By Kate Horrell, Military.com Would you like to have government money in your Thrift Savings Plan (TSP) accounts? You may, if you are in the group who is eligible to opt-in to the military’s new Blended Retirement System (BRS.) While the BRS has several parts, the biggest change is government contributions to service member’s TSP. […]
By Kate Horrell, Military.com Moving from active duty pay to military retirement pay can bring some surprises. It’s a lot better if you’re prepared! Here are six things that often surprise new military retirees, and a bonus surprise that’s actually about your last active duty paycheck. (P.S. The bonus surprise is not positive, so be […]
By Kate Horrell I’m a money geek, and I’m totally okay with that. My husband is still a few years from retirement, and I already have our post-retirement budget estimated and a good chunk of our financial plans underway. The military provides a generous retirement package for service members and their families. Here are some […]
By Laura Prater It’s been exactly a year since Clay, my husband, retired from Active Duty Army after 20+ years of service. When he was an Army Recruiter, I used to listen to him on the phone or sometimes I’d walk into the office as he was talking to a potential recruit. He had a […]
Are you active duty military? Do you direct your TSP contributions to a Roth account? If so, you need to ready yourself for action. Changes to the Defense Finance and Accounting Service (DFAS) pay system will stop your contributions to your Roth TSP, unless you change those contributions from a dollar amount to a percentage of your pay by January 31, 2015.