Here’s the latest information and tools to make your military Blended Retirement System decision-- and a new way to think about your career and your choices. [Note: I'm participating in Kate Horrell’s #BRSBlitz initiative. I’m not compensated by USAA for this campaign and you won’t see any FTC disclosures like ...
On Wednesday 28 November, the DoD BRS office held a teleconference. The numbers As of Monday 26 November, the unofficial opt-in numbers are: 307,213 307,207 active-duty total opted in 243,709 active duty 63,498 Reserve/Guard. This is out of roughly 1.6 million opt-in eligible servicemembers. ...
[Nords note: You have five weeks to decide about opting in to the Blended Retirement System. Get it done before 31 December 2018. We've had some strong pushback on my last post, "Your BRS: It's Not About The Money", and I offered Warner25 the opportunity to explain his legacy High Three perspective. He's reminded ...
We're focused on the wrong factors. Our group of military personal-finance bloggers is sending out a #BRSBlitz about the opt-in decision. You may have seen some of these links on my social media before, and they’re included in the “Related articles” section at the end of this post. If You’re Just Joining the ...
Quick review: the military’s Blended Retirement System offers matching contributions to your Thrift Savings Plan, and in 2018 you can contribute up to $18,500. In 2019 you can contribute up to $19,000. Your contributions can go into your Roth TSP or into your traditional TSP (or ...
The question was asked on the Facebook group “Military Spouse Retirement Information”: "Is there a date that is better to retire on than any other day of the year? It used to be the case that it was better to retire sometime after 1 January or 1 February. I believe it had something to do with COLA, but I don’t ...
We're military veterans, not financial advisors. We're trying to share what we've learned and to pay it forward – but you have to make your own decisions.
What worked for us will probably work for you, but unfortunately, we can’t guarantee it. Let us know if something’s not working for you, and we’ll try to figure out a better way... Continue Reading...
Doug Nordman