If you served in the military between 1957 and 2001 your Social Security benefits may be "beefed up". In most cases the adjustment will be automatic. But just like in your military career, Trust but Verify.
If you have employer stock in your 401(k) you have options on how you take it out. A lot of defense contractors do offer company stock in a 401(k). If you're a retired military officer that has company stock in your 401(k), you need to understand Net Unrealized Appreciation.
Whether you're a junior officer covered by the Blended Retirement System (BRS) and contributing to TSP or a retired officer participating in a 401(k), you should understand how different types of retirement plans affect each other.
During your military career it is likely that you contributed to an IRA or maybe TSP. If you did, some of the rules affecting how you take money out from your or an inherited account are likely to change.
Should you take Social Security early and invest it? If you have a military retirement pension, it could be tempting. But what do the numbers say?
Women are expected to live longer than men. Too many women are stuck with the unexpected expenses of long-term care later in life, instead of preparing for it while there’s still plenty of options, resources and time ahead. Without proper planning this can affect female military officers and female military spouses.
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