Headquarters U.S. Air Force I n t e g r i t y - S e r v i c e - E - - PowerPoint PPT Presentation

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Airman & Family Readiness Center FTAC Presentation

Personal Financial Readiness For First Term Airmen

One Team, One Family, One Mission

Military Life Cycle

 Military Life Cycle (MLC) – A transition model to create a career-

ready military that provides servicemembers a continuous

• pportunity to prepare for civilian career success.

 Goals for Servicemembers:  Allow servicemembers deliberate opportunities to plan for

transition throughout their careers

 Ease burden of completely preparing for transition at end of

service

 Draw attention to skills acquired in the military  Initial MLC Tasks:  eBenefits enrollment/Training  Principles of budgeting

One Team, One Family, One Mission

eBenefits

 Access and enroll at: https://www.ebenefits.va.gov/ebenefits-

portal/ebenefits.portal

 View veterans benefits all in one location  Categories of Benefits:  Compensation  Education  Insurance  Health  Housing  Personnel

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Overview

 Spending Plan Basics  Savings and Investing  Banking and Allotments – Choosing a Financial Institution  Credit and Debit Management  Car Buying  Base Specific Issues  Financial Counseling Resources  Summary

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Leave and Earnings Statement

 Individual Leave & Earning Statements available

• n the myPay Website:

https://mypay.dfas.mil/mypay.aspx

 Understand entitlements, deductions, and

allotments.

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Type of Pay Details Taxed Note

Basic Pay

Based on rank & time in service

YES Pay increases @ 4 months, 2, 3, 4, & all even years thereafter. Each January, basic pay is increased to incorporate cost of living increase

Allowances

Housing (BAH)

To offset housing expenses

NO Must be approved; different rates based on several factors; dorm residence receive partial Subsistence (BAS)

To assist with the cost of food

NO Must be approved; amount same regardless of # of dependents; meal card holders receive partial Clothing

To maintain and/or replace uniforms

NO Basic replacement allowance received 1st 3 years then standard replacement each year thereafter (upon anniversary of enlistment) Miscellaneous

Such as flight pay, hostile fire pay, etc.…

YES Received depending upon career field and other factors

LES: The Basics

Fly - Fight - Win DEFENSE FINANCE AND ACCOUNTING SERVICE MILITARY LEAVE AND EARNINGS STATEMENT

ID

COOL, JOSEPH B.

111-11-1111

E-2

01JANXX

0 1OCTXX

AF

4065

1-31 DEC 02

ENTITLEMENTS DEDUCTIONS ALLOTMENTS SUMMARY

+TOT ENT 1811.53

• TOT DED 1024.01
• TOT ALMT 350.00
• NET AMT 437.52
• CR FWD 0

437.52

REMEMBER!!! If you live in the dorm, check the deductions section

• f your LES to ensure your

BAS is being deducted.

Meal Deduction 242.15

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DEFENSE FINANCE AND ACCOUNTING SERVICE MILITARY NET PAY ADVICE The amount in block 6 is your net pay for the pay date indicated in block 4 and was sent to the financial organization in block 7 for credit to your account. When cashing a personal check at your financial organization on payday, advise your teller you are a participant in the Direct Deposit Program. It will help you with better service. If you are paid once a month or you do not have your pay sent to a financial organization for direct deposit, information in block 5 through 7 will not be present and this form is intended to provide you with the remarks information only. 111-11-1111 4065 15 DEC 01 Joseph B. Cool 201 Money Ave 5. ACCOUNT NUMBER 6. NET PAY AMOUNT Cash SC 22222-2222 12345678 436.16

• 7. YOUR NET PAY WAS FORWARDED TO:

YOUR BANK/FINANCIAL INSTITUTION 6943 DORCHESTER ROAD CHARLESTON SC 29418-3419

• 8. REMARKS

DEFENSE FINANCE AND ACCOUNTING SERVICE MILITARY NET PAY ADVICE

The amount in block 6 is your net pay for the pay date indicated in block 4 and was sent to the financial organization in block 7 for credit to your account. When cashing a personal check at your financial organization on payday, advise your teller you are a participant in the Direct Deposit Program. It will help you with better service. If you are paid once a month or you do not have your pay sent to a financial organization for direct deposit, information in block 5 through 7 will not be present and this form is intended to provide you with the remarks information only.

• 1. MEMBER’S NAME AND ADDRESS

437 MSS DPF Joseph B. Cool 201 Money Avenue Cash SC 22222-2222

• 2. SSN

111-11-1111

• 3. ADSN/DSSN

4065

• 4. PAY DATE

15 DEC XX

• 5. ACCOUNT NUMBER

1 2 3 4 5 6 7 8 9 1 0

• 6. NET PAY AMOUNT

437.52

• 7. YOUR NET PAY WAS FORWARDED TO:

MONEY BAGS FINANCIAL BANK, INC. 12345 CASH COW LANE, SUITE C NORTH CHARLESTON, SC 11111-1111 8. REMARKS

This is what your mid month statement will look like when viewed on line.

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Servicemember’s Group Life Insurance

 SGLI provides group term life insurance.  You are automatically covered on your first day of active duty or active

duty for training, unless you decline or reduce your coverage.

 The maximum amount of SGLI coverage you may have is $400,000.  The current monthly cost of SGLI is $28.00 for $400,000 of coverage,

plus $1.00 for Traumatic SGLI ($29 total).



You may elect to be insured for lesser amounts in increments of $50,000,

 The cost is $3.50 per month per $50,000.

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SGLI – Advantages

 Very affordable premium.  Pays if death is in the line of

Military Duty…other policies may contain “war clauses.”

 Family coverage for spouses

very affordable.



Children receive $10K

• f coverage for FREE.

 Members have 120 days to

convert SGLI coverage to VGLI upon separation from service.

 Higher premiums, but no

medical exam/proof of good health required if converted within 120 days.

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“What type of pay helps me to offset the cost of food?”

Question?

