Tip of the Day

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  • 10 Money Tips for College Grads

    Written by Guest Blogger | August 27, 2014

    By Brian Page, a nationally celebrated financial educator and advocate.
    He is currently developing a Financial Skills blended learning program for LifeDojo. You can follow him on Twitter @FinEdChat.

     

    1. Invest for retirement right away by fully matching your employer’s retirement plan

    • Explore the magic of compounding by calculating what would happen if you invested $10 a day ($3,650 a year) beginning at age 22, earning the market average of 7%.
    • Be alarmed by what happens if you invest and earn the same amount but wait until you are 35 to begin to invest.
    • Get motivated by the returns you would experience by contributing 5% of your income beginning at age 22, and benefiting from a matching contribution of an additional 5% of free money from your employer earning the market average of 7%. The free money match is the greatest advantage of a 401(k) or 403(b).
    • Use this handy list of questions when interviewing financial planners. Above all, make sure your financial planner adheres to the fiduciary standard, legally binding them to put your best interest ahead of their own.
    • To learn more, have a peek at the Department of Labor new job Entrants guide.
    Read more...
  • Saving For College? These Plans Make the Grade

    Written by Guest Blogger | August 26, 2014

    Lori Schock, Director, Office of Investor Education and Advocacy, U.S. Securities and Exchange Commission

    Parents looking for a way to save for a child's college education should consider investing in a 529 plan. Authorized by Section 529 of the Internal Revenue Code, these are tax-advantaged savings plan sponsored by states, state agencies and educational institutions, designed to encourage saving for future college costs.

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  • Planning for College Expenses

    Written by Guest Blogger | August 20, 2014

    By Laura M. Frey, LMFT, Ph.D. Candidate, Department of Family Sciences, University of Kentucky and Jennifer Hunter, Ph.D., University of Kentucky Family Finance Extension Specialist

    Roughly two-thirds of students enroll in college the fall after graduating from high school. For many of us, planning for college expenses often gets put on the back burner while trying to pay for other expenses that occur during high school.

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RSS Military Savers total Military Savers Pledge Now »

Written by Super User | November 25, 2013

Army Savers

Written by Super User | November 25, 2013

Navy Savers

Written by Super User | November 25, 2013

Air Force Savers

Written by Super User | November 25, 2013

Marine Savers

Written by Super User | November 25, 2013

Army National Guard Savers

Written by Super User | November 25, 2013

Air National Guard Savers

Written by Super User | November 25, 2013

Coast Guard Savers

Saver Stories View all »

Building Wealth by Setting Goals

Written by Super User | April 24, 2013

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program.  My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty). Tom just got back from a 1-year deployment to Afghanistan and before that served a one year ADOS tour (Active Duty Operational Support) at Ft Belvoir.

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Savers Pledge Leads to Savings Success

Written by Super User | October 13, 2011

My name is Rob and I am a Staff Sergeant in the Marine Corps Reserve. My financial success is a huge result of the Military Saves Campaign.

My journey began five years ago after marrying my wife, Lisa. We entered our marriage with no savings plan in sight, carrying debt and living in a tiny apartment. After seeing an advertisement for Military Saves, we decided to grab the reigns of our finances and implement a positive financial plan.

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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. Jonathan Harrington, Personal Financial Counselor for the MA Guard & Reserve, created the Youth Saves program to fit into the Military Youth Saves (www.militarysaves.org) theme which encourages kids and teens to develop good savings habits at a young age.

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