Smart Military Money
Personal finance tips andadvice for the military lifestyle.
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Deciding where to retire is just as important for military personnel as it is to decide when to retire. One factor influences the other and is dependent on a variety of variables — post-military career, cost of living and welfare of children, among others. As for the best place for veterans to retire — there’s [...]
A new year is upon us! What new year’s resolutions do you have for 2013? Do you want to improve your financial situation this year? Here are 8 financial new year’s resolutions to consider.
If you’re new to the military, chances are you have a lot to learn about a lot of things. It’s a new way of life that comes with significant changes, including financially. You want to be sure to start your financial life in the military off right in order to set yourself up for success [...]
Each of us has our own idea of the ideal retirement. Does yours consist of traveling the world? Do you want to spend the rest of your days fishing? Do you just want to spoil your grandkids to death? Retirement is that state of life when we are be able to leave the workforce permanently and [...]
Whether you’re looking for ways to eat better on the cheap or keep from spoiling your children, this week’s military personal finance roundup has what you need. Find out what else is new around the personal finance blogosphere.
Another week, another military personal finance roundup. Again, we’re highlighting some of the best posts from other personal finance blogs. This week there are a few great pieces with tips on how couples should handle their finances among other topics.
When you enlist in the military, it doesn’t take long to start utilizing the perks of allowances, tax breaks, insurance and more. One perk that requires a lot more patience to acquire is retirement. Currently, the 20-year stipulation for eligibility still stands, although there’s been considered debate about future changes. The decision to enlist for [...]
The Thrift Savings Plan (TSP) affords military members an investment package that is convenient and, under certain conditions, tax-exempt, too. But unfortunately, veterans and civil service employees are not allowed to contribute once their military employment ends; TSP eligibility is only available for active military members. And while veterans can leave their assets in a [...]
As of now, Military members with at least 20 years of service qualify for a 50-percent pension plan upon retiring, but for many service members, this alone will not guarantee a comfortable lifestyle. It is important for military members to explore alternate retirement strategies in conjunction with military-based plans. Establishing an individual retirement account (IRA) [...]
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