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http://www.cnpp.usda.gov

Food Cost Plans

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The Military Pay Chart

http://www.dfas.mil/militarymembers/payentitlements/militarypaytables.html

BASIC PAY—EFFECTIVE JANUARY 1, 2016

9,946.20 10,272.00 10,488.30 10,548.60 10,818.60 11,269.20 11,373.90 11,802.00 11,924.70 12,293.40 12,827.10

8,264.40 8,648.40 8,826.00 8,967.30 9,222.90 9,475.80 9,767.70 10,059.00 10,351.20 11,269.20 12,043.80

6,267.00 6,885.30 7,337.10 7,337.10 7,365.00 7,680.90 7,722.30 7,722.30 8,161.20 8,937.00 9,392.70

5,224.50 5,885.70 6,292.80 6,369.60 6,624.00 6,776.10 7,110.30 7,356.00 7,673.10 8,158.50 8,388.90

4,507.80 5,218.20 5,566.50 5,643.90 5,967.00 6,313.80 6,745.80 7,081.50 7,314.90 7,449.30 7,526.70

3,963.60 4,492.80 4,849.20 5,287.20 5,540.70 5,818.80 5,998.20 6,293.70 6,448.20 6,448.20 6,448.20

3,424.50 3,900.30 4,491.90 4,643.70 4,739.40 4,739.40 4,739.40 4,739.40 4,739.40 4,739.40 4,739.40

2,972.40 3,093.90 3,740.10 3,740.10 3,740.10 3,740.10 3,740.10 3,740.10 3,740.10 3,740.10 3,740.10

5,287.20 5,540.70 5,818.80 5,998.20 6,293.70 6,543.30 6,686.70 6,881.40

4,643.70 4,739.40 4,890.30 5,145.00 5,341.80 5,488.50 5,488.50 5,488.50

3,740.10 3,993.60 4,141.50 4,292.40 4,440.60 4,643.70 4,643.70 4,643.70

4,095.90 4,406.10 4,532.40 4,656.90 4,871.10 5,083.20 5,298.00 5,620.80 5,904.00 6,173.40 6,393.90

3,740.40 3,896.40 4,056.30 4,108.80 4,276.20 4,605.90 4,949.10 5,110.80 5,297.70 5,490.30 5,836.50

3,309.90 3,622.80 3,719.40 3,785.40 4,000.20 4,333.80 4,499.10 4,661.70 4,860.90 5,016.30 5,157.30

2,905.50 3,218.10 3,302.10 3,479.70 3,690.00 3,999.60 4,144.20 4,346.10 4,545.00 4,701.60 4,845.30

4,948.80 5,060.70 5,202.30 5,368.20 5,536.20

4,050.90 4,230.00 4,341.00 4,473.90 4,618.20 4,878.00

2,816.10 3,073.50 3,191.40 3,347.10 3,468.90 3,678.00 3,795.60 4,004.70 4,178.70 4,297.50 4,423.80

2,435.70 2,680.20 2,798.40 2,913.60 3,033.60 3,303.30 3,408.60 3,612.30 3,674.40 3,719.70 3,772.50

2,231.40 2,381.40 2,496.60 2,614.20 2,797.80 2,989.80 3,147.60 3,166.20 3,166.20 3,166.20 3,166.20

2,046.00 2,150.40 2,267.10 2,382.00 2,483.40 2,483.40 2,483.40 2,483.40 2,483.40 2,483.40 2,483.40

1,847.10 1,963.20 2,082.00 2,082.00 2,082.00 2,082.00 2,082.00 2,082.00 2,082.00 2,082.00 2,082.00

1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50 1,756.50

1566.90

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Allowances Continued…

ALLOWANCES

Family Separation Allowance All Pay Grades: $250 Basic Allowance for Subsistence (Effective January 1, 2016) Family Subsistence Supplemental Allowance (Effective October 1, 2010)

Officers: $253.63 Enlisted: $368.29 All Pay Grades Not to Exceed $1100.00

Clothing Allowances (Effective October 1, 2015) Standard Initial Clothing Allowance (Enlisted Members Only)

Army Navy Air Force Marine Corps Male Female Male Female Male Female Male Female 1,643.45 1,888.07 1,797.42 1,982.74 1,389.18 1,597.93 2,007.82 1,945.65

Cash Clothing Replacement Allowance (Enlisted Members Only)

Army Navy Air Force Marine Corps Basic Male Female Male Female Male Female Male Female 327.60 349.20 320.40 327.60 248.40 252.00 403.20 392.40 Standard 468.00 496.80 457.20 468.00 352.80 360.00 601.20 576.00 Special 648.00 669.60

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BAH Rates

2016 BAH (Basic Allowance for Housing) E-1 thru E-4: In dorms/ Approx. $7.80 E-1 thru E-4: Without dependents / $855.00 E-1 thru E-4: With dependents / $1059.00

According to the 2015 Defense Travel Management Study, at Moody AFB: 75% of BAH goes toward rent (on avg.) 25% of BAH goes toward utilities (on avg.)

• BAH used to include the cost of renter’s insurance, but in 2015, this
• changed. You are expected to assume a 1% out of pocket cost for this

item.

 Input new BAH into spending plan in projected category Example: $7.80 current, $855/$1059 projected

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www.defensetravel.dod.mil

Basic Allowance for Housing

Fly - Fight - Win INCENTIVE AND SPECIAL PAYS

Aviation Career Incentive Pay

Years of Aviation Service

2 or less Over 2 Over 3 Over 4 Over 6 Over 14 Over 22 Over 23 Over 24 Over 25 125.00 156.00 188.00 206.00 650.00 840.00 585.00 495.00 385.00 250.00

Career Enlisted Flyer Incentive Pay

Years of Aviation Service

4 or less Over 4 Over 8 Over 14 150.00 225.00 350.00 400.00

Hazardous Duty Incentive Pay (Crew Member- Non-AWAC)

Pay Grade Amount Pay Grade Amount Pay Grade Amount Pay Grade Amount Pay Grade Amount O-10 150.00 O-5 250.00 W-5 250.00 E-9 240.00 E-4 165.00 O-9 150.00 O-4 225.00 W-4 250.00 E-8 240.00 E-3 150.00 O-8 150.00 O-3 175.00 W-3 175.00 E-7 240.00 E-2 150.00 O-7 150.00 O-2 150.00 W-2 150.00 E-6 215.00 E-1 150.00 O-6 250.00 O-1 150.00 W-1 150.00 E-5 190.00

Hazardous Duty Incentive Pay (Non-Crew Member) Imminent Danger Pay/Hostile Fire Pay

ALL GRADES – 150.00 ALL GRADES – 225.00

Diving Pay HDIP (Parachute, Flight Deck, Demolition, & Others)

Officers – 240.00 (Max) Enlisted – 340.00 (Max) All Grades – 150.00 (Member qualified for HALO Pay – 225.00).

