Meet Carl and Lori Churchill of Alpha Coffee.
Carl served in the US Army for 21 years, starting as a 17 year-old private and retiring as a Lieutenant Colonel. He is a Desert Storm combat veteran with multiple deployments to the Middle East, Africa, Central America, the Balkans and Asia.
Meet Brad Halsey.
Brad is a Navy veteran and the CEO & Founder of Building Momentum. Building Momentum is a service-disabled veteran-owned small business (SDVOSB) that provides world-class professional technology education through challenge-driven emerging technology instruction (like robotics, 3D printing, and drones). Using StreetShares contract financing, Brad was able to buy the equipment he needed to provide Marine Corps units with technical training in real-world scenarios.
You know that saving for retirement, education, and life’s big moments is more important than ever. If you’re considering making alternative investments a part of your savings plan, here are 8 great reasons you should get started today.
I come from a family of military veterans. I am a graduate of West Point and served in the US Army before entering business. My grandfather served in the Army Air Corps during WWII, my father served as an Infantry Officer in Vietnam, my brother served in the US Army at the same time I did, and now my oldest son is finishing Army ROTC with plans to become an Army medical doctor.
There were times when I wished I had stayed in the Army for a full 20+ year career instead of entering the corporate world. I have worked for amazing companies, but the camaraderie of going through tough shared experiences in the military with my brothers and sisters in arms built bonds that we will forever share. I missed the supportive social network where everyone helped their teammates through the good and bad times, and to be honest, how we joked and ribbed each other in good nature.
Just as military members have carefully and thoughtfully planned countless missions over the years, there’s a mission that anyone, regardless of military affiliation, should be planning for with equal care: planning for retirement.
We’ve touched on this “mission” previously; in fact, we recently shared some ideas on the military’s retirement systems, comparing the new Blended Retirement System (BRS) to the old Legacy Retirement system, and discussing steps to plan for retirement.
In this post, we’ve detailed what everyone, whether you’re in the service or not, needs to know about the most commonly offered retirement savings options. With this information, you’ll be well on your way to creating a retirement plan that works for you – and maybe even help a few veterans along the way.
Here’s an easy-to-follow infographic on Mission: Retirement, outlining three steps to assist you in determining, calculating and ultimately learning more about your retirement.
Marine Corps photo by Cpl. Aaron S. Patterson
Many people have asked why a lifelong finance professional like myself, with years of experience from large banks such as Capital One and Wells Fargo, would join a veteran-focused startup even though I’m not a veteran. While the answer might not be clear to some, it is very clear for me. My personal, very focused mission is to give back to veterans who have created this space for me to be free. Some call actions like this an attempt to close the Civilian-Military divide.
During World War II, more than 9 percent of the American adult population served in the military. In the past decade, less than 1 percent of Americans have served in the armed forces, according to the Pew Research Center. The result is that the younger population has less of a family connection with the military. For 18-29 year olds, just 33 percent have an immediate family member who served in the military, according to a survey by Pew Research Center, while 70 percent of adults aged 50 and older do.
Tomorrow we celebrate the Fourth of July, which commemorates the adoption of the Declaration of Independence in 1776. As we prepare for family reunions, barbecues and cook outs around the country, let’s also remember the reason for this special holiday. The Thirteen Colonies were legally separated from Great Britain after the American Revolution and the United States of America was founded.
This was the beginning of recognizing our veterans for their service and sacrifice for our country. Let’s recognize the men and women who have served our country since the American Revolution. We honor veterans every day as they’re also the ones who are growing the U.S. economy through small business. At StreetShares, we're the go-to financing partner for veteran small business owners looking to grow their businesses with business loans, lines of credit or government contract financing. This week’s Highlighting Our Heroes include veterans from industries such as energy, education, consumer goods and online communities connecting veterans through marketplaces, business and real estate.
Learn more about each hero below and on iHeart Radio’s BIG 100 local Washington, DC radio station or stream online at 5:00pm eastern every week day. Inspired by these stories and want to help veteran businesses? Start investing in them by opening a Veteran Business Bonds account and earn 5% interest. Learn more here.
The United States of America will turn 241 years old next week on the Fourth of July. Since its birth, millions have served in the military. As of 2014, there are 21.8 million veterans in the armed forces, according to the U.S. Census Bureau. Even more, veterans account for 9 percent of small business in the U.S., according to the SBA.
We honor our heroes every day by working with veteran business owners and helping fund their businesses through term loans, lines of credit, contract financing and veteran business grants. This week, we’re highlighting extraordinary veteran business owners who have founded companies that give back to the community, whether it’s through charities, consumer products, lifestyle coaching, mental health, venture capital or medicine.
Learn more about each hero below, at highlightingourheroes.com and on iHeart Radio’s BIG 100 local Washington, DC radio station or stream online at 5:00pm eastern every week day. Inspired by these stories and want to help veteran businesses? You can start by investing in them by opening a Veteran Business Bonds* account and earn 5% interest.
U.S. Marine Corps photo by Sgt Bobby Yarbrough) (This image was manipulated using filters.)
If you have a Thrift Savings Plan (TSP), you probably signed up for it at the start of your military career, and by now are dimly aware that a percentage of your monthly income contributes to the TSP savings plan. But since it’s always been that way, you haven’t thought much about it.
Now you’re transitioning. Do you know how much you’ve saved for retirement, whether you should rollover your TSP into an employer 401(k) plan or move your TSP to an IRA, and what all these acronyms and numbers mean? Here are quick answers to all your questions about thrift savings plan withdrawal, and how to decide whether to cash it out or not.
The TSP is a special type of Individual Retirement Account (IRA) maintained by the federal government and offered to federal employees.
Although service members have a 20-year pension plan, they can use the TSP as an alternate or supplemental plan. The TSP is a good deal because the federal government pays the administrative costs of the plan, so your money is never subject to fees for trading, account transfers or anything else.
It’s basically a free IRA for service members and other federal employees.
