Military Saves Celebrates National Save for Retirement Week 2016 and You Should, Too!

By Alecia D. Blair, Military Saves Communications Project Manager,  AFC® Candidate, FINRA Foundation Fellow

National Save for Retirement Week is October 16-22. Military Saves is celebrating by highlighting our many retirement resources to help you reach your retirement savings goals and the resources of our partners.

A quick search on our blog for the keyword ‘retirement’ provides dozen of articles to inspire you to either start saving for retirement or reach your retirement saving goals.

Those with a plan are more likely to achieve their goals. Make saving for retirement a priority by Taking the Military Saves Pledge to save and then follow the prompts to sign up for text message tips and reminders.

Remember, saving automatically is always the best way to save for retirement and to save in general.

2018: The Year of the New Blended Retirement System is Around the Corner

Servicemembers: If you haven’t yet heard about the Blended Retirement System coming in January 2018, you will be in the coming year. Educate yourself now by visiting the one-stop Department of Defense shop at: http://militarypay.defense.gov/BlendedRetirement/.

Here you will find a video, FAQs, helpful info graphics, leader training and information about upcoming events, including the following this week: 

TWITTER CHAT: Blended Retirement System, National Save For Retirement Week
Date: October 19, 2016
Time: 2-3pm EDT   
#BlendedRetirement

WEBINAR: Blended Retirement System for the Reserve Component, hosted by Military One Source
Date: October 20, 2016
Time: 1-2pm EDT
REGISTER

FACEBOOK Q&A: Blended Retirement System, National Save For Retirement Week
Date: October 21, 2016
#FinanceFriday
Time: 1-2pm EDT
REGISTER    

Thrift Savings Plan: An Exceptional Retirement Tool

The Thrift Savings Plan will play an integral part in the new Blended Retirement System, but it’s already an exceptional retirement tool for servicemembers. Learn more about plan participation, investment funds to choose from and planning/tools for all stages of your life by visiting: www.tsp.gov.

Invest Wisely With the U.S. Securities and Exchange (SEC) Investor.gov

Through its website www.investor.gov (Specialized Resources/Military), the SEC provides specialized resources to help Military families make wise investment decisions and avoid fraud. The organization releases regular bulletins to help keep investors informed. For some quick tips on investing, watch the YouTube video SEC Investor Training Tips.

Command Your Cash with USAA Educational Foundation

USAA Education Foundation recently released its Command Your Cash curriculum to “help servicemembers develop sound financial habits and take control of their personal finances.” The all-important topic of retirement is one of seven modules. Check it out today!

Find Your Way with FINRA Investor Education Foundation and SaveAndInvest.org

FINRA Investor Education Foundation offers lots of retirement and investor protection resources through its website and Military Financial Readiness Program and through its education website, www.saveandinvest.org. Select For the Military/Retirement for six topics geared towards servicemembers and the specific challenges they face saving for retirement. 

Before you invest, investigate your broker with Broker Check by FINRA.

Need a Hand with Retirement? Try Hands On Banking

Interested in creating your own retirement strategy? Visit www.handsonbanking.org, select the Military course, click on Planning for Retirement and follow the arrow prompts to discover your personal retirement strategy.

Don’t sit on the sidelines this National Save for Retirement Week. Use this week to create your retirement game plan and set a goal, make a plan and save automatically for your tomorrow, today.

 

Tip of the Day

  • Written by Guest Blogger | March 14, 2014

    Shop around for auto and homeowners' insurance: Before renewing your existing policies, check out the rates of competing companies whose annual premiums could be several hundred dollars lower. 

Saver Stories View all »

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.

Read more...

Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

Read more...

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.

Read more...