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! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.