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.
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.
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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.
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.
By Gerri Walsh, President, FINRA Investor Education Foundation
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.