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014 Retirement and Your Blended Retirement System (BRS) -- 1 of 3

This week we talk RETIREMENT and the Blended Retirement System (BRS). While saving for a car is a $10,000 goal and saving to buy a house with the VA Loan could require $25,000 in savings, retirement is going to require that you're a multi-millionaire. That's right, by the time you hit your 50s, 60s, 70s, and beyond, you're going to need at least $200,000 a year in income to retire. That means you're going to need at least $2.5 million in savings.

But there is a better way. When you factor in the new military BRS that combines a pension with the TSP, you can so way better -- but only if you understand the system and how to maximize your benefits.

Join us this week in the first of a three-part series on the Service and Wealth Podcast that breaks down what retirement is and how to piece together the puzzle of saving, investing, tax-planning, retiring, and withdrawing money over the years to not just survive, but thrive in retirement. In this week's kick-off episode, you'll learn:

  • The main benefits of the BRS
  • What is retirement
  • What ages are important for retirement planning, aka "how much time have you got"
  • Social Security amounts and planning
  • How to optimize your TSP savings rate to lock in a multi-million dollar retirement while still enjoying your money and your life today -- aka "how to not be a TSP-maxxer"

Get out your green notebook and an ink stick, and get ready to take notes! Then set your calendar reminder for next week, Sunday 22nd, when we drop Part 2 of the BRS Series!

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