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BRS: Should I stay or should I go?

Retirement Retirement Savings partner resource packet Blended Retirement System
Written by Tammy G. Bruzon · 23 October 2018

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.

Please share the article, social media content, graphics, and resources provided with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge—an important step in creating a plan to reach their savings or debt reduction goals. After all, those with a plan are more likely to achieve their goals!

In This Packet:

Blog Content

Social Media Content

Relevant Resources

Join Our List


Blog Content

For use in communications that directly reach your constituents. We encourage you to use this content as guest posts or rewrite them as your own.

 

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

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. 

Eligible service members who are still unsure have until Dec. 31, 2018 to make their selection, which is a big financial one-size-does-not-fit-all decision that has equally big implications on their military retirement.

But rest assured, you, the undecided service member, do not have to make this decision alone! 

Here is a five-step checklist to help you get organized, take control, and know exactly what you need to do to make the best decision for you and your family:

Five-Step BRS Checklist to Success Explained

Step 1: Determine your eligibility.

If you haven’t already, the first step in considering the BRS is to determine whether or not you are eligible for it.

It's important to know that all service members serving as of Dec. 31, 2017, are grandfathered into the current Legacy Retirement System and will not be automatically moved to the BRS. 

If you wish to move to the BRS, you will need to "opt-in" during the one-year opt-in period before Dec. 31, 2018.

Step 2: Take the mandatory BRS Opt-In Course.

To ensure service members fully understand their retirement plan options, all eligible service members are required to take the BRS Opt-In Course. The course is mandatory and must be completed before a service member can opt-in to the BRS. 

Step 3: Educate yourself on the BRS and use the BRS Comparison Calculator to analyze your estimated benefits. 

Learn more about the BRS by visiting the one-stop U.S. Department of Defense shop at Military Compensation. Here, in addition to the BRS Opt-in Course, you will find timelines, informational videos (including the Ask Robyn series), frequently asked questions, BRS for Military Spouses Infographic and the BRS Comparison Calculator to help you run the numbers.

Additional information on the BRS may be found at these sites:

The BRS Comparison Calculator is designed to assist eligible service members in comparing the Legacy Retirement System (commonly referred to as the "High-3 System") to the BRS. It is intended to be used in conjunction with the mandatory BRS Opt-In Course.

Step 4: Schedule an appointment to consult your installation personal financial manager/counselor.

This is one decision you don't need to make on your own. Personal financial managers (or PFMs) and personal financial counselors (or PFCs) are available at military installations around the world to provide free, high-quality financial counseling. You can also talk to a PFC by calling Military OneSource at 800-342-9647. 

These professionals can help educate you on the BRS as you consider your options. Use this benefit today, but be wary of financial consultants or salespeople posing as financial experts who offer BRS education and try to get you to purchase other services for a fee.

Step 5: Make your decision between Jan. 1, 2018 and Dec. 31, 2018.

You and other eligible service members should take the time to educate yourselves now. Again, you have until Dec. 31, 2018 to make your decision about which system is right for your financial goals.

  • If an eligible service member wants to stay covered under the current legacy system, they are not required to take additional steps. (However, Marines have to affirmatively decline enrollment in the BRS through Marine Online.)
  • If an eligible service member decides the BRS is for them, they must opt-in by Dec. 31, 2018.

To learn how to opt-in based on your branch, check out Resources/How to Opt-In to BRS.

All service members who are now entering the military (after Jan. 1, 2018) are automatically enrolled in the BRS. 

For all the latest information on the BRS, visit DoD Military Compensation/BRS.

When it comes to the BRS, you've got this! And Military Saves is here to help you stay on track. Take the Military Saves Pledge to set your savings goal for retirement and follow the prompts to opt-in to receive text message reminders and tips. Think of Military Saves as your personal savings support system. 

Alecia D. Blair, AFC®, is the Director of Military Saves, a nonprofit program, which seeks to motivate, encourage, and support service members and their families to save money, reduce debt, and build wealth. Learn more at militarysaves.org.