COMBAT ZONE TAX EXCLUSION

For other pays or specific requirements for the pays cited in this table, go to the web at: http://www.dtic.mil/comptroller/fmr/07a/index.html

• r Marine Corps, basic pay is $7,816.20. Combat Zone Tax Exclusion for O-1 and

Special Pays

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Income Definitions

Total pay + allowances =

Gross Income

Gross income – tax deductions – additional deductions such as allotments=

Net Income You can think of “net income” as the amount of money you “take home” from each paycheck.

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Net Income Example

E-5 over 8 years w/dependents

Total compensation

Base Pay $2,845.20, BAS $348.44, BAH $1,581.00 (A) $4,774.64

Total tax deductions

SGLI (self/family/spouse), TSGLI, AFRH, federal taxes, FICA (social security/medicare) (B) $351.29

Total additional deductions

Monthly savings $200, monthly investing $63.83 (C) $263.83

Net Income (A-B-C) $4,159.52

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Deductions

 Federal Taxes  2016 FICA Taxes

• Social Security (6.2% of Base Pay)
• Medicare (1.45% of Base Pay)

 SGLI  AFRH

Possibly:

 State Taxes  FSGLI  Meal Deduction

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 Budget about 35% of your net income for rent/utilities.  Do you have an emergency fund?  Short term goal: $1,000  Long term goal: 3-6 months of living expenses  One-time Expenses:  Security deposit (normally equal to one month’s rent)  Utility deposits/activation fees  Moving expenses (gas, eating out, etc.)  Pet Deposit  Furnishing residence (What about “Rent-to-Own”?)  Setting up household (cleaning supplies, food, etc.)

Budgeting

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Goals

 Unrealistic Goals

Vs.

 Realistic Goals  Short Term

Now to 2 years

 Intermediate Term

2 to 5 years

 Long Term

Beyond 5 years

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Savings and Future Plans

 Emergency Savings Fund: At least $1,000  Experts recommend setting side 3-6 months of living

expenses

 Future Planning  Goal Specific  Separation/Retirement  Ball Park Estimate

www.asec.org

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How do we talk about money?

What is the dollar amount that separates a rich man and a poor man?

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What is a spending plan?

 Simply a plan to put your money where you want it to go!  Your A&FRC can help you develop a personalized

spending plan!

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SPENDING PLAN ACTIVITY

 First cash flow plan is a draft.  Most of your variable expenses will be estimates.  For a more realistic spending plan, track your expenses or

review past banking/credit card statements.

 Revise the original spending plan, incorporating goals based

upon changes you’d like to make.

 Complete spending plan worksheets sections A – J  Debt-to-income ratio

Income - (Living Expenses + Monthly Debt Pmts) = surplus/deficit/or zero

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Financial Readiness (reference AFI 36-2906)

7.1 Members will pay their just financial obligations in a proper & timely manner 7.2 Will provide adequate financial support of a spouse or child/relative …(court order for child support) 7.3 Will comply with 7.2 for garnishment

• f wages

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Deployment Readiness Financial Considerations

 How will your budget change during deployment?  Expenses in deployed location  Expenses back at home  Who will be managing finances?  What are your goals? Make a plan for the extra money

you will be receiving. (e.g. savings, TSP, debt mgmt.)

 Are your financial and legal documents organized?  Do you have an emergency fund?

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Tips for Success

 Complete budget before you depart; revisit regularly.  Keep track of account balances, due dates for bills, etc.  Practice financial fidelity: communicate with spouse about

• ut-of-the-ordinary expenses, bills, etc.

 Set-up “Active Duty Alert” on credit reports.  Organization is key: know where your documents are,

keep list of accounts/contact info, etc.

 Set-up “Auto-Pay” on accounts.  Update car insurance.

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Personal & Family Financial Readiness

 Review LES monthly.

 Understand entitlements/deductions/allotments.

 Develop Spending Plan. Revisit regularly.  Save for emergencies.  Plan for deployments.

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Intro & Spending Plan

Questions?

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What is the Difference Between Saving and Investing?

 Saving:  To meet short term goals  Emergencies  Investing:  Money set aside for future income,

benefit, or profit to meet long term goals

 What is your “risk tolerance?”

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Savings & Investment Tools & Options

 Savings Account  Certificates of Deposit  U.S. Savings Bonds  Money Market Accounts/Funds

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Other Options

 Stocks  Bonds  Mutual Funds  Real Estate  Collectibles

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Maximize your Money

 IRA (Individual Retirement Account)

 Traditional  ROTH  Education  Any mutual fund, stock, bond, etc. can

be part of an IRA account

 Research companies and review the

prospectus before sending any money.

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New AF Blended Retirement System

 Under the current system, monthly retired pay is calculated as 2.5

percent times the number of years the member served times the average of the highest 36 months of basic pay the member received.

 All members who enter service, or who sign a contract to serve, on

• r before December 31, 2017 are grandfathered into the current

system, but can opt-into the new BRS.

 As of 1 Jan 2018 – all joining members will automatically be

enrolled in BRS.

 After 2 years of service – the first 3% of member contribution is

matched dollar for dollar by the Service. The next 2% is matched 50 cents on the dollar. Example – if a member contributed 5% of pay to the TSP, the Service will contribute another 4% to the member’s TSP account.

 Militarypay.defense.gov

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The Power of Compounding Interest

Ben vs. Arthur: Ben starts investing at age 19. He invests $2,000/year for 8 years.

• Avg. rate of return: 12%

His contributions= $16,000 Arthur starts investing at age 27. He invests $2,000/year for 39 years.

• Avg. rate of return: 12%

His contributions= $78,000 Even though Arthur invested 23 more years than Ben….Ben has more in his account at age 65… all because of compounding interest!

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 Retirement savings and investment plan for Uniformed military members

serving on active duty, and members of the Ready Reserve or National Guard of each service in any pay status.

 Contributions are pre or post-tax dollars then taxed at

withdrawal/distribution at current tax rate (tax-deferred).

