Retirement Hot Topics and More for Military Savers: Read Military Saves Top 5 Most Popular Blog Posts of 2017
With the Blended Retirement System opt-in period beginning on January 1, many service members are busy educating themselves on their retirement options. Reflecting this, three of our five most popular blogs this year on MilitarySaves.org provided retirement savings advice.
Considering A Thrift Savings Plan Rollover? Consider This.
Did you know that Americans saving for retirement have more money in IRAs than in employer-sponsored retirement plans like the Thrift Savings Plan (TSP)? And the largest source of IRA contributions comes from individuals who move their money from the TSP or similar 401(k) or 403(b) plans when they leave a job, according to the Employee Benefit Research Institute.
That's called a rollover—and you've likely seen ads or heard messages encouraging you to roll your TSP account to an IRA. But if you are thinking about rolling over money from your Thrift Savings Plan (TSP) into an IRA, take some time to consider your options—one of which is to stay put in the TSP, or even transfer money from another retirement account into your TSP. Read more >>
Sign Up and Save with the Thrift Savings Plan (TSP)
The Thrift Savings Plan (TSP) is a retirement savings plan that you can keep no matter where your career takes you. This article will answer common questions about signing up for the TSP, explain how to keep your information current, and share some facts about your investment options. How do you sign up for the TSP? Read more >>
Changing Where You Stay? Make the Change to Your Thrift Savings Plan (TSP) Account in myPay
Think about it: How many times has your address changed since you’ve started contributing to the Thrift Savings Plan (TSP)? If you’re like many of your fellow military members, you’ve probably had a permanent change of station (PCS) more than a few times, and with all of the chaos that comes with relocating, changing the mailing address associated with your TSP account may not be at the top of your list. However, it is important that you update the TSP section of your myPay account each time your address changes so that you will continue to receive correspondence from the TSP. Read more >>
Military Millennials: What the Research Reveals
Millennials are the largest cohort in the U.S. workplace today. While millennials make up about 30 percent of the general population in the U.S., they constitute nearly three quarters of the service men and women in the military. Understanding the financial capability of millennials in the military is an important step toward understanding the financial capability of the military in general. Read more >>
8 Questions to Ask before Opening a Bank or Credit Union Account
As of March 2017, there were 5,856 banks and 5,857 credit unions nationwide. So you have lots of options of where to manage your money, but which should you do business with? Both banks and credit unions offer financial products that include checking and savings accounts, and loans, but they do have two major differences. Read more >>
Are you trying to save money? Let Military Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. We'll keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.
Get a head start on your 2018 financial goals by checking out our top 5 blog posts from 2017, packed with great #moneysaving tips: http://bit.ly/2DoBJMR
- Written by Lani Poblete
- Category: Blog
- Published: 21 December 2017