Financial Planning

To U.S. Military Personnel and Their Families

The financial strategies, rules and resources for military families are often very different from those for civilians.

Knight A. Kiplinger, Editor in Chief, Kiplinger’s Personal Finance and Kiplinger.com
Steven J. Cole, President and CEO, Council of Better BusinessBureaus

We are pleased to present youwith a personal-finance guidecreated especially for militaryfamilies. While our troops carry out their difficult and dangerous missions, we know that they and their families are not immune to the financial turmoil that isimpacting every household in America.Times are tough and it is harder thanever to make ends meet, let alone savemoney for future expenses such as collegeand retirement.

That's where the Kiplinger-BBB Personal Finance Guide for Military Families comes in. On these pages you will find practical, easy-to-understand information about being financially prepared for deployment, buying a home, minimizing taxes, holding down insurance costs and avoiding financial schemes that too often target military families.

This guide is a collaboration between two organizations that have been helpingconsumers -- including members of the military -- for a long time. When the Kiplinger Magazine (now called Kiplinger's Personal Finance) was launched in 1947, a driving motivation was to provide sound, unbiased personal-finance advice to military personnel returning to the workforce after World War II.

Better Business Bureau, established in 1912, is the nation’s oldest nonprofit organization in the field of advancing marketplace trust, and specializes in providing consumers with information that helps them make wise choices. It has long worked on behalf of military families, and BBB Military Line® specializes in consumer education and advocacy for them.

As you read the guide, you'll realize that two people spearheading this project have deep personal interest in the topic. Kimberly Lankford has been providing solid advice to readers of Kiplinger’s Personal Finance and Kiplinger.com for more than a decade.

Since 2004, Holly Petraeus has headed up the Council of Better Business Bureaus'BBB Military Line® program, where she provides financial education to military families.

In addition to their expertise in personal finance, they have a very special credential: They’re both military spouses. They know firsthand that the financial strategies, rules and resources for military families are often very different from those for civilians.

PERSONAL FINANCE FOR MILITARY FAMILIES

You can download these PDF files or go to our online Military Guide to read on the Web.

Savings Strategies
Investing for Yourself and Your Future

Financial Fraud
Avoiding Scams That Target the Military

Be Prepared
Strategies Before and After Deployment

Home Sweet Home
Smart Home-Buying Tactics

Transition
Time to Become a Civilian

At Your Service
Financial Resources for Military Families

Organize Yourself
Personal-Finance Worksheet

Download Here: The Complete Personal Finance Guide for Military Families

We hope you find this guide useful. Thank you for all you do in the service of our nation!

VISIT OUR VIRTUAL GUIDE FOR MILITARY FAMILIES for videos, tools and more information.

Most Popular

Why Are Gas Prices Still Going Up?
spending

Why Are Gas Prices Still Going Up?

The cost of a gallon of gas is heading back toward its March highs. What’s driving the resurgence, and will gas prices go down anytime soon?
May 23, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math
retirement planning

Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math

The math isn’t as tough as you might think. It all starts with dividing your assets into three different buckets.
May 23, 2022

Recommended

This Couple Tackles Love and Money as a Team
Getting Married

This Couple Tackles Love and Money as a Team

Fyooz Financial, the husband and wife team of Dan and Natalie Slagle, have carved out a niche advising other couples with the money questions that com…
May 24, 2022
Buying Annuities in Your 401(k)
Financial Planning

Buying Annuities in Your 401(k)

More plans are offering annuities that could provide income in retirement. Here’s what you need to know.
May 24, 2022
Things You’ll Regret Keeping in a Safe Deposit Box
savings

Things You’ll Regret Keeping in a Safe Deposit Box

Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs.
May 18, 2022
14 Reasons You Might Go Broke in Retirement
retirement

14 Reasons You Might Go Broke in Retirement

Running out of money in retirement is a legitimate fear. But there are steps you can take to avoid that fate – and it’s never too late to start.
May 9, 2022