This was originally a guest post that I posted over at Kate Horrell‘s Military.com Paycheck Chronicles site. I’m re-posting it here to get maximum exposure on why I am signing up for the new military Blended Retirement System (BRS). Run the numbers
The Blended Retirement System (BRS) opt in period begins 1 January 2018. Will you be eligible? According to the announcement on Air Force myPers: Servicemembers with a Date Initially Entered Unformed Service (DIEUS) of 31 December 2017 or earlier, and
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
If you have a Thrift Savings Plan (TSP) account and separated or retired from the military or government employment, watch out: the “gold IRA” marketers are coming for you! A poorly written, researched, and presented document called “How Your Thrift
In this article I run my personal financial independence plan through several online retirement calculators. Every calculator is only as good as the assumptions that go into it. Some calculators run “Monte Carlo” scenarios in which they run thousands of
I’m collecting a list of resources, articles, and calculators related to the Blended Retirement System (BRS). Check it out for the most up to date information. Executive summary: Up to 5% base pay match for TSP contributions. 1% automatic DoD
Not a commissioned officer? I’ve got a chart for the Above Average Enlisted Personnel as well. Check it out. It takes an above average person to become a military officer. Above average just means better than 50% of the population.
If you want to be financially independent someday, you have to save and invest. Saving 50% of your pay is an excellent place to start and a great starter goal. But where to invest these piles of money you’re saving?
The Thrift Savings Plan (TSP) offers a unique, low cost, tax advantaged, diversified, and automatic investment opportunity to US government employees and military personnel. Since I’m active duty Air Force, I’ll focus on the military side of the TSP. TSP
A buddy of mine recently asked: Can you double dip Roth TSP and Roth IRA? (Contribute the maximum to both plans in one year) YES! Technically, I wouldn’t call it double dipping, because the IRS treats them completely differently. The