New Financial Field Manual for service members and their families now available from the Commissioner of Securities & Insurance
HELENA, MT– Military members and their families face unique challenges when it comes to securing their financial future. This week is the annual Military Saves Week dedicated to educating service members about financial readiness, investments, and avoiding fraud.
Montana Commissioner of Securities and Insurance Matt Rosendale today marked Military Saves Week by providing the new 2017 Kiplinger’s Financial Field Manual: A Personal Finance Guide for Military Families free to Montanans (available here).
“Our military members serve us every day, and this week I’d like to say ‘thank you’ by providing this valuable financial tool in service to them,” Rosendale said. “It’s important to make sure that Montana residents are informed about investing and that is why we are committed to getting our servicemen and women this vitally needed information.”
The Financial Field Manual contains important information on retirement planning, protecting investments, and avoiding fraudulent pitches. Men and women who join the armed forces between 2006 and the end of next year can choose to stick with the retirement system that’s been in place for decades or choose a new, blended plan that includes both a pension and contributions to the federal government’s Thrift Savings Plan. The new Financial Field Manual is designed to help Montanans navigate that decision and provide a wealth of other financial information.
“The latest edition of the Financial Field Manual is a powerful weapon in the fight for financial security for the men and women who serve in the military,” Knight A. Kiplinger, editor in chief, Kiplinger’s Personal Finance and Kiplinger.com said. “We know they confront unique, often complex financial challenges. We want to help make sure they take advantage of the valuable benefits and investing opportunities available to them.”
Montana is home to over 3,300 active-duty military personnel, more than 4,400 reserve military members (including the National Guard), and nearly 19,000 military retirees. The Financial Field Manual is designed to serve all current and retired members of the U.S. military, and Rosendale’s office is working to distribute printed copies of the guide across Montana. The information can also be found on the state auditor’s website at csimt.gov/your-investments/financial-field-manual.
Military Saves Week runs from February 27th to March 4th this year.
The Financial Field Manual is a personal finance guide made possible by Montana Securities Commissioner Matt Rosendale, the Investor Protection Trust (IPT) and the Investor Protection Institute (IPI).