 

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Social Media Content

Share the following messages with your followers.

#SavingsTipTuesday

Weigh your retirement options before it’s too late. Dec. 31, 2018 is the deadline for eligible service members to opt-in to the #BlendedRetirement System. #SavingsTipTuesday

Active Duty service members with fewer than 12 years of total service as of Dec. 31, 2017 are eligible to opt into the #BlendedRetirement System. #SavingsTipTuesday

 

#WednesdayWisdom

If you have questions about the #BlendedRetirement System, Personal Financial Managers and Counselors at your military installation are available to educate you on your retirement options.  #WednesdayWisdom

Using the #BlendedRetirement System Comparison Calculator can help you make a decision about which retirement system is best for you. #WednesdayWisdom

 

#SavingsFactFriday

In order to opt-in to the #BlendedRetirement System, you must first take the mandatory BRS Opt-In Course. #SavingsFactFriday

You can analyze your estimated benefits through the #BlendedRetirement System by using the BRS Calculator. #SavingsFactFriday

Additional Post

Cue @TheClash’s song: Should I Stay or Should I Go! If you’re an eligible service member, decide whether to stay in the Legacy Retirement System or go opt-in to the #BlendedRetirement System. You have until Dec. 31, 2018 to make this important decision.

 

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Relevant Resources

Use and share the following resources with your audience and with partnering organizations. 

From Military Saves

Resources and Research

Department of Defense

Federal Retirement Thrift Investment Board

FINRA + FINRA Investor Education Foundation

The USAA Educational Foundation

Wells Fargo

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Do you know your credit score?

Credit History Credit Score Credit Credit Report Managing Credit
Written by Tammy G. Bruzon · 27 July 2018

People who check their credit score regularly are more likely to understand how scoring works than those who don’t. The impact can be significant. Understanding how credit scores work translates into knowing how a credit score can impact interest rates and ultimately how much it costs individuals to borrow money.

Monitoring your credit report and credit score can also help you catch identity theft and credit fraud activity faster. July 2018 is Military Consumer Protection Month, a perfect opportunity to encourage your constituents to show their credit some extra attention.

Please share the article, social media content, graphics, and resources provided with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge—an important step in creating a plan to reach their savings or debt reduction goals. After all, those with a plan are more likely to achieve their goals!

Your feedback is important to us. Please take a moment to complete a four-question survey on the usefulness of the resource packet material.

In This Packet:

Blog Content

Social Media Content

Relevant Resources

Join Our List


Blog Content

For use in communications that directly reach your constituents. We encourage you to use this content as guest posts or rewrite them as your own.

Do you know your credit score?

By America Saves 

Free credit freezes are coming soon

By Federal Trade Commission

Do you know your credit score?

By: Darlene Aderoju

People who check their credit score regularly are more likely to understand how scoring works than those who don’t, according to a new survey released by the Consumer Federation of America and VantageScore. The survey also revealed that the number of people who have checked their credit score recently has increased.

Whether you’re intending to use your credit soon or simply looking for ways to improve it for the future, here are three things you should know about your credit score:

  1. Missed payments can lower your score.
    Did you know that if you miss a payment on your credit card, car note, or student loans your credit score can be negatively affected? Payment history is one of the major components of your credit score. When you pay your bills on time each month, your credit score will gradually start to increase. If you miss payments or your bill is sent to a collections agency, your score will decrease.

    If you frequently miss payments, your score could drop significantly, and it will take time to raise your score again. If you can’t afford to pay your balance in full, at least pay the minimum amount on time.
     
  2. Keeping a high credit card balance lowers your score.
    Believe it or not, carrying a high credit card balance from month to month can harm your credit score. Credit utilization is the percent of your credit limit that you use each month, and your credit utilization ratio is a key component of your credit score. A good rule of thumb is to keep your credit card balance under 30 percent of your overall credit card limit. For example, if you have two credit cards that each have a limit of $500, your total available credit is $1,000. In this instance, you will want to keep your balance below $300, or 30 percent, of your total limit.

