Give Your TSP a Yearly Check-Up

Submitted by johnnyc2id on Apr 16, 2019

Your Thrift Savings Plan account is an important part of your retirement income plan.  As with most retirement accounts, a lot of the responsibility for success will be on you and how much time, energy, and of course money that you put in to making it successful.  This article will provide some suggestions on what you can do on a yearly basis to put yourself in the best position to succeed.

Thrift Savings Plan, FERS, retirement, military retirement, blended retirement system, fee-only financial planner

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

Window Closing for Service Members to Opt-In to The Blended Retirement System

Submitted by John Cooney on Nov 28, 2018

As we watch the calendar turn from November to December we may think of a few things; the holiday season and shopping for friends and family, the end of yet another year, and maybe the cold weather and snow.  This year, there is something else to think about too; the window to opt-in to the Department of Defense’s Blended Retirement System closes on 31 December 2018.  If you are a service member who is eligible to opt-in and still are not sure what you should d

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

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
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