Military Saves Blog
Tips, advice, and the latest news from the savings world.
By Alecia D. Blair, Military Saves Communications Project Manager, AFC® Candidate, FINRA Foundation Fellow
Whether you have spent four or 24 years following your servicemember around the country and world, don’t forget that your spouse’s separation or retirement from the military is your military transition, too!
By FINRA Investor Education Foundation Staff
Today, 81 percent of members leave military service with no retirement benefits. None. But the military retirement system is changing. The Department of Defense (DoD) projects that under the new Blended Retirement System (BRS), which goes into effect in January 2018, 85 percent of service members will separate with portable retirement savings—partly because the BRS will automatically enroll into the Thrift Savings Plan (TSP) all new service members.
By Brian Posten, Business Development Officer at Air Force FCU, USAF Senior Master Sergeant (retired)
At age eighteen, I realized I needed a major life change, and I knew hanging around where I grew up wasn’t the answer. So, in 1988, I joined the Air Force. My intention was to do four years and get out. When my four years were coming to a close, I realized military life was perfect for me. Adventure, discipline, education, and travel—not to mention, I also received a paycheck!
By Forrest Baumhover, EA, Westchase Financial Planning, Principle
Your military transition will be one of the most challenging events in your life. Whether you’re separating after your first enlistment or retiring after a 30-year career, there will be obstacles. Here are five things you can do to ensure you’re properly prepared for your transition.
By Madeline Daniels, America Saves Digital Communications Manager
Families sending children back to school in the fall plan to spend a record $917 per child, according to a new Rubicon survey. So why the high price tag? It turns out over a third of families’ budgets are expected to go to technology.