SHOP
NEWS
CAREER
GEAR
MANDATORY FUN
VOICES

Whether You’re In Or Out, Start Planning Your Civilian Retirement Now

Military Benefits
Lance Cpl. Aaron S. Patterson/U.S. Marine Corps

Alright, so you’re thinking about your long-term financial security. Maybe you’re tired of making the rounds like a MARPAT-clad Oliver Twist, cover in hand, begging for more, please, so you can afford your monthly phone bill and streaming service payment.

Read More Show Less
401k blended retirement buying a house financial tips investment life insurance military retirement renting retirement savings SGLI stash Thrift Savings Plan TSP
sponsored content

8 Of The Worst Places To Sleep

Casper
Casper Mattress
Lifestyle
Casperassets.rbl.ms

Benjamin Franklin nailed it when he said, "Fatigue is the best pillow." True story, Benny. There's nothing like pushing your body so far past exhaustion that you'd willingly, even longingly, take a nap on a concrete slab.

Take $75 off a Casper Mattress and $150 off a Wave Mattress with code TASKANDPURPOSE

And no one knows that better than military service members and we have the pictures to prove it.

Read More Show Less
sleep casper soldiers sponsored content

Here's Why The Military's New Retirement System May Not Be So Bad

Military Benefits
U.S. Air Force/Airman 1st Class Matthew Gilmore

The military retirement system has recently been revamped in a big way. Instead of giving retirees the traditional 50% of base pay after 20 years of service, the new plan is a more complicated “blended system” — a mixture of a defined-benefit pension starting at 40% pay for 20 years' service, plus a 401K-style Thrift Savings Plan with matching contributions that individuals can take with them even if they leave the service early. That’s a big step forward, especially for the 83% of enlisted servicemembers who don’t stay long enough to earn the traditional 20-year pension.

Read More Show Less
blended retirement system military retirement retirement Thrift Savings Plan

Why The DoD's Proposed Military Retirement Plan Isn't The Right Solution

news
Photo by Petty Officer 3rd Class Charles Oki

Reforming the military’s retirement system is currently a hot topic in our nation’s capital. Both the House and Senate versions of the National Defense Authorization Act include proposals for retirement reform; the joint chiefs have weighed in; and the Department of Defense released a white paper last week outlining its position on the reforms. These proposals consist of two main courses of action: matching Thrift Savings Plan contributions for all service members similar to those available to what civilian government employees receive under the Federal Employee Retirement System, and a reduction in the multiplier used to calculate retirement pay after 20 years.

Read More Show Less
lifecycle fund mark welsh Military Compensation and Retirement Modernization Commission Thrift Savings Plan

8 Ways To Be Financially Prepared For Civilian Life

Community
Photo by Petty Officer 2nd Class LaTunya Howard

If you’ve served more than a few weeks in the Army, odds are you’ve heard the phrase “No more Task Force Smiths!” It refers to a combat operation meant to halt the North Korean advance in the opening days of the Korean War. The North Korean infantry quickly overtook the ill-prepared, outnumbered, and poorly equipped soldiers, resulting in more than 150 casualties. “No more Task Force Smiths” serves as a warning to never send unprepared service members into harm’s way.

Read More Show Less
clay gabhart culture financial planning financially Servicemembers Group Life Insurance Thrift Savings Plan
© 2018 Hirepurpose. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service.