Military Saves Blog

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

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

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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January 2015 Military Saves Newsletter Now Available

Newsletter
Written by Alecia Blair · 15 January 2015

The January 2015 Military Saves Newsletter is now available! Don't miss out on these highlights from December (and many more):

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Challenge Yourself to Save Big This Year with These 3 Fun Ways to Save

Savings Tips Savings
Written by Katie Bryan · 14 January 2015

This blog post has been modified from the America Saves blog. Follow them on Twitter and Facebook.

It’s a new year and an opportunity to get re-energized about saving money and reaching your savings goals.

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Tip of the Day

  • Written by Guest Blogger | April 15, 2014

    Use your #tax refund wisely by using 30% of your refund to pay down debt. More tips at http://ow.ly/squUJ 

Saver Stories View all »

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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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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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.

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