    A large credit card balance can also feel overwhelming to pay down. When you aim for a low balance and pay your bill in full each month, you get a fresh start each billing cycle.
     
  3. Checking your credit report will not change your score.
    Annual check-ups on your credit reports will make sure they are error-free and won’t impact your credit score. This can be done for free each year at www.annualcreditreport.com or by calling 800-322-8228.

    Additionally, many financial institutions will let you check your credit score online for free. When you regularly monitor your score, you can see how your financial decisions are impacting your credit potential. Some tools may also show you how you measure up in the major credit scoring criteria, including payment history, utilization, and age of credit history.

Want to learn more about credit and your score? Take the short quiz offered by CFA and VantageScore online to test your knowledge at CreditScoreQuiz.org.

Darlene Aderoju works for America Saves, managed by the nonprofit Consumer Federation of America (CFA), which seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. Learn more at AmericaSaves.org.

 

Free credit freezes are coming soon

By Lisa Weintraub Schifferle, Attorney, Federal Trade Commission (FTC), Division of Consumer & Business Education, as published on militaryconsumer.gov

Looking for stronger ways to protect your credit? Thanks to a new federal law, soon you can get free credit freezes and year-long fraud alerts. Here’s what to look forward to when the law takes effect on September 21:

Free credit freezes

What is it? A credit freeze restricts access to your credit file, making it harder for identity thieves to open new accounts in your name. Usually, you get a PIN to use each time you want to freeze and unfreeze your account to apply for new credit. 

What’s new? Currently, credit freezes may involve fees, based on state law. Starting this fall, it will be free to freeze and unfreeze your credit file throughout the country.

Free child credit freezes

What is it? A child credit freeze allows you to freeze a child’s credit file until the child is old enough to use credit.

What’s new? Currently, some state laws allow you to freeze a child’s credit file. Starting September 21, no matter where you live, you’ll be able to get a free credit freeze for children under age 16.

Year-long fraud alerts

What is it? A fraud alert will tell any business that runs your credit that they should check with you before opening a new account.

What’s new? Currently, fraud alerts last 90 days. Starting this fall, an initial fraud alert will last for one year. It will still be free and identity theft victims can still get an extended fraud alert for seven years.

The new law has a long name – Economic Growth, Regulatory Relief, and Consumer Protection Act – but the outcome is simple. When the law takes effect in September, Equifax, Experian, and TransUnion must each set up a webpage for requesting fraud alerts and credit freezes. The FTC will also post links to those web pages on IdentityTheft.gov.

And if you’re in the military, there’s more. Within a year, credit reporting agencies must offer free electronic credit monitoring to all active duty military.

If you want to stay tuned on this law and get other tips, sign up for the FTC's Consumer Information Updates.

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Social Media Content

Share the following messages with your followers.

#SavingsTipTuesday

Keep your balance low. Maintaining low credit utilization is a sign of good credit management and shows lenders you are a good credit risk. http://bit.ly/2LxtodA v/@MilitarySaves #SavingsTipTuesday

Use your credit wisely! Avoid applying for multiple accounts in a short period of time. Taking on large amounts of debt in a short time is a sign of high credit risk. https://bit.ly/2JHzCFV v/@MilitarySaves #SavingsTipTuesday 

A study by @FederalReserve says that credit can affect your relationship. Check out this info from @FINRAFoundation about how credit can affect your love life. https://bit.ly/2Nwjcmc v/@MilitarySaves #SavingsTipTuesday 

#WednesdayWisdom

You can get out of debt and save money by managing your debt and credit responsibly. https://bit.ly/2LAuy8f v/@MilitarySaves #WednesdayWisdom

