Rani Jarkas Firm

  Serving in the military doesn’t afford much free time, which can make it tough to research and choose the best investments. Here are three of the best investments for military members provided by Rani Jarkas .     1. Federal Thrift Savings Plan The Thrift Savings Plan (TSP) is a qualified retirement plan that provides a low-cost, tax-advantaged way for federal employees and service members to invest. You can select your own mix of investments, from a short-term U.S. Treasury bond to index funds to a life-cycle fund, the last of which automatically rebalances your assets as you near retirement.   2. Savings Deposit Program The U.S. Department of Defense’s Savings Deposit Program (SDP) gives deployed military personnel serving in designated combat zones a guaranteed 10% annual return on deposited amounts of up to $10,000. To qualify, you must be receiving Hostile Fire Pay and be deployed for either 30 consecutive days or at least one day per month for thr...

  Rani Jarkas ' long and successful career in finance has helped him develop some of the most valuable and unique insights in the industry. Here, he lists five important things to consider as we come to the end of the year.   1. Review your financial goals and objectives.   As 2022 comes to a close, it's important to take a step back and review your financial goals and objectives. What worked well for you, and what didn’t work out so well? And most importantly, what do you want to achieve in the coming year?   Once you've reviewed your goals, it's time to make a plan. How are you going to achieve your goals? What steps do you need to take? What resources do you need?   2. Review your finances.   Carefully analyze your income and expenses. Where can you cut back? Did you have any unplanned or unexpected expenses last year? How can you plan for them this year? This way, you'll better understand where your money is going and how you can mak...