BRS Comparison Calculator is now live!

by John Cooney on May 26, 2017

blended retirement system, military retirement

     After a month or so delay, the DoD’s Retirement Comparison Calculator is now live!  The comparison calculator allows service members to input some of their basic information and provides a detailed comparison on what their retirement income would look like under both the current retirement system and the new Blended Retirement System.  This is a valuable tool to help provide service members with more information that they can use in making the decision on whether or not to opt-in to the new retirement system when it is implemented in 2018.

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Understanding the Military's New Blended Retirement System (BRS)

by John Cooney on Mar 7, 2017

retirement, military retirement, blended retirement system

Understanding the Military’s New Retirement System, the Blended Retirement System

For years, those who have served in the military have had one constant; if you serve 20 or more years, you get a pension for life, if you don’t, you get nothing.  This changed a little when the Thrift Savings Plan (TSP) came into effect in the late 1980s.  With the TSP, the government did give service members a mechanism for saving money direct from their paycheck.  The big key here is that it was ONLY the service members money, Uncle Sam kicked in nada.  If you contra

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Finance 101: A Lesson in Helping your Student Pay for College

by John Cooney on Feb 24, 2017

You think back fondly on those halcyon collegiate days--studying in the quad, late-night pizza, tailgating for the big tailgating game, dorm living, tossing your graduation cap in the air...beyond the lifelong friends and the parties and fun, college helped you get to where you are today. Looking ahead, your student is planning on following in your footsteps and will be receiving that admissions letter of acceptance sooner than you think.

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6 Easy Organization Tips to Take Time off of Taxes

by John Cooney on Feb 24, 2017

As the saying goes there are two things that are inevitable: death and taxes. And, out of those two sure things, you can only really plan for your taxes. It should be no surprise when tax season surely and steadily rolls around again, yet every year there are plenty of individuals who file for a tax extension (in 2014 there were approximately 12 million Americans who did so).

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