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1. Friday, January 4, 2013 - 11:28 PM
Okey, dokey, here's the skinny. As a military retiree, you qualify, and don't have to join the National Military Family Association. You save twenty bucks or whatever. You buy a five buck regular share account, presto, you're in. You then buy CDs coming out the gazoo, if you desire. I have two IRA CDs, both purchased over two years ago. I pay 50 cents a quarter, two bucks a year, to get paper statements. They deduct that from my regular share account. If you want paper statements, they make you pony up another twenty bucks (or so) into your regular share account. I guess after a decade or so, they'll want another twenty bucks.
Aside from the 50 cents per paper statement (which barely covers postage these days), I've never been nicked with any service charges. And, as they noted, you can avoid the 50 cents by going "paperless", going on-line (which is painless), and pushing the "print" button.
Suffice it to say that, if you have CDs, and the interest is either paid out or rolled-over, you are not "inactive." Passive, but not inactive. As we said back in 1970, don't sweat the small stuff. One and done. I doubt most folks remember the genesis of that phrase. Vietnam-era vets do. Most folks these days associate it with sports playoffs, but we know it meant "one tour, you're done."
Had I joined when active duty or active reserves, I could have dodged the one-time National Military Family group. Seriously, it's not a big issue. The bigger pain is now being unable to join Navy Federal, which I would have done when I could have. Had I known better.
Aside from the 50 cents per paper statement (which barely covers postage these days), I've never been nicked with any service charges. And, as they noted, you can avoid the 50 cents by going "paperless", going on-line (which is painless), and pushing the "print" button.
Suffice it to say that, if you have CDs, and the interest is either paid out or rolled-over, you are not "inactive." Passive, but not inactive. As we said back in 1970, don't sweat the small stuff. One and done. I doubt most folks remember the genesis of that phrase. Vietnam-era vets do. Most folks these days associate it with sports playoffs, but we know it meant "one tour, you're done."
Had I joined when active duty or active reserves, I could have dodged the one-time National Military Family group. Seriously, it's not a big issue. The bigger pain is now being unable to join Navy Federal, which I would have done when I could have. Had I known better.
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