Never miss a credit payment! According to @USAAEF, 35 percent of your FICO credit score is based on your payment history. https://bit.ly/2zVezAl @MilitarySaves #WednesdayWisdom

If you want to start investing, check out these tips from The Office of Investor Education and Advocacy. https://bit.ly/2sVKJp6 v/@MilitarySaves cc: @SEC_Investor_Ed #WednesdayWisdom

#SavingsFactFriday

A high #credit score can make it easier to get an apt., utilities, or even a job. http://ow.ly/MoKT9 v/@MilitarySaves #SavingsFactFriday

Carrying a large balance on your credit cards from month to month can lower your credit score. v/@MilitarySaves #SavingsFactFriday

Additional Posts

Let @MilitarySaves help you stay committed to your savings goal! Take the pledge today:  https://bit.ly/1QJmGvA 

Want your free #credit report from the three main credit bureaus? All you have to do is ask! http://bit.ly/2LtzlIt @MilitarySaves

Have a savings tip or story that others might benefit from? Share it w/ @AmericaSaves and you could win $25: http://bit.ly/2oiP4iv

 

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Relevant Resources

Share the following resources with your audience and with partnering organizations. 

From Military Saves  

Blog Articles

Resources and Research

Annual Credit Report (once-a-year), AnnualCreditReport.com or (877) 322-8228

Better Money Habits, Building credit and keeping yours healthy

Consumer Financial Protection Bureau (CFPB), Credit reports and scores

CreditScoreQuiz.org & CuestionarioparaelPuntajedeCredito.org, this is an informational tool developed by the Consumer Federation of America (CFA) and VantageScore Solutions.

Credit Reporting Bureaus

FINRA Investor Education Foundation:

Hands on Banking, WellsFargo, All about credit

Money Under 30, Good Credit Matters: How to Understand and Improve Your Credit Score

myFICO

Military Consumer

Military OneSource:

The USAA Education Foundation:

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Military Life: Deployment, PCS Moves and TDYs, Oh My!

Written by Tammy G. Bruzon · 19 April 2018

The costs associated with deployment, permanent change of station (PCS) moves, and temporary duty (TDY) bring unique financial challenges to service members and military families. This partner packet provides tools and resources that help service members and their families save money and overcome these financial challenges.

Please share the article, social media content, and resources provided in this partner packet with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge, an important first step in creating a plan to reach their savings and debt reduction goals. After all, savers with a plan are twice as likely to save successfully for things like emergencies and retirement.

Download the partner packet in word.

In this Packet

Sample Article

Social Media Content

Tools and Resources

Join Our List

Sample Article

For use in communications that directly reach your constituents. We encourage you to use its contents as a guest post or rewrite it as your own.

Understanding the Service Member Civil Relief Act Can Save You Money

Military life comes with its share of change—deployments and permanent change of station (PCS) moves—to name just a couple. And these changes may, at times, make it difficult to honor financial and legal commitments that were made prior to joining the military.

The Service Members Civil Relief Act (SCRA) provides “protections for service members in the event that legal or financial transactions adversely affect their rights during military or uniformed service,” according to the Consumer Financial Protection Bureau. The SCRA provides the following protections for service members that could save them money and financial stress:

  1. Six percent credit cap on pre-service loans and credit protection from lenders when invoking SCRA.
  2. Legal protections from default judgments in civil cases.
  3. Special protection again the foreclosure of their homes if they purchased the residence before going into active duty service.
  4. Protections against repossession of pre-service property, including vehicles.
  5. Rights to terminate housing and automobile leases signed before entering the service or when PCS orders arrive.

Additionally, SCRA also allows you to terminate your cell phone contract if you move to a location that doesn’t offer coverage with your current provider. It also offers some taxation protection. So, in its essence, the SCRA helps ensure that service members are not penalized legally or monetarily for their military service.

Know your rights under the SCRA. It could save you money on things, such as cell phone plans you can no longer use when deployed or apartment leases you need to break to move for the military.