 Traditional TSP vs. Roth TSP  Can contribute to both Traditional & Roth  Traditional contribution limit is $6,000  Roth contribution limit in 2016 is $18,000 ($53,000 if in a combat zone)  Number of options available upon separation/retirement: leaving money in

TSP, partial/full withdrawal, purchase an annuity, or a combination.

 Account can be accessed penalty-free at age 59 1/2

Thrift Savings Plan: www.tsp.gov

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Thrift Savings Plan: www.tsp.gov

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Traditional vs. Roth TSP

The Treatment of… Traditional TSP Roth TSP Contributions Pre-tax After-tax1 Your Paycheck Taxes are deferred*, so less money is taken out of your paycheck. Taxes are paid up front*, so more money comes out of your paycheck. Transfers In Transfers allowed from eligible employer plans and traditional IRAs Transfers allowed from Roth 401(k)s, Roth 403(b)s, and Roth 457(b)s Transfers Out Transfers allowed to eligible employer plans, traditional IRAs, and Roth IRAs2 Transfers allowed to Roth 401(k)s, Roth 403(b)s, Roth 457(b)s, and Roth IRAs3 Withdrawals Taxable when withdrawn Tax-free earnings if five years have passed since January 1 of the year you made your first Roth contribution, AND you are age 59½ or older, permanently disabled, or deceased

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The Benefit of Pre-Tax Investing

Regular Savings Basic pay $18,118

• Tax @15%

$ 2,718 = $ 15,400 Invest 8% $ 1,449 Remainder $ 13,951 TSP Savings Basic pay $18,118 Invest 8% $ 1,449 = $16,669

• Tax @15%

$ 2,500 Remainder $14,169

$218 more in your pocket!! Based on E-2 with less than 2 yrs service, investing 8% in TSP

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Thrift Savings Plan: www.tsp.gov

 Contribute in 1% increments up to 100% of your base pay  Add 1-100% of any special, bonus or incentive pay  IRS elective deferral limit for 2016 is $18,000  Six investment funds:  G Fund  Government Security Investment Fund  When you first start investing in TSP, your

contributions will default to the G fund.

Fly - Fight - Win  F Fund  Fixed Income Index

Investment Fund

 Tracks Barclays Capital US

Aggregate Bond index

Thrift Savings Plan: www.tsp.gov

 C Fund  Common Stock Index

Investment Fund

 Tracks S&P 500

(Large/medium sized companies)

Fly - Fight - Win  S Fund  Small Capitalization Stock

Index Investment Fund

 Tracks DOW Jones

(small/medium sizes companies)

Thrift Savings Plan: www.tsp.gov

 I Fund  International Stock Index

Investment Fund

 Tracks Morgan Stanley

Capital Int’l EAFE Index

Fly - Fight - Win  L Funds (Life Cycle Funds)  Professionally determined investment mixes

Thrift Savings Plan: www.tsp.gov

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Savings Deposit Program

 Total of $10,000 may be deposited during each deployment and

will earn 10% interest annually.

 Must be a SDP-eligible combat zone. Must be receiving Hostile

Fire Pay.

 Deposits may be made in cash, by check, or through allotment.

Once started, allotments may be increased/decreased as your financial situation changes. Your allotment will stop upon your departure from the combat zone.

 Will continue earning interest for 90 days upon return.  Money can be withdrawn via request through MyPay.  Contact Accounting & Finance for more information.

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Educate Yourself

 Library  Internet

 Comparison shop for investment companies  Compare advertised rates of return to the average and

benchmark for that category

 Beware of investment and insurance scams

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Practical Tips

 Establish emergency fund first.  $1,000  3-6 months of living expenses  Use allotments or direct-invest.  Pay yourself first!  Many companies allow you to invest $50/month.  Plan to save/invest a realistic amount (10% is the goal).

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Easy Street!

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Saving & Investment Basics

Questions?

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Airman & Family Readiness Center FTAC Presentation

Banking

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Banks vs. Credit Unions

Credit Unions:

• Democratically controlled by

members

• Not for profit
• Insured by the National Credit

Union Administration

• May offer lower-cost services and

higher interest rates on savings Banks:

• Generally run by a group of

investors with capital

• For profit
• Federally insured by the Federal

Deposit Insurance Corporation (FDIC)

• May offer greater accessibility and

a wider range of services

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Choosing a Financial Institution: What do they offer?

 Checking & Savings Accounts  Credit cards/debit cards  Lines of credit  Personal, business, and auto loans  Mortgages  Online or mobile banking  Automatic bill pay  International banking  Financial planning  Investment management  Health, home and car insurance  Retirement programs

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And what about the fees?

 Monthly Service Charge  Charge per Check  Insufficient Funds  Overdraft Protection: (Median Fee= $34 for each transaction while in

• verdraft status)

 The Consumer Financial Protection Bureau estimates that overdraft

and non-sufficient fund fees represent 60% or more of consumer checking account fee income.

 ATM Use- some financial institutions reimburse you for ATM fees  International Transaction Fees

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71

Banking

Questions?

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Credit and Debt Management

Airman & Family Readiness Center FTAC Presentation

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Credit Defined

• Credit vs. Debt
• Benefits of good credit:
• keep/obtain a security clearance
• obtain lower payments and interest rates on credit

cards/loans

• buy a home, a car, or just about any “high” ticket item
• n credit
• borrow money quickly to cope with an emergency

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Credit can be used:

 to purchase items today that you couldn’t normally afford and

spread the cost over time

 to make high cost purchases easier and quicker to obtain

to conveniently pay for items

 to obtain frequent flyer miles, points, etc… for “free” items or

cash rebates

 to build upon existing credit by making on-time monthly

payments

Why Use Credit?

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Provides long term

• r future value

“Worthwhile” Debt

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 Food  Clothing  CDs / DVDs  “Entertainment”  Miscellaneous stuff

Items of temporary value

“Not so Worthwhile” Debt

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 Open checking/savings account  Secured credit card  Use Military STAR or Club Card wisely, then apply for a

national credit card.

 Use a credit card for small amounts, and pay it off each

month to build your credit history.

 Obtain a small signature loan, put money in savings and

make payments as required.

Establishing Credit

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Choose & Use Credit Wisely

 Know the interest rates and fees:

 Purchases  Cash advances  Transfers from other cards  Penalty Fees

 What is your current balance and limit?  What is the minimum payment?  When is your payment due?  Make payments on-time, every time!!!

