Military Saves Blog

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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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Talk through what you do with money—your children are listening

Written by Guest Blogger · 23 September 2014

The following content was contributed by the Consumer Financial Protection Bureau (CFBP) 

Parents tell us they want to help their children be smart about money. But they’re not always confident about how to go about it.

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Planting Roots after a Military Retirement: Five Factors to Consider Now

Retirement
Written by Guest Blogger · 18 September 2014

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!

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Pay Off Debt or Save for Retirement?

Debt Retirement
Written by Super User · 17 September 2014

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!

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Tip of the Day

  • Written by Guest Blogger | March 7, 2014

    Make sure your financial advisor’s title is accredited, and that the he/she is qualified through a training program that holds its members to strict ethical standards.

Saver Stories View all »

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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Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

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Making Savings a Part of Marriage

Written by Super User | November 26, 2010

Capt. Rob Eckhardt is the first to admit that he hasn’t always been responsible with money. But less than 10 years after a rocky start to saving, Eckhardt reports that he and his wife are free from credit card debt, have a down payment on a home, and are saving regularly for retirement. And, as the Military Saves representative for his Air Force squadron, he’s helping others make similar progress.

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