Military Saves Blog

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

Earned Income Tax Credit: What Military Families Should Know

tax time tax savings tax credits
Written by Laura Roler · 29 January 2015

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.

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Download the #MSW2015 Digital Communication Resource Kit Today!

Savings Tips Military Saves Week
Written by Alecia Blair · 28 January 2015

Military Saves Week is just under four weeks away, and organizations can now download and use the Military Saves Week Digital Communications Resource Kit!

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Retiring? Consider These Tips For Smart Management of Retirement Income & Taxation

Tax Time Saving Retirement
Written by Guest Blogger · 27 January 2015

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.

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Make the Most of Holiday Returns

Savings Tips Holiday
Written by Guest Blogger · 22 January 2015

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.

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Are Unpaid Debts A Military Career-Killer?

Debt Financial Planning
Written by Guest Blogger · 21 January 2015

By Holly Petraeus, Consumer Financial Protection Bureau

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?

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Tip of the Day

  • Written by Guest Blogger | April 4, 2014

    Use your #tax refund to pay off high-interest #debt or to save toward #retirement http://ow.ly/uXhPc 

Saver Stories View all »

Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

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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.

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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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