Military Saves Blog
Tips, advice, and the latest news from the savings world.
By Alecia D. Blair
It’s often easier to focus on bills, budgets and balances in the here and now. For many, saving for retirement is a challenge because it seems like something for the distant future. However, the best time to think about retirement is today—whatever your age!
Pay Off Debt or Save for Retirement?
The following post was originally published on May 7, 2013 on the America Saves Blog.
By Barb Miller, Bankruptcy Specialist at LSS Financial Counseling
Wow … what a loaded question! We always hear how crucial it is to get rid of toxic debt, especially credit cards with double digit interest rates. Therefore, people generally assume that paying off debt rather than investing for retirement is the correct answer. In my opinion, this is not really an either/or proposition. The best approach? Do both!
Dig Your Way Out of Debt
By Meghan Northcutt, AFC ® Candidate, FINRA Military Spouse Fellow
Last year, the Army Times reported 41 percent of Servicemembers had student loans compared to their civilian peers at 34 percent. Troops were also more likely than their civilian peers to have a home loan, car loan, and credit card balance. Military members looking at debt tend to look for ways to pay debt off more quickly in order to save money over time.
The Basics of Active Duty Retirement
By Laura Roler, Military Saves Associate, AFC® Candidate, FINRA Military Spouse Fellow
If you’ve committed to a military career, you’ve earned some life-long benefits.