Month in 2005.
HOW TO OBSERVE:
You can also help your child better prepare for kindergarten by assisting them to memorize basic information, such as correct spelling of the name, address, and phone number. If your child is receptive, think about teaching the basic of letters and numbers beforehand. Work with them on developing some degree of nimbleness, as well as some basic physical activities, such as tying shoes.
Helping your child get excited for the transition of kindergarten is an important step you can take together. Plan a visit to the classroom with your child to meet the teacher and see the facility. Get your child a full medical check-up, including eyes and ears. Set up a breakfast and bedtime routine at least a month in advance. Get necessary school supplies. Ask your child’s teacher for a list. Let your child choose colors and styles.

https://nationaldaycalendar.com/get-ready-for-kindergarten-month-august/

August is #RomanceAwarenessMonthFebruary isn’t the only romantic month on the calendar.  Check your relationship’s pulse...
08/21/2020

August is #RomanceAwarenessMonth
February isn’t the only romantic month on the calendar. Check your relationship’s pulse during Romance Awareness in August. If it needs a jump start, there are lots of ways to put some spark back into the relationship.
HISTORY:
Celebrate Romance founder, Eileen Buchheim, created Romance Awareness Month to encourage couples to improve their relationships through romance all year long.
HOW TO OBSERVE:
Being aware of and adding more romance into your relationship will be a win-win for both you and your significant other. Passion has always been an essential part of relationships. Sometimes it is the little things that make a big difference, such as; holding hands, a shoulder rub, a flower, making dinner together, playing your favorite song, leaving a personal note, or watching a movie together.

https://nationaldaycalendar.com/romance-awareness-month-august/

August is #WellnessMonthNational Wellness Month focuses on self-care, managing stress and promoting healthy routines. Cr...
08/20/2020

August is #WellnessMonth
National Wellness Month focuses on self-care, managing stress and promoting healthy routines. Create wholesome habits in your lifestyle all month long and see how much better you feel!
There are numerous ways to make those small changes, too.
• Increase your water intake.
• Add more fruits and veggies to your meals.
• Monitor your sleep and make adjustments for better sleep habits
• Join a yoga, walking, or aerobics class.
• Learn to meditate.

https://nationaldaycalendar.com/national-wellness-month-august/

August is #NationalBackToSchoolMonthHISTORY:National Back to School Month has been observed since the 1960s.The school y...
08/19/2020

August is #NationalBackToSchoolMonth
HISTORY:
National Back to School Month has been observed since the 1960s.
The school year has traditionally begun in the fall and ended in late spring allowing the children of farmers in our agricultural society to help with planting and harvesting. Though today most families have moved to a more urban and suburban lifestyle, most schools in the United States still function on this system. However, a trend toward a year-round school year is gaining steam.
HOW TO OBSERVE:
Check your supply list, tour your new school, learn your schedule. Volunteer to show a new student around your stomping grounds. Have some fun before summer is over, too! How do you get ready for back to school?

https://nationaldaycalendar.com/national-back-to-school-month-august-2/

August is #FamilyFunMonthHOW TO OBSERVE:*Go camping*Enjoy a backyard campfire*Family bike ride*Fishing*Hiking*Day at the...
08/18/2020

August is #FamilyFunMonth
HOW TO OBSERVE:
*Go camping
*Enjoy a backyard campfire
*Family bike ride
*Fishing
*Hiking
*Day at the park
*Cook meals together
*Have a karaoke night
Use your imagination, spend time together and have fun !! Post on social media using #FamilyFunMonth to encourage others to join in.

https://nationaldaycalendar.com/family-fun-month-august/

Welcome to the newest addition of Mountain Money Matters.  This issues discusses:-FRP/AER Move-Temporary Acceptance of P...
08/17/2020

Welcome to the newest addition of Mountain Money Matters. This issues discusses:

-FRP/AER Move
-Temporary Acceptance of PIV and CAC Signatures on -Thrift Saving Plan (TSP) Forms
-Why Your Still Paying Higher Prices for Groceries
-Planning for Holiday Spending
-Army Emergency Relief (AER) Campaign Closes in on Goal --Back to School with COVID-19
-AER Provides Guidance on Home School and Remote
Education Assistance Program

Remember, the Financial Readiness Program is here to provide guidance and are available to work, by appointment by calling 315-772-2919/0050.

#msm2000
Fort Drum FMWR
U.S. Army Fort Drum & 10th Mountain Division
Cornell Cooperative Extension of Jefferson County
Fort Drum Army Substance Abuse Program - ASAP

August is #NationalBlackBusinessMonth HISTORY:Historian John William Templeton and engineer Frederick E. Jordan Sr found...
08/17/2020

August is #NationalBlackBusinessMonth
HISTORY:
Historian John William Templeton and engineer Frederick E. Jordan Sr founded National Black Business Month in August 2004 to “drive the policy agenda affecting the 2.6 million African-American businesses.“
HOW TO OBSERVE:
Support and encourage African American-owned businesses in your community.

https://nationaldaycalendar.com/black-business-month-august/

The true cost of your vehicle is more than just your monthly vehicle payment, gasoline and auto insurance. What about th...
08/14/2020

The true cost of your vehicle is more than just your monthly vehicle payment, gasoline and auto insurance. What about that upcoming oil change, tune up, tire rotation, brake pad replacement and new tires? Here's a short read that provides some helpful tips to help you budget for all you vehicle expenses.
Still unsure? Call your local experts at Financial Readiness and set up an appointment 315-772-2919/0050

https://medium.com/@dodfinred/ostriches-should-not-own-cars-d1979f7d7edd

Are you ready to start investing in your future?Looking for something to do for your SFRG meeting?Is your unit in need o...
08/13/2020