Fly - Fight - Win

Calculate Your Monthly Interest Charges

• 1. Divide your APR by 12 months. This gives you a monthly percentage

rate.

• APR of 18%: 18% ÷ 12 months = 1.5%
• 2. Multiply your balance by this monthly interest rate. The result is your

interest charge.

• On a balance of $500, your interest charge would be $500 x .015 =

$7.50

• 3. Add the interest charge to your balance to determine your new balance.
• So, your new balance would be: $500 + $7.50 = $507.50
• Next month payment calculation $507.50 x .015 = $7.61 so

$507.50 + $7.61 = $515.11

Fly - Fight - Win

 Ensure debt doesn’t exceed 15% of monthly income  Shop around for credit- look for low interest rates, no

annual fees, and benefits. (www.bankrate.com)

 Never lend credit cards to anyone.  Check credit report for FREE at

www.annualcreditreport.com

Tips for Avoiding Credit Pitfalls

Fly - Fight - Win  Track your

spending… purchases can add up fast!

 Save your

receipts and report problems if needed.

 Pay more

than the minimum amount.

More Tips…

Fly - Fight - Win

Truth in Lending Act: Requires creditors to disclose, in writing, the following:

 Annual Percentage Rate (e.g. cost of the credit

expressed as an annual % of the original amount of credit provided)

 Terms of the loan  True costs to the borrower

Understanding Terms & Conditions Associated With Credit

Fly - Fight - Win

 Revolving credit  Credit cards  Installment credit  Car loans  Mortgage

Types of Credit

Fly - Fight - Win

Credit Cards vs. Debit Cards

 Credit Cards  Covered by the Truth

in Lending Act

 Liability limit = $50

(if fraudulently used)

 Right not to pay

disputed charges

 Debit Cards  Covered by Electronic

Funds Transfer Act

 Liability Limit = $50 (if

reported w/in 2 business days) or $500 or everything in account + line of credit (if fail to report w/in 60 days)

 Dispute procedures in

place

Fly - Fight - Win

Stored Value Cards

 Examples: Gift cards, phone cards, etc.  NOT a debit card  NOT tied to a checking account  NOT covered by any federal law or regulation

 Dispute procedures established by card issuer

 Liability limit = value stored on card  BLUF: Lose your card = lose your money

Fly - Fight - Win

Loan Amount $1,000 Interest Rate 19.8% Monthly Payment 3% of balance ($30) # Years to Pay 4 years, 1 month Total Finance Charge $463.84 Visit http://www.powerpay.org

Cost of Credit:

Fly - Fight - Win

Monthly Minimum Payments Take Home Pay Debt Divided by Income= Debt Income Ratio (DIR)

Example: $250 debt payments = 25% DIR for $1000 take home pay

When is it too much?

Fly - Fight - Win

 0 - 5%:

Doing well

 10 - 15%: Manageable  20% +:

Go on a “credit diet”

 28%:

Maximum for a mortgage

 36%:

Combined maximum for consumer credit debt and a mortgage

When is it too much? (Cont’d)

Fly - Fight - Win

Your credit report contains:



Personal info



Employer info



7–10 years history



Inquiries (“soft /hard”)



Negative indicators:

 Bankruptcy  Charge-off and

collection info

Credit Reports/Scores

http://www.experian.com/credit_report_basics/pdf/samplecreditreport.pdf

Fly - Fight - Win

Cre redit dit Scor

• res
• 65% based upon

payment history and amount owed

• Pay on time
• Keep balances well

below credit limit (not more than 10% of available credit)

• Check your report

and correct errors

• Influences what

credit products will be available to you and the cost of those products

• Lower scores =
• verall higher cost;
• r even inability to
• btain credit
• Three digit number

generated by a mathematical algorithm based on information in your credit report

• Fair Isaac & Co.

(FICO) – Most common

• FICO Range : 300 -

850

What is a Credit Score? Why Should I Care?

How Do I Influence My Score?

Fly - Fight - Win

10% 10% 15% 30% 35% Payment History Outstanding Debt Length of Credit New Credit Types of Credit

Credit Score Recipe

Fly - Fight - Win $406.29 $372.29 $339.95 $324.42 $309.32 $294.66

$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 500-559 560-619 620-674 675-699 700-719 720-850

Credit (FICO) Score

$16,000 Vehicle Loan

Car Payment

Credit’s Impact

Fly - Fight - Win

$395,000 $353,000 $308,000 $250,000 $227,000 $217,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 500-559 560-619 620-674 675-699 700-719 720-850

Credit (FICO) Score

$200,000 Home Loan

Total Interest Paid

Credit’s Impact

Fly - Fight - Win



Pay on time…every time!



Pay more than the minimum



Limit yourself to 1 credit card



Keep your debt level low



Don’t “max” out your credit card



Check your myFICO

How to Improve Your Credit Score

Fly - Fight - Win

FIC ICO O Scor

• re

Fly - Fight - Win

Security Clearances

Credit and Debt Management

Fly - Fight - Win

Security Clearance Financial Considerations

 Failure or inability to live within one's means,

satisfy debts, and meet financial obligations may indicate poor self-control, lack of judgment,

• r unwillingness to abide by rules and regulations,

all of which can raise questions about an individual's reliability, trustworthiness and ability to protect classified information.

 An individual who is financially overextended is

at risk of having to engage in illegal acts to generate funds. DoD Directive 5200 2-R Appendix 8

Fly - Fight - Win

 Inability or unwillingness to satisfy debts  Irresponsible spending  History of not meeting financial obligations  Deceptive or illegal financial practices (theft, fraud, income tax evasion)  Financial problems linked to drug abuse, alcoholism, and gambling problems  Unexplained affluence

Credit Management and Security Clearances

Fly - Fight - Win

 Accrual voucher and use split disbursement  Know what is authorized:  Meals  Lodging  Rental car  Cash advances for official expenses only  Airlines tickets for official travel

What about your Government ??

Fly - Fight - Win

 Lower interest rates on debts incurred prior to

joining the military to 6% (w/exceptions)

 Exempting the military member from paying property

taxes on vehicles (w/exceptions)

 Exempting the military member from paying state

taxes on vehicles (w/exception)

Servicemember’s Relief Act

Fly - Fight - Win

 Talk to Creditors  Visit Power Pay (www.powerpay.org)  Contact your Airman & Family Readiness Center  Contact the Legal Office  Contact a Consumer Credit Counseling Service

Credit Problems?