Additional SCRA Resources:

Consumer Finance Protection Bureau: SCRA Fact Sheet
SaveandInvest.org: Getting to Know the SCRA
HandsOnBanking.org: SCRA
MilitaryOneSource.mil: SCRA
Military.com: SCRA

Alecia D. Blair, AFC®, is the Director of Military Saves, a nonprofit program, which seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. Learn more at militarysaves.org.

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Social Media Content

Share the following messages with your followers.

#SavingsTipTuesday

Military life can cause unexpected expenses. Save for a rainy day by creating an emergency fund. >> https://bit.ly/2IENbpx v/@MilitarySaves #SavingsTipTuesday

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Planning for retirement? Don’t forget to automate your contributions into the #BlendedRetirementSystem. >> https://bit.ly/2uyLGap v/@MilitarySaves #SavingsTipTuesday

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Don’t limit spring cleaning to your home; it’s time to clean up your finances too. >> https://bit.ly/2qhyLou v/@MilitarySaves #SavingsTipTuesday

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Shop smart for your next PCS move with these money saving tips. >> https://bit.ly/2GNeZaS  v/@MilitarySaves #SavingsTipTuesday

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Calling all SMs: learn some basic training tips to invest wisely. >> https://bit.ly/2GOudMN v/@MilitarySaves #SavingsTipTuesday

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#SavingsFactFriday

Did you know the SMs Civil Relief Act allows you to end a housing lease without paying a fee if you deploy for 90 days or more? @MilitarySaves #SavingsFactFriday

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Looking to buy a home? You can take out a VA Loan from an individual bank. >> https://bit.ly/2uVg5Qe v/@MilitarySaves #SavingsFactFriday

 

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You can place an “active duty alert” on your credit report and reduce your risk of identity theft during deployment. @MilitarySaves #SavingsFactFriday

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About 60 percent of SMs don’t have enough money saved up to cover three months of expenses, start saving today so you can break the cycle. >> https://bit.ly/2IEH5FC v/@MilitarySaves #SavingsFactFriday

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You can use your special deployment pay as an opportunity to jumpstart your savings. @MilitarySaves #SavingsFactFriday

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Additional Posts

Still looking for reasons to save? Here are three reasons to save automatically: https://bit.ly/2Jy5huz v/@MilitarySaves

Back from a long deployment? Don't rush into your next big purchase. Take your time and do your research first >> http://bit.ly/2HRW9TQ v/@USAAEF #MilitarySaves

One of the challenges of being a #MilSpouse is keeping the finances in order on the homefront, here’s how to make it easy >> https://bit.ly/2uZpKp1 v/@MilitarySaves

Eliminate concern about your personal finances by doing a little planning leg-work before you go. Learn more from @FINRAFoundation >> http://bit.ly/2Huxu46 #MilitarySaves

You can save money while you’re on deployment by turning off your phone or terminating your lease! Get more tips from #MilitarySaves! https://bit.ly/2EHmVsh

Are you a good saver? Assess your finances with these three questions: https://bit.ly/2EFvjbX v/@MilitarySaves

Deal successfully with your family finances throughout the stages of deployment by having a plan, sticking to it and re-evaluating/adjusting that plan. >> http://bit.ly/2I4YCYI v/ @FINRAFoundation @MilitarySaves #MilSpouse

Deployments and PCS can be challenging for military families. Prepare for these events financially to make them as stress-free as possible! >> http://bit.ly/2vK9LeO v/ @handsonbanking #MilitarySaves

 

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Tools and Resources

Share the following resources with your audience and with partnering organizations.

Military Saves:

Consumer Finance Protection Bureau:

Experian:

Federal Trade Commission:

Military Consumer:

Military.com:

Military One Source:

Veterans United Network:

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Subscribe to Military Saves partner updates to be the first to receive new partner packets, the latest savings news and research, and information about Military Saves Week.

