Retirement Planning

Maxing out your 401k early in the year can cost you a lot of money if you have an employer match. Without the match, front loading your 401k is worth considering. It’s common financial advice to max out a 401k. Putting as much away in a tax advantaged account as possible is just smart financial…

Early retirement is a great financial goal for anyone. Think about it. Even if you want to retire 10 years early and don’t quite make it you only retire three years early that’s still three years of freedom to do whatever you want to do. You’re in control of your time. Why? Because you’re in…

According to the Social Security Administration (SSA), the full retirement age is 66 or 67, depending on the year you were born. However, you can start receiving benefits as early as age 62. And if you have other retirement savings at your disposal, you may even be able to retire far earlier. Ultimately, retirement isn’t…

Imagine working hard for all of nine years. And then at the ripe old age of 30, you and your spouse retire to start a family. While it may sound like a fairy tale, that’s exactly what an engineer named Pete did. Pete is better known as Mr. Money Mustache. We talk a bit about…

Saving for retirement can be one of those things that is simple, but not easy. If you are like most people, you probably spend a lot of time and energy worrying about getting the money into your retirement accounts in the first place and haven’t considered how you’ll get it out. In practice, adequately funding…

Maybe you are the person who eagerly devours benefit booklets and paperwork first thing when you get a new job. Or perhaps you’ve been at your office for 10+ years and you just realized that you should probably start saving for retirement. Regardless, at some point, you are likely to be faced with the task…

As you move into your 30s, you face new financial challenges. Hopefully, you’ve been able to make some progress in your 20s, laying a foundation with at least some positive habits. If you haven’t been serious about your money up to this point, now’s the time to really get down to it. Here are a…

The views expressed in this article are those of the author only, and do not necessarily reflect those of the U.S. Army or Department of Defense. President Obama signed the 2016 National Defense Authorization Act (NDAA) into law on November 25, 2015. Before both houses of Congress approved the bill, a large part of the…