Military Saves Blog
Tips, advice, and the latest news from the savings world.
By Greg Murray, Vice President, Wells Fargo Home Mortgage
As you think about your finances during Military Saves Week, buying a home may be one of the goals on your mind.
By Dr. Barbara O’Neill, Financial Management Specialist, Rutgers Cooperative Extension
It is very common for people to receive extra income during tax season. Almost 83% of tax filers in 2016 received refunds and the average refund was $3,120. Other types of cash windfalls include gifts, inheritances, settlements, contest prizes, lottery winnings, and life insurance proceeds.
By Kevin Driscoll, CFP®, VP, Advisory Services, Navy Federal Financial Group
It’s great to see saving for retirement was the top goal for Military Savers in 2017. It’s top of mind once again as the Blended Retirement System rolls out for service members this year. So, how do we turn our retirement savings goals into reality?
By The USAA Educational Foundation
As of January 1, 2018, the new Blended Retirement System (BRS) took effect for eligible service members. The plan includes a smaller 20-year military retirement annuity, automatic and matching contributions to the Thrift Savings Plan (TSP), a mid-career continuation pay component, and lump-sum distribution options at retirement. Here are four ways you can maximize your retirement with the Blended Retirement System.