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

Retirement Options for Reservists

Retirement TSP 401K ira
Written by Laura Roler · 26 September 2014

By Laura Roler, Military Saves Associate, AFC® Candidate, FINRA Military Spouse Fellow

A few weeks ago Military Saves published The Basics of Active Duty Retirement, which discussed retirement plans and military pensions for active duty service members.  Similar to active duty retirement, members of the National Guard and Reserve also qualify for a military pension after completing 20 years or more of qualifying military service. 

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myRA Program

Retirement Savings ira
Written by Katie Bryan · 24 September 2014

By Katie Bryan, America Saves Communications Director

Originally published May 8, 2014 on the America Saves blog.

The U.S. Department of the Treasury is developing a new way for workers to start saving for the future. The myRA ("My Retirement Account") program – expected to begin rolling out in late 2014 – will offer a new retirement savings account for individuals looking for a simple, safe, affordable way to start saving.

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Tip of the Day

  • Written by Guest Blogger | March 11, 2014

    The first step in getting out of #debt is to stop borrowing. Get tips on how to begin at http://ow.ly/tMA0N

Saver Stories View all »

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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Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.

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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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