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017 Getting Out of the Military: What to do with Your Blended Retirement System (BRS) -- 3 of 3

This week we wrap up our monthlong series on the Blended Retirement System. Click the links to listen to Episode 1 and Episode 2 if you missed out. This episode is dedicated to explaining what to do with your BRS and TSP when you take off the uniform one last time and collect your DD214. Unlike the Legacy High-3 retirement that you could put on auto-pilot, the BRS has choices to make all the time. Take control of your finances by learning the benefits and mastering the strategies to maximize your benefits.

In this week's episode we talk about what to do when you get out, whether you're the 1 in 6 who makes it to retirement or the 5 in 6 who separates before 20 years. No matter what, 100% of you have the TSP and Service-Matching contributions in your TSP that you need to take care of. Should you cash out or keep it in the TSP? We provide three reasons why you should absolutely keep your TSP partially funded and open -- even if you move 99% of your savings elsewhere.

And what about the Lump Sum Option? The BRS, DoD, TRS, TAP, USAA, and other organizations would have you believe taking the Lump Sum is a poor decision that will cost you money. They even try to convince you that taking the Lump Sum is the same as giving up a quarter million dollars or more -- but they have it totally backwards! The Lump Sum is your Golden Ticket to investment riches, and we make it our goal this week to convince you to take the Lump Sum 100% of the time.

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