Congratulations, You Just Graduated From a Service Academy! Now, Start Planning for Retirement

Submitted by John Cooney on Jun 22, 2017

Congratulations, you just spent the past four years in one of the most challenging college environments that exist.  You were pushed to your physical, emotional, and intellectual limits and earned the right to be commissioned as an officer in the United States Military.  So now, while you are enjoying a little leave, on your way to your basic officer course, or already at your first assignment leading troops, you need to make sure you are planning for retirement.  Wait, what, retirement, but you just graduated?  Remember, you will never again get the chance to start planning for retirement

military retirement, USMA, USNA, USAFA, USCGA, graduation, Thrift Savings Plan, blended retirement system, IRA, Roth IRA, Class of 2017

BRS Comparison Calculator is now live!

Submitted by John Cooney on May 26, 2017

     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.

blended retirement system, military retirement

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

Submitted by John Cooney on Mar 7, 2017

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

retirement, military retirement, blended retirement system

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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Retire to Happiness: Tips to Thrive in the Next Chapter of Life

by John Cooney on Feb 24, 2017

Here’s a thought: retirement doesn’t mean the end. It doesn’t mean an end of self-importance or purpose, it just means a new chapter—a paradigm shift of what life is beyond long days and meetings and bosses. Unless you own your own business, and even then, you are not your business. You’re not solely defined by the question, “What do you do?” But, it doesn’t mean you should stop defining the answer for such an inquiry in your retirement era.

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