After the TSP, I invest my money in Betterment and Vanguard. I track all of my investments with Personal Capital. I also wrote a short, 2 hour book summarizing this site. You can buy it here.
Last update 17 Feb 2017
I will use this page to collect ideas, resources, and links to all things Blended Retirement System related. I will keep it continuously updated as new information comes out, so come back often. There is a lot of misinformation and lack of knowledge out there about the new plan coming in 2018.
All of the links I provide have been vetted and confirmed by me to contain accurate information, but things are changing rapidly as the BRS implementation date of 1 Jan 2018 approaches. Stay informed and make your choice early in 2018 so you can get a full year of matching, if you decide to switch!
Information About The New 2018 Military Retirement
- March 3, 2017 Updates to the BRS Rollout
- The DOD Official Blended Retirement Page
- Summary of the New BRS
- USAA’s summary of the BRS is at USAA.com/BRS. A clear summary of the changes coming and it now (as of 17 Feb 2017) includes a basic online calculator. See my example below:
- JKO Joint Knowledge Online BRS Opt In Training (no CAC required)
Should I Opt Into the BRS?
- Military Wallet Experts Opinion on the New Military Retirement
- Why I Am Opting Into the Blended Retirement System (And I Think You Should Too) Why? Because 80% chance you won’t make 20 years.
- The Military Guide Discusses “Should You Switch to the BRS?” Answer: depends on if you stay for 20 years.
- The Military Guide discusses that there is a huge flaw in the way lump sum payments are calculated in the BRS at retirement. Don’t take lump sum payments!
If you find any other good resources please email me, use the contact page, or leave a comment below. Thanks!
2 Websites I Use to Achieve Financial Independence Faster
I have investment accounts all over the place. To keep track of all of them in one place I use Personal Capital. It combines all of my accounts, shows me where I may be overpaying in fees, and provides beautiful charts showing my overall asset allocation and performance.
I use Personal Capital to track my Roth and Traditional TSP, Vanguard IRAs, banking accounts, SDP, and my Betterment taxable account, all in one place. It's free, secure and presents me with a one-stop dashboard so I can see all my money on one site.
Read my full review of Personal Capital and see how easy it can be to manage your investments in one place. Trust me, once you try it, you'll love it.
P.S. - If you have over $100,000 of assets and a 401k, you really need to run the Personal Capital 401k Fee Analyzer.
The best way I know to achieve financial independence is to keep your investments simple, diversified, automatic, and low-cost. Costs eat into your returns like you wouldn't believe! A 1% difference in expense ratios can mean $100,000s lost to fees over a lifetime of investing.
Even if you're a DIY (do-it-yourself) investor like I am, you need to check out Betterment. You can read my full review here, but the bottom line is for only $250 per $100,000 invested (0.25% expense ratio) you get simple, diversified, and automated investing. In addition every account now gets free Tax Loss Harvesting+ features, which should increase returns for the average investor more than the minuscule management fee.
If you're not a DIY investor or are just getting started with investing, then you definitely need to check out Betterment. It's what I recommend to my family and friends who aren't strong investors or don't care to learn about asset allocations, diversification, or rebalancing.