Just in time for Military Saves Week, Feb. 19-26, a second edition of the “Financial Field Manual: The Personal Finance Guide for Military Families” will see a release of some 800,000 copies, all to be distributed on military bases and through state securities agencies. The guide is a joint effort by the Investor Protection Trust, the Investor Protection Institute, the Council of Better Business Bureaus and Kiplinger’s Personal Finance Magazine.
Written in Kiplinger’s style by contributing editor Kimberly Lankford, herself a military spouse, the guide is designed to assist military families make informed investing decisions, protect their money and their families, and take charge of their financial lives.
Don Blandin, IPT president and CEO, said in a statement, “For military families at home, readiness in terms of their personal finances can be nearly as important as the readiness of their loved ones who are in harm’s way serving our nation. Unfortunately, military families can have a difficult time finding the resources needed to help them make smart investing decisions.” He added that this was the reason the partnership had published the guide, which is also available online.
As well as success stories from military families, the 20-page booklet includes information on investing for the future; protecting investments and family; special home-buying resources; protecting investments when leaving the military; and special benefits for military families. The guide also includes information on the current generation of scams and how to avoid them.
Even though military personnel have a number of specialized financial options available to them in several arenas, many are unfamiliar with them or do not know how to take advantage of them.