Fly - Fight - Win

111

Questions?

Credit and Debt Management

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Understanding the “Car Buying Game”

Airman & Family Readiness Center FTAC Presentation

Fly - Fight - Win

1

Step

Shopping with Confidence

Fly - Fight - Win

Consider Your Needs

 WANTs vs. NEEDS  What’s important to you?

1

Step



Nationality of origin



Body size – sub-compact, compact, midsize, etc.



Body style – 2-door, 4-door, convertible, SUV, etc.



Engine size



Possibly higher insurance rates



Transmission – manual, automatic



Drive train – 2-wheel drive, 4-wheel drive



Reliability



Style



Performance



Utility



Safety



Handling



Economy



Price



Image

Fly - Fight - Win

 What equipment options do you want?  Air conditioning  Power windows  Power locks  Tilt steering  Cruise control  Sunroof  Sound system  Determine approx. monthly costs for payment, insurance,

gas, and maintenance. Make those payments to yourself (savings acct.) for 1-3 months. Can you afford it?

 Ad Valorem Tax

1

Step

Consider Your Needs and Budget

Fly - Fight - Win

Where and When to Shop

 Where:  “Auto Malls”  Neighborhood dealerships  Automobile and truck shows  Used car marts  Neighborhood used car lots  Private parties  Public and Police auctions  When:  Salesmen have weekend quotas to meet…  Shop on weekdays or weekday evenings  Especially the last few days of the month

1

Step

Fly - Fight - Win

Your Car Shopping Goals

 On your first shopping trip:  See which cars fit your needs and budget-  Can accomplish these goals by following a step-by-step

shopping game plan…

1

Step

Fly - Fight - Win

Your Car Shopping Game Plan

 Greet the salesman.  Tell him exactly what you want to see.  Look at the factory window sticker.  Inquire about other versions of the same car (DX, SE, LX).  Sit inside the car.  Test drive the car.  Don’t baby the car; drive like you normally would.  After the drive, ask for a brochure.  Ask more questions.  Thank the salesman.  Leave!

1

Step

Fly - Fight - Win

Used Car Shopping Tips

 Problem - Never quite sure what you are getting.  Useful tips:

 Examine body of vehicle  Examine interior  Look under hood  Look under vehicle  Check odometer  Check the car’s VIN  Use CARFAX or another method to checkout the car’s history.  Have your mechanic inspect vehicle before you buy. If the seller

won’t allow this, be suspicious.

1

Step

Fly - Fight - Win

Choosing the Right Car

2

Step

Fly - Fight - Win

Clear Up Your Confusion

 Many of the new and late-model vehicles are alike.  The perfect car does not exist.  This is not a life-or-death situation.  You may need to re-examine your needs.  You may need to re-examine your budget.

2

Step

Fly - Fight - Win

Do Some Additional Research

 Manufacturer’s Brochures  Auto and Consumer Magazines  US Government Safety Publications and Websites  Auto Manufacturers’ Websites

2

Step

Fly - Fight - Win

Making the Big Decision

 Once satisfied with shopping and research…  Narrow down choices: Which car is the right one for you?  The car that’s right for you is the one that fits

your needs and your spending plan…

 And feels right!

2

Step

Fly - Fight - Win

Preparing to Buy

3

Step

Fly - Fight - Win

Determining the Invoice Price

 New Cars and Trucks  www.edmunds.com  Used Cars and Trucks  www.kbb.com

3

Step

Fly - Fight - Win

Arranging Your Automobile Insurance

 Prior to removing car from lot, you will have to show

proof of insurance.

 Call current company for quote.  Shop around and compare.  Insurance is required by law!

3

Step

Fly - Fight - Win

Selling Your Present Car

 Ways to Sell Your Car:

 Sell the car on your own  Check Kelley Blue Book  Let a consignment dealer sell it for you  Sell your car directly to a used car lot  Trade it in to the dealership  Donate your car to charity  Sell it on EBay

3

Step

Fly - Fight - Win

Arranging Your Financing

 Check your credit report.  How are you going to pay for the vehicle?

 Cash  Bank financing  Credit Union financing  Online financing  Dealership financing

 Compare interest rates and loan terms.  Choose the financing deal that’s best for you- see if

companies will compete for your business.

3

Step

Fly - Fight - Win

Interest Rates and Loan Terms

Fly - Fight - Win

Arranging Your Down Payment

 Unless you receive 100% financing from your bank, you will be

required to pay a down payment.

 Amount depends on selling price of vehicle

 Three sources:  Cash  Factory rebates  Your trade-in

 If you are a first-time buyer or have questionable credit,

you may be required to put down a larger down-payment.

 Ex./15-20%

3

Step

Fly - Fight - Win

Lease or Buy?

 8 Reasons Not to Lease:



Penalty for excessive mileage



Need good credit to lease



Required to maintain the car as if you own it



Quoted lease payments may not include sales tax



May be a large return fee at the end of the lease



Difficult to terminate lease early



Payments may not be lower than if you bought the car

 3 Reasons to Consider Leasing:



You know you will keep the car for ONLY 2-3 years



Car manufacturer is offering a “lease special”



Accountant advises you to lease versus buy

3

Step

Fly - Fight - Win

Buying Like an Expert

4

Step

Fly - Fight - Win

Getting Ready to Go

 What to bring:

 The invoice price for the car you are interested in  Checkbook and/or cash for down payment  Loan pre-approval forms  Auto insurance information  Driver’s license  Social security card  Title and registration, if you are trading in a car

 Who to Bring:

 If vehicle will be jointly-owned, bring spouse  Friend who is not emotionally involved in the situation

4

Step

Fly - Fight - Win

How to Keep Your Sanity

 Think twice before you buy.  Before you “seal-the-deal,” examine everything with a fine-

tooth comb.

 Vehicle’s exterior – dings, scratches, dents  Vehicle’s interior – rips and tears in fabric, scratches  Ensure vehicle has all features you are paying for

 Size of engine  Interior/Exterior equipment

 Test drive the vehicle  Read everything PRIOR to signing anything!

