Military Saves Blog

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Tips, advice, and the latest news from the savings world.

5 Holiday Mistakes That Could Cost You

Holiday holiday spending holiday savings
Written by Darlene Aderoju · 30 November 2018

The holidays are just around the corner, which means it’s time to enjoy vacations, catch up with family and friends, and eat great food. While the holidays are about quality time and making memories, it’s easy to get caught up with spending money. Here are five holiday mistakes to avoid this year so you can enjoy the season with your finances intact:

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BRS: To Opt-In or Not – Time is Running Out

Written by Guest Blogger · 13 November 2018

By Andia Dinesen, Executive Vice President for Communications & Operations, Association of Military Banks of America

December 31, 2018 will be the last day, for those who are eligible, to opt-in to the Blended Retirement System (BRS).  Knowing your options, understanding implications for your future, effects on your current budget, weighing pros and cons of staying on the Legacy (HIGH-3) or opting into BRS, should play a role in your decision. This is an important personal decision.

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3 Benefits Every Veteran Should Know About

Written by Darlene Aderoju · 09 November 2018

Veterans have earned benefits that honor them for their service. Some of these benefits include free tax preparation services and burial services. These benefits are a thank you to retired service members for their years of dedicated service. Here are three benefits every veteran should know about than can help them and their families save on expenses. 

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Should I Stay or Should I Go…Into the Blended Retirement System?

Written by Alecia Blair · 31 October 2018

By Alecia D. Blair, AFC®, Military Saves Director 

Cue the first line of lyrics from The Clash’s 1982 hit song, Should I Stay or Should I Go! For eligible service members who haven’t already made their decision regarding whether to stay in the Legacy Retirement System or go into the new Blended Retirement System, that is the question. And the countdown to decide is on. 

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How to Know If You Have Enough Money to Retire

Written by Guest Blogger · 25 October 2018

By Lauren Minches, Actuary, Blueprint Income

Retirement, from civilian jobs, has become more complicated ever since employers stopped offering traditional pensions. Even worse, there’s an endless barrage of products, advertisements, and commercials trying to “help” you get ready for retirement. There’s enough advice floating around to create thousands of different retirements.

Before deciding which product, investments, or plan is right, you should understand the basic principles and math behind a successful retirement. So here they are…

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Tip of the Day

  • Written by Guest Blogger | September 30, 2014

    The Thrift Savings Plan (TSP) offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. Sign up or get more info at tsp.gov

Saver Stories View all »

One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

Then I decided I'd had enough of living paycheck to paycheck and worrying about money all the time.

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60 Teens participate in Massachusetts Youth Saves Program

Written by Super User | November 26, 2010

During the months of June & July, 60 teenagers aged 13-19 from Marine, Coast Guard, Army, and Air Force families attended Youth Saves programs across the Commonwealth of Massachusetts to help increase their knowledge of financial literacy.

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Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

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