Military Saves Blog
Tips, advice, and the latest news from the savings world.
By Laura Roler, Military Saves Associate, AFC® Candidate, FINRA Military Spouse Fellow
Many people find themselves heading into tax season with dread. The numbers, the paperwork, the possibility that you could owe MORE money can be a headache, and you may find yourself wondering how the hassle could be worth it. However, taking some extra time to investigate your tax options could pay off in the short- and long-term. Read on to find out if the Earned Income Tax Credit is a benefit you can use.
Military Saves Week is just under four weeks away, and organizations can now download and use the Military Saves Week Digital Communications Resource Kit!
By FINRA Investor Education Foundation
You have to pay income tax on your pension and on withdrawals from any tax-deferred investments—such as IRAs, 401(k)s, 403(b)s and similar retirement plans, and tax-deferred annuities—in the year you take the money. The taxes that are due reduce the amount you have left to spend.
By Amy Maliga, Take Charge America
This blog post has been modified from the America Saves blog.
If you feel guilty about wanting to return or exchange a not-quite-right gift you received during the holidays, don’t! You’re not alone. The National Retail Federation estimates that Americans return or exchange more than $50 billion worth of gifts every year.
Military personnel who have trouble handling their personal finances can very quickly find their duty status, potential promotions and even military careers in jeopardy. And, over time, the lingering burden of debt can add stress to their personal relationships and damage their credit profile. But does that debt have to be a career-killer?