4

Step

Fly - Fight - Win

4

Step

FIRST Rule of Negotiating Never appear anxious, worried, or desperate. Remain calm, casual, and willing to walk away at any time. SECOND Rule of Negotiating Never negotiate down from the sticker price. Always negotiate UP from the invoice price (new cars)

• r wholesale price (used cars).

Negotiating the Selling Price

Fly - Fight - Win

Negotiating the Selling Price

• 1. Salesman will ask basic questions.
• - Tries to make the negotiating start out friendly
• 2. He will want to discuss monthly payments.
• Never negotiate based on monthly payments.
• - “I’m not interested in discussing monthly payments.

I only want to talk about the selling price of the vehicle.”

• -- Negotiate up from dealer’s cost.
• 3. How will you be paying for the vehicle?
• “I only want to talk about the selling price right now.

We can discuss finances later.”

4

Step

Fly - Fight - Win

4

Step

• 6. Once you’ve made an offer, be quiet!
• The salesman will probably insist your offer is too low.

THIRD Rule of Negotiating Whoever speaks first after an offer is made is in the weaker negotiating position.

• 7. The salesman will try to get you to raise your bid.

FOURTH Rule of Negotiating Never negotiate against yourself. Never raise your own bid until they make a counteroffer.

Negotiating the Selling Price

Fly - Fight - Win

4

Step

• 8. Let the games begin!
• The salesman will walk over to the Sales Manager’s office
• - Sit back and relax.
• -- Sooner or later, the salesman will return.
• --- He and/or his Sales Manager will present their

counteroffer.

• --- Sit and think.
• --- They will probably speak first to break the tension.
• --- At the appropriate moment, show your flexibility

by raising your bid. FIFTH Rule of Negotiating Always raise your offer in small increments- $50 - $100 at a time.

Negotiating the Selling Price

Fly - Fight - Win

4

Step

9.

The game will go on…

• - They will shake their heads, try all sorts of lines, theatrics,

and ploys to get you to spend more than you have planned. 10. Eventually, your offer will rise to your pre-set limit. When it does, don’t budge! 11. If they won’t sell at YOUR price…

• Thank them and leave.
• - If they WILL sell at YOUR price…

Negotiating the Selling Price

Fly - Fight - Win

Closing the Deal

 Negotiations finally end when:  They are convinced you absolutely cannot or will not go any

higher in your price.

 They know they are making a profit…

even a minimal one.

 With negotiations complete, the salesman leads you into the

Business Office.

4

Step

Fly - Fight - Win

Inside the Business Office

 Offers you “extras”…  Extended warranty  Paint and fabric protection  Rust-proofing and undercoating  Alarm system  Window tinting  Life, health, disability insurance  Remember…the Business Manager is another salesperson working on

commission.

 Formalities of signing forms and agreements-

Financing, interest rate, other details explained…read fine print!

4

Step

Fly - Fight - Win

THOUGHT TO REMEMBER…

Car buying is a process… not an event!!!

Fly - Fight - Win

150

Understanding the “Car Buying Game”

Questions?

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Base Specific Issues

Airman & Family Readiness Center FTAC Presentation

Fly - Fight - Win

Base Specific Issues

 PCSing  Expenses / Expectations  Detrimental Business Practices  State or Country Liability Laws  Gap Insurance

Fly - Fight - Win  Contact local A&FRC for relocation resources  Establish or transfer banking  Notify creditors of address change  Transfer auto insurance coverage 

Research the area (schools, housing, commute)

 Ask questions about local community resources 

Letter of reference for utility companies (discounts)

PCSing

Fly - Fight - Win

 Payday Loans

 Rent-To-Own  Title Loans  Zero Down / Zero Payments  Take Home Today!!  High Interest / High Pressure Auto Dealers  Pawn Shops  Tax Refund Anticipation Loans  Loan Consolidation

Detrimental Business Practices

Fly - Fight - Win

 Unfair/abusive loan terms  Aggressive sales tactics  Take advantage of borrowers’ lack

• f understanding

 Complicated transactions  Deception  Also available online

Predatory Lending

Fly - Fight - Win

 Borrower writes a post-dated check or provides bank account info to

cover amount borrowed.

 If not paid off, borrower continues to pay “fee” indefinitely until entire

amount borrowed is paid. Fee NEVER applies to the loan.

How does Pay Day lending work?

Fly - Fight - Win

 Fees equal 400% APR and higher  Capped at 36% for military and their dependents as of

Oct 2007 (also includes other stipulations for military personnel)

 75% of payday customers cannot pay back the loan in

two weeks

 Payday lenders make it easy to borrow, but hard to pay

• ff

Problems w/ Pay Day Lending

Fly - Fight - Win  Negotiating new payment plan with creditors.  Personal/consumer financial management counseling:

 Airman & Family Readiness Center  Military One Source: http://www.militaryonesource.mil/

 Borrowing from family.  Emergency assistance programs: Air Force Aid Society  Cash advances on credit cards (not the best choice but better than

predatory lenders)

 Small consumer loans

Alternatives to Pay Day Lending

Fly - Fight - Win

Sou

• urce

rces of

• f He

Help lp

• Reduce interest rates & stop late and over the limit

fees

• Consolidate your unsecured debt into one easy

monthly payment

• Pay off your debt in most cases within 5 years
• Develop a workable budget!

Fly - Fight - Win

Other “Things” to Avoid…

Credit and Debt Management

Fly - Fight - Win

Car Title Loans

“Get Cash for a Car Title Loan Today!” “Keep Your Vehicle – No Credit Checks – Easy Online Form – Get Cash in 15 Minutes!” “No Proof of Employment or Income Required!”

Example: Borrow $500 for 30 days at 25% per month (e.g. 300% APR) = $125 interest! Second month pmt: $625 x .25=$156.25 so $625 + $156.25 = $781.25

Fly - Fight - Win

Tax Refund Anticipation Loans



No longer permitted, but replaced with similar products.



Short-term cash advances against a customer's anticipated income tax refund.



The interest can be the equivalent of an annual percentage rate (APR) of 70% or more.



Example: On a refund of about $3,300, you might pay over $300 for tax preparation services and loan fees for just a one or two-week loan.



For military members, capped at 36% APR.

Fly - Fight - Win

Renting will cost $1,439.76!

Rent-to-Own Contracts

 Businesses charge a weekly or monthly rental for a

stated period of time on a piece of property that is eventually owned by the consumer.