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The BRS Hub

Blended Retirement System
Written by Tammy G. Bruzon · 29 May 2018

 

 

 

Tax Time Savings

Written by Lani Poblete · 12 January 2018

Tax season is swiftly upon us and soon taxpayers will be preparing to file their taxes and planning for their refunds. The IRS estimates that 20 percent of taxpayers who are eligible for the Earned Income Tax Credit (EITC) fail to claim it, which could mean the difference between getting ahead or staying in the red in 2018. Making sure that taxpayers are aware of the credits and assistance available to them, as well as the impact that delays may have on their refund plans, has never been more important.

Please share the article, social media content, and resources provided in this partner packet with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge—an important step in creating a plan to reach their savings or debt reduction goals. After all, those with a plan are more likely to achieve their goals!

Download the partner packet in word.

In this Packet

Sample Article

Social Media Content

Tools and Resources

Sample Article

For use in communications that directly reach your constituents. We encourage you to use its contents as a guest post or rewrite it as your own.

3 Ways to Save More Money This Tax Season

Tax filing season is upon us once again—an opportunity to assess your financial situation, set goals for the year, and find ways to save towards those goals. Here are three easy ways to save money this tax season and get a jumpstart on your savings goals in the New Year:

1. Check Your Withholdings to Find More Money in Your Paycheck

Do you receive a large tax refund every year? If yes, check your tax withholdings and adjust those withholdings to match the number of dependents in your household to receive more money back in your paycheck throughout the year. Receiving a large tax refund may indicate that you're giving Uncle Sam an interest-free loan on your money, so now's the time to take a second look at your refund strategy.

To start, check that the number of your dependents match the number of dependents in your Leave and Earning Statement (or LES) on MyPay. If not, consider adjusting your withholdings. For example, a married service member with two children can claim four dependents, including himself or herself.

Run the numbers on online calculators, such as suburbancomputer.com to see how these changes might impact your paycheck. If receiving a large tax refund (or whatever refund you do receive) during tax season works for you, save a portion of your refund with SaveYourRefund to be entered for a chance to win up to $10,000 in cash prizes!

For more information and to learn how to commit to saving prior to the start of tax season, visit saveyourrefund.com. Then, take the Military Saves Pledge to identify a goal for that savings.

2. See if You Qualify for the Earned Income Tax Credit Service members and families should not overlook the Earned Income Tax Credit (EITC), "refundable federal income tax credit for low- and moderate-income working individuals, couples and families." The IRS estimates that about 20 percent of taxpayers who are eligible for the EITC fail to claim it, or are simply unaware that they qualify. It's one of the reasons you should always file your taxes, even if you don't think you owe or will receive money. If you qualify for this tax credit, the money you receive from it may be used to fund your savings goal! Take note of these three things:

  • You can't get the EITC unless you file a federal tax return and claim it. Visit irs.gov to determine your eligibility and get additional information.
  • If this is the first year that you are claiming the credit, use the IRS EITC Assistant to see if you qualify for tax years 2017, 2016, and 2015. You can file any time during the year to claim an EITC refund for up to three previous tax years. Talk about a bonus!
  • The IRS cannot issue refunds before mid-Feb, 2018 for tax returns that claim the EITC or Additional Child Tax Credit. But that doesn't mean you can't file when you normally would. Early filers can make the most of this delay by planning to save that refund and avoiding refund anticipation products, offered by commercial tax preparers. Although they loan the amount of your tax refund to you quickly, the fees will have you seeing red, so filers beware!

3. File Your Taxes for FREE If your tax return is pretty straightforward, consider using your installation's free tax filing service. To contact your installation's tax center, visit the official source for installation and state resources available to you. 

Military OneSource is also available to eligible service members to help with online assistance, resources, and filing.

Set yourself up for financial fitness in 2018 by being aware of these three ways to find and save more money this tax season to achieve your goals. When it comes to saving, every dollar counts!

Alecia D. Blair is the Director of Military Saves, a nonprofit program, which seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. Learn more at militarysaves.org.

