A Foolish Take: A Retirement Plan to Protect Veterans
Every year, we honor veterans of the U.S. armed forces for their service to their country. Yet just like every other American, veterans have to do their best to plan for the financial needs that retirement will bring. Often, being a veteran means facing additional challenges that most people don't, and that can make it even harder to come up with a workable financial plan.
To help military service members with their financial needs in retirement, the federal government gives them access to a unique retirement plan called the Thrift Savings Plan. This low-cost plan has five different funds, giving access to a variety of stock and bond investments. Participants can choose how much to invest and which funds they want.
As you can see below, Thrift Savings Plan assets have more than doubled over the past decade, thanks largely to a strong stock market.
Source Fool.com
