I Opted-In to the Blended Retirement System, Now What?

Submitted by John Cooney on Jan 5, 2019

The opt-in window for the Blended Retirement System (BRS) has come and gone.  You did your research, looked at both the legacy system and the BRS, calculated multiple scenarios with the BRS comparison calculator, and ultimately decided that opting-in to the new system was the best option for you.  Good for you, but now what?  This article will help outline some basic steps to make sure that you are making the most of the new system.  For those that chose to sta

blended retirement system, Thrift Savings Plan, military retirement, military finance

Fixing Excess IRA Contributions

Submitted by John Cooney on Dec 17, 2018

As we move towards the end of the year, you should have a good idea of what your income for the year should be.  For those who have contributed to an IRA or a Roth IRA throughout the year, you will want to make sure that your final income does not make those contributions ineligible.  For the 2018 income phaseout limits for both traditional and Roth IRAs and the rules around them, please take a look at a

IRA, Roth IRA, Taxes, retirement