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Share the following messages with your followers.

Commit to save a portion of your tax refund and share your savings goal, and you could win one of 102 prizes up to $10,000 with @SaveYourRefund >> http://bit.ly/2CEYMWj h/t @MilitarySaves #SavingsTipTuesday

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Jump-start your savings with your tax refund. Check out these tax refund tips from @USAAEF >> http://bit.ly/2lW2LU6 #SavingsTipTuesday

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Saving for a rainy day? Put your tax refund into emergency savings: http://bit.ly/2jargdi via @MilitarySaves #SavingsTipTuesday

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Get some much needed relief. Apply your tax refund to your outstanding debt: http://bit.ly/2jap85c @MilitarySaves #SavingsTipTuesday

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Take advantage of free tax help for military families >> http://bit.ly/2E83IA9 via @FINRAFoundation #SavingsTipTuesday

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#SavingsFactFriday

Saving even $50 of your tax refund can make all the difference. @SaveYourRefund: http://bit.ly/2i8VJvC @MilitarySaves #SavingsFactFriday

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The IRS will never send unsolicited messages to taxpayers, and it doesn't ask for passwords, PINs or other personal information. >> http://bit.ly/2EYDnWs #SavingsFactFriday

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Claiming EITC is not as complicated as you might think. Visit the IRS website to find out if you are eligible >> http://bit.ly/2CrsomK #SavingsFactFriday

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Your #taxrefund will continue to grow if you put it into savings or retirement: http://bit.ly/2jap85c @MilitarySaves #SavingsFactFriday

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A #taxrefund can provide an opportunity to improve your financial situation: http://bit.ly/2jap85c @MilitarySaves #SavingsFactFriday

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Free tax help and free tax preparation are available in person and online: http://bit.ly/2hXbHnX @MilitarySaves #SavingsFactFriday

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Additional Posts

Do you have a tip about saving at tax time? Share it with @AmericaSaves and you could win $25 >> http://bit.ly/2hZ6e1m

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@MyFreeTaxes = free tax prep + filing help for qualified people w/combined income of $64k or less >> http://bit.ly/2qU9PGk v/ @MilitarySaves

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Do you need to file a tax return in 2018? This #BetterMoneyHabits video can help you find out: http://bit.ly/2hU8smo @MilitarySaves

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Your emergency savings can help you win big this tax season w/ @SaveYourRefund: http://bit.ly/2i8VJvC @MilitarySaves

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After splitting your refund w/Form 8888, all you need is 93 seconds to enter @SaveYourRefund! http://bit.ly/2i8VJvC @MilitarySaves

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Let @MilitarySaves help you stay committed to your tax-time #savings goal! Take the pledge today: http://bit.ly/2an9Bwa

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Opting into the new #BlendedRetirement System in 2018? Use your 2017 tax refund to help fund your retirement savings goals >> http://bit.ly/2lscEY4

Tweet this now

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Tools and Resources

Share the following resources with your audience and with partnering organizations.

Military Saves:

Saving at Tax Time

FINRA Investor Education Foundation:

Turn Your Tax Refund Into Instant Savings

Free Tax Help for Military Families

USAA Educational Foundation:

5 quick Tax Refund Tips

Blog Articles

Resources + Research

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Tip of the Day

  • Written by Guest Blogger | March 13, 2014

    Start an emergency fund by saving $10/week or $40/month to save $500 by the end of the year http://ow.ly/rswS2

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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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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On the Right Track to Build Wealth

Written by Super User | April 16, 2013

My name is Robina Wahl, and I am a military wife and a veteran. Although I am fairly new to the Military Saves Campaign, the message to “Build Wealth, Not Debt” reassured me that my husband and I were on the right track and doing the right things.

I have always been pretty responsible when it comes to saving and living within my means, but I was not prepared for the unpredictable employment lifestyle of being a Reservist and military spouse.

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