Military Saves Blog

Blog

Tips, advice, and the latest news from the savings world.

You don’t have to give children an allowance—but if you do, talk about it

Written by Guest Blogger · 21 October 2014

The following content was provided by the Consumer Financial Protection Bureau (CFBP) 

Giving children an allowance is a topic many parents discuss. Even within families, parents can disagree about whether it’s a good idea.

Read more...

Supplement Your Retirement by Setting It on Autopilot

Retirement TSP ira
Written by Guest Blogger · 16 October 2014

By Alecia D. Blair, Military Saves Communications Associate

Let’s face it. A military pension and social security will likely not be enough to sustain a comfortable standard of living during retirement. So, enhance your retirement savings for tomorrow by enrolling and saving automatically in the Thrift Savings Plan (TSP), an Individual Retirement Account (IRA) or other employer-sponsored retirement plan today.

Read more...

Financial Planning Days Celebrates 5 Years of Free Financial Counsel

Written by Guest Blogger · 15 October 2014

The following post comes from the America Saves blog.  Follow them on Twitter and Facebook.

Find a free event near you

Financial Planning Days, a joint endeavor by Certified Financial Planner Board of Standards, Inc. (CFPBoard)Financial Planning Association® (FPA®)Foundation for Financial Planning, and the U.S. Conference of Mayors, is celebrating its fifth year.

Read more...

4 Reasons to Contribute to the TSP—Despite Having a Military Pension

Retirement TSP
Written by Guest Blogger · 14 October 2014

By Kisha A. Taylor, Writer/Editor, Federal Retirement Thrift Investment Board

The Thrift Savings Plan offers you the chance to save for additional retirement security at extremely low cost. But you may believe you don’t need to save for retirement because you’ll receive a pension after 20 years of service. Truth is, your military pension alone may not be enough.

Read more...

Thinking about rolling over funds from your Thrift Savings Plan? Consider this.

Retirement Thrift Savings Plan ira
Written by Guest Blogger · 09 October 2014

By FINRA Investor Education Foundation Staff
By FINRA Investor Education Foundation Staff

By Gerri Walsh, President, FINRA Investor Education Foundation

By FINRA Investor Education Foundation Staff
By FINRA Investor Education Foundation Staff

If you are leaving the military—or if you have already separated—you may be thinking about what to do with the retirement savings you’ve built up in your Thrift Savings Plan (TSP). Many service members don’t realize that one choice is to stay put in the TSP—and perhaps even transfer money from other retirement accounts into your TSP.

Read more...

Tip of the Day

  • Written by Guest Blogger | March 7, 2014

    Make sure your financial advisor’s title is accredited, and that the he/she is qualified through a training program that holds its members to strict ethical standards.

Saver Stories View all »

A Disciplined Approach to Saving

Written by Super User | November 26, 2010

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

Read more...

Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

Read more...

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.

Read more...