Are you ready to start investing in your future?
Looking for something to do for your SFRG meeting?
Is your unit in need of a refresher briefing?
Or, would you like to schedule a one on one?
Check out the available classes Financial Readiness Program has to offer upon request! Call 315-772-0050/2919

If you have questions regarding AER Home School and Remote Education Assistance Program call 315-772-6560
08/13/2020

If you have questions regarding AER Home School and Remote Education Assistance Program call 315-772-6560

Please see our updated Remote Learning Category of Assistance.
Let me give further guidance as well:
The purpose of the category is to relieve stress on those military families who have been thrust into a “Hybrid combination of Resident Schooling and Stay at home Virtual Schooling” or if given an option by the sanctioned and or affiliated school district to enroll in “Full Time Virtual Schooling” and must pay out of pocket for supplies and materials that the sanctioned and or affiliated school cannot supply.

Parents who Home School their children but are not sanctioned or affiliated with a school district do not qualify for this assistance.

To apply for this assistant we would need a letter from the sanctioned or affiliated school district stating that the student is in fact enrolled in the school, what option type the student is being educated under (Hybrid or Full Virtual), a full school supply list and or a syllabus of required technology items needed, of those required items and supplies, please have the school breakdown which items the school provides and which items the parents must provide. AER can assist with the items the parents must provide.

Please contact our office directly to apply and or receive further guidance. Each case will be based on it’s own merits as to whether it’s processed as a loan, grant or a combination of loan/grant.

315-772-6560/6555

08/11/2020
The TSP for BRS Members: What's It All About?

If you have questions or concerns regarding your Thrift Savings Plan (TSP) call your local Fort Drum Financial Readiness experts for an appointment today.
315-772-2919/0050/5196/5059

Are you a uniformed services member and covered by the Blended Retirement System (BRS)? If you joined the uniformed services on or after January 1, 2018 or y...

As we all prepare for this years back to school hybrid model, here are some resources we hope you find helpful.Fort Drum...
08/10/2020

As we all prepare for this years back to school hybrid model, here are some resources we hope you find helpful.
Fort Drum Army Community Service Fort Drum Soldier and Family Assistance Center Cornell Cooperative Extension of Jefferson County

Click on the link below and register for this free webinar which will cover:>What parents need to plan for their childre...
08/07/2020
Back to School: Special Needs & Social Distancing - Military Families Learning Network

Click on the link below and register for this free webinar which will cover:
>What parents need to plan for their children during school closures and long-term absence from schools
>What questions/resources/services can parents speak with the school district about
>How to plan for your children with specific health issues
>How parents/caregivers can stay engaged and advocate for the child

About This Webinar: School children with special needs faced unusual disruption to the end of their school year in May/June 2020; and, teachers, parents, and caregivers scrambled to turn the living room into a classroom. School closures and social distancing did not just cause impromptu homeschoolin...

"Military moves can be difficult for all members of the family—including children. Your own child may struggle as they s...
08/07/2020
Kids Education - National Military Family Association

"Military moves can be difficult for all members of the family—including children. Your own child may struggle as they say goodbye to their old friends and adjust to new routines after a PCS. Trying to fit in as “the new kid” in school while adjusting to their new normal can sometimes cause your military kid to experience academic issues. Each state and school district may have different standards, requirements, and curriculum, which can be tough for your family to navigate. Where do you turn to help remove some of these obstacles during and after relocation?"
Read more about The Interstate Compact on Educational Opportunity for Military Children...
https://www.militaryfamily.org/info-resources/education/

Find resources to help give your military kid the best possible education experience. Learn about the Interstate Compact and Post 9/11 GI Bill.

Kick Start Your Savings By Making It Automatic!Fort Drum Army Community Service Fort Drum FMWR Fort Drum Soldier for Lif...
08/06/2020

Kick Start Your Savings By Making It Automatic!
Fort Drum Army Community Service Fort Drum FMWR Fort Drum Soldier for Life - Transition Assistance Program Fort Drum Soldier and Family Assistance Center Cornell Cooperative Extension of Jefferson County

Financial Readiness Program has moved! 🎉We are now conveniently located in the Soldier & Family Resource Center, 11042 M...
08/05/2020

Financial Readiness Program has moved! 🎉
We are now conveniently located in the Soldier & Family Resource Center, 11042 Mt. Belvedere Blvd, across the street from Guthrie Medical Center. We look forward to seeing you there!
😷 Please remember to wear your mask when visiting our offices 😷

Are you prepared for the unexpected? Make sure your budget includes an emergency fund!Having an emergency fund is one wa...
08/05/2020

Are you prepared for the unexpected? Make sure your budget includes an emergency fund!
Having an emergency fund is one way to stay out of debt and be financially stress free. For more information on how to set up an emergency fund or how much to save, call and speak with one of your Fort Drum Financial Readiness Counselors today: 315-772-5059/2919/0050/5196
Fort Drum Army Community Service U.S. Army Fort Drum & 10th Mountain Division Fort Drum FMWR Cornell Cooperative Extension of Jefferson County Fort Drum Family Advocacy Program

Address

11042 Mt Belvedere Blvd
Fort Drum, NY
13602

Opening Hours

Monday 07:30 - 16:30
Tuesday 07:30 - 16:30
Wednesday 07:30 - 16:30
Thursday 07:30 - 16:30
Friday 07:30 - 16:30

Telephone

(315) 772-2919

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