Military Officer - November 2007 - (Page 17)

Ready. Aim. Retire. [October 2007]. I would think her late husband’s rank would be that of a Navy captain rather than an Air Force captain. —Col. Josh Moran, USAF-Ret. via e-mail Editor’s Note: You are correct — as are the many other readers who wrote us about this question. Our apologies to Mrs. Mason for the error. Set your sights on San Antonio’s own Army Residence Community. Join other retired career military officers, their spouses, widows and widowers—from all branches of service—who are already sharing a lifetime of stories and experiences in a true community setting. Enjoy independence and freedom from housekeeping and maintenance. Spread out in our comfortable cottages or well-appointed apartments. And take comfort in knowing our on-site Health Care Center can provide for all of your future health care needs. Even if you’re still working and not ready to retire, you’ll want to zero in on all your options—starting with the Army Residence Community! Charging Ahead “Charge?” [August 2007] suggested many helpful strategies to avoid being trapped into a ﬁnancial mess by misunderstanding credit card issuers’ terms and conditions. … [However, the article] states that, “Since 1990, credit card debt has skyrocketed to more than $800 million.” I thought that ﬁgure was low and strange, especially since the [article] later states that, “in 2005, banks collected nearly $8 billion in penalty fees.” That seemed like an absurd penalty fee on only $800 million in outstanding credit card debt. The answer appeared in the Aug. 8, 2007, Federal Reserve Statistical G19 release, which states that as of June 2007, outstanding consumer credit of all kinds amounted to about $2.46 trillion, of which approximately $903 billion was in revolving credit, the kind of debt usually associated with credit cards. —Col. John A. Del Buono, USA-Ret. Springﬁeld, Va. THE ARMY RESIDENCE COMMUNITY 7400 Crestway San Antonio, TX 78239-3098 210-646-5316 1-800-725-0083 Equal Housing Opportunity Call us today at 210.646.5316 or toll-free at 800.725.0083— or visit us online at www.armyresidence.com. Tired Of Low Returns On Your Savings? A Charitable Gift Annuity with the Paralyzed Veterans of America (PVA) is one of the most rewarding investments you can make. # Now is an ideal time to consider the unique tax beneﬁts and security of guaranteed payments offered by a PVA Charitable Gift Annuity. # Your gift annuity of at least $25,000 ensures that PVA can continue its work. In the meantime, you or your chosen beneﬁciary can rely on ﬁxed quarterly or semiannual payments for life. There are various options you can choose to best meet your family’s needs. The table at left shows you the payment rates you can expect. Give us the opportunity to show you the return you’ll get from helping others. # PVA is the only congressionally chartered veterans organization dedicated solely for the benefit and representation of individuals with spinal cord injury or disease. Call for more information on the Paralyzed Veterans of America Charitable Gift Annuity AGE* RATE** 75 7.3% 77 7.6 80 8.3 82 8.8 86 10.1 90-over 11.5 * PVA’s minimum age requirement is 75. ** One life rates (subject to change) Correction: In addition to Brad McManus, Robert Wilson also is a surviving member of the “Lost Squadron” [“Glacier Girl,” “Pages of History,” September 2007]. For submission information, see page 18. 1 (800) 424-8200 ext. 600 • www.pva.org Please remember the Paralyzed Veterans of America in your will. NOVEMBER 2007 MILITARY OFFICER 17 http://www.armyresidence.com http://www.armyresidence.com http://www.pva.org http://www.pva.org

Table of Contents Feed for the Digital Edition of Military Officer - November 2007

Military Officer - November 2007 Contents From the Editor President’s Page Your Views MOAA Directory Rapid Fire Washington Scene Chapters in Action Financial Forum Ask the Doctor Cover Story: Commanding the Corps With Love, From Home Financial Guidebook Financial Tuneups Banking on Your Time Pages of History MOAA Scholarship Recipients Faces of MOAA MOAA Scholarship Donors Member Books Advertising Index MOAA Calendar Sounding Taps MOAA Member Services Encore

Military Officer - November 2007

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