Info-graphic summary of one client's experience on a debt management plan. Get out of debt.
The new Blended Retirement System (BRS) is coming in January 2018! If youâ€™re feeling a little overwhelmed or unsure about the BRS, thatâ€™s okay. Itâ€™s natural. Deciding whether the BRS is right for you is a big financial one-size-does-not-fit-all decision that has big implications on your military retirement.
A recent Merrill Lynch Finances in Retirement survey found that the average cost of retirement for a U.S. worker, as of March 2017, was a staggering $738,400. Another survey by Fidelity estimates that a couple who retired at 65 have, on average, $260,000 of health care costs during retirement.
Saving can seem like a daunting task, especially if youâ€™re not entirely confident in your investing abilities or secure in your current financial situation, but that doesnâ€™t mean you shouldnâ€™t try. There is rarely universal agreement among financial and investment professionals, so the fact that everyone says you should save for retirement, preferably as early as possible, should be a pretty clear indicator that itâ€™s a good idea.
The Military Lending Act (MLA) says that you canâ€™t be charged an interest rate higher than 36% on most types of consumer loans and provides other significant rights.
Here are some worrisome facts if you are female: Women are twice as likely as men to live below the poverty line during retirement. This is especially true for single and minority women. And women continue to make less during their working years than men. The good news is that despite the unique challenges women face when it comes to saving and planning for retirement, women continue to outperform men when it comes to investing.
Seven Inexpensive Ways to Celebrate Motherâ€™s Day
Useful tools to help you make decisions on paying bills.