 Late fees are exorbitant!

40" Smart 1080P LED TV $59.99/mo | 24-mo lease Everyday low price: $899.99

Fly - Fight - Win

Pyramid Schemes



Participants attempt to make money solely by recruiting new participants into a “program” (appearing to have legitimate products or services to sell).



These schemes promise sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same.



Eventually the pyramid will collapse. Example: http://www.investigationdiscovery.com/famous- cases/videos/the-madoff-mystery-the-ponzi-scheme.htm

Fly - Fight - Win

Affinity Fraud



Affinity fraud occurs when an individual takes advantage of a particular group, by claiming (either directly or indirectly) to be part of that group.



They normally sell investments and/or insurance policies that are unnecessary or poor choices.



http://www.businessinsider.com/ sec-shuts-down-marines-hedge- fund-2013-8

Fly - Fight - Win

FTC Survey for 2011: Shows an estimated 25.6 million Americans fell victim to fraud…most found online… Let’s take a closer look…

On-Line Scams

Fly - Fight - Win

• Accounts for half of all complaints

registered with the FBI! The setup: Send in money for a product and get nothing in return. What actually happens: You never get the product promised or the product doesn’t match the promise. The risk: You get ripped off and lose money.

Auction Fraud

Fly - Fight - Win

Phishing

1 in 392 emails contain a phishing attack! The setup: You receive an e-mail that looks like it came from a bank warning you about identity theft. What actually happens: The e-mail looks real and may actually be the real website. However, the information requested by you is entered into a bogus website by popping up a window over the real site to capture your personal info. The risk: Your account information is sold to criminals

Fly - Fight - Win

• ---- Original Message -----

From: Customer Support To: Sent: Friday, May 13, 2005 6:05 PM Subject: Spam Alert: Security Alert! Dear Customer, We recently noticed one or more attempts to log in to your WellsFargo account from a foreign IP address. If you recently accessed your account while traveling, the unusual log in attempts may have been initiated by you. We would like to ensure that your account was not accessed by an unauthorized third party. Because protecting the security of your account is our primary concern. However, failure to change your password, will result in account suspension. To change your password click on the following link, sign on, you will be automatically redirected to change your password: https://online.wellsfargo.com/signon?SIGNON_XPC=1010 Please do not reply to this e-mail. Mail sent to this address cannot be answered. For assistance, log in to your WellsFargo account and choose the "Help" link in the footer of any page. Email ID PD469256469116177300 An actual phishing E-mail sent to a customer. Wells Fargo confirmed it was fake!

Fly - Fight - Win

The TOP 5 Online Scams Revealed

Consumer Consumer Be Bewar are!

Congratulations!

You’ve Won an Xbox (IPod, TV, etc…)

The setup: You get an e-mail telling you that you won something really cool. All you need to do is visit XYZ website and provide your debit card # and PIN to cover “shipping and handling” What actually happens: The item never arrives and a few months later, mystery charges show up on your debit card. The risk: Identity theft and lost money.

Fly - Fight - Win

Identity Theft

Credit and Debt Management

Fly - Fight - Win

Identity Theft

Fly - Fight - Win

Security Freeze

 Anyone can opt to have their credit files frozen for a

nominal fee. If victim of ID Theft – no charge w/ police report

 If the files are frozen, thieves won’t be able to get any new

credit.

 In order to apply for credit, you must “temporarily” lift your

• freeze. Lift fee must be paid.

http://consumersunion.org/pdf/SecurityFreeze-Consider.pdf

Fly - Fight - Win



State Lemon Law



Vehicle insurance coverage minimums: Georgia minimum liability limits: Bodily Injury: $25,000 per person, $50,000 per occurrence, and Property Damage liability of $25,000 per

• ccurrence.



Apartment/house rental contracts (military clauses)

State or Country Liability Laws

Fly - Fight - Win

 Insurance coverage you can purchase to pay the

difference between what is owed on a vehicle and the amount received from the insurance company if totaled.

 Example: John’s car is worth $15,000. John’s car is

totaled or stolen. He still owes $20,000 on his vehicle

• loan. John’s car insurance policy will reimburse him with

$15,000. If John has GAP insurance, the extra $5,000 he

• wes on his loan will be covered.

Gap Insurance

Fly - Fight - Win

Deceptive Insurance and Financial Reporting Agencies

 BBB Military Line  http://www.bbb.org/council/programs-

services/bbb-military-line/

 State Insurance Regulatory Agency  www.naic.org/state_web_map.htm  Federal Trade Commission/OSA  www.consumerfinance.gov/servicemembers/  Federal Deposit Insurance Corporation  www.fdic.gov

Fly - Fight - Win

182

Base Specific Issues

Questions?

I n t e g r i t y - S e r v i c e - E x c e l l e n c e

Headquarters U.S. Air Force

Financial Resources

Airman & Family Readiness Center FTAC Presentation

Fly - Fight - Win

 Financial Counseling:

 A&FRC Personal Financial Readiness Program: offers

information, education, and personal financial counseling to help individuals and families maintain financial readiness.

 One-on-one counseling  Briefings, Workshops/Seminars  Information/Referral

 Military OneSource- www.militaryonesource.mil



Base Financial Institutions: Armed Forces Bank and SEFCU

Financial Resources

Fly - Fight - Win

Air Force Aid Society (AFAS)

 The AFAS is the official charity of the USAF.  The Society has promoted the Air Force mission by

providing worldwide emergency assistance, sponsoring education assistance programs and

• ffering a variety of base community enhancement

programs that improve the quality of life for Airmen & their families

Fly - Fight - Win

AFAS www.afas.org

 Provides interest free loans or grants for emergencies  FALCON Loans  Spouse/Children education grants  HAP Arnold Grant

Fly - Fight - Win

AFAS Community Support Programs

 Bundles for Babies  Child Care for PCS  Child Care for Volunteers  Heart Link  Give Parents A Break  Car Care Because We Care  Respite Care  Spouse Employment Program

Fly - Fight - Win

Airman & Family Readiness Center

 Bldg. 400  257-3333  Our Programs:

 Personal Financial Readiness  Air Force Aid Society  Readiness  Relocation  EFMP  Personal and Work Life  Key Spouse  Volunteer and Employment  Wounded Warrior  Transition Assistance

Fly - Fight - Win

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Thank You!

Questions?