022 ELECTION SPECIAL: Predicting the Impact of Trump 2.0 on Your Military Pay episode artwork

EPISODE · Nov 11, 2024 · 57 MIN

022 ELECTION SPECIAL: Predicting the Impact of Trump 2.0 on Your Military Pay

from Service and Wealth · host Ted E.

President Trump secured the 2024 presidential election by a wide margin -- and perhaps even more significantly the Republican Party gained seats in both the Senate and House of Representatives. As the party with an historical reputation as being more "pro-military," does Republican domination mean more pay for you next year? In this week's episode we explain the rules and processes that determine how much you get paid on the 1st and 15th, things like the Employment Cost Index (ECI) and the National Defense Authorization Act (NDAA). Don't worry, we don't waste time getting bogged down -- instead you'll walk away from listening with a complete understanding of how your Base Pay and BAH change, and by how much. In the second half of the episode, we talk bigger picture U.S. economy, and talk about how President Trump's economic and foreign policy will likely impact you over the next four years. And not just the implications on prices, inflation, and your paycheck: we also discuss how the wars in Ukraine and the Middle East, and whether they end or get worse, is likely to impact all our lives. It's an Election Special episode packed with big questions -- and big answers, so download and listen today! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

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022 ELECTION SPECIAL: Predicting the Impact of Trump 2.0 on Your Military Pay

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