Veterans possess unique skills and resilience honed through their service, but transitioning to civilian life often comes with challenges. By providing tailored support, investing in their careers, and utilizing veteran-focused initiatives, we can empower those who have served to thrive in their post-military lives. Below, we outline key strategies to invest in veterans, leveraging financial tools, supportive programs, and critical legislation, while emphasizing the importance of vigilance against fraud.

1. Leverage Employer-Sponsored Retirement Plans

One of the simplest yet most impactful ways to support veterans is by helping them secure their financial future through employer-sponsored retirement plans.

• 401(k) or 403(b) Plans: These retirement accounts allow veterans working in civilian roles to contribute pre-tax income directly from their paychecks. Many employers match contributions, effectively doubling the investment.

• Learn More: Veterans and Employer Retirement Plans - Investor.gov.

2. Take Advantage of the TSP

For active-duty service members, the Thrift Savings Plan (TSP) is the federal government’s version of a 401(k).

• Key Benefits of the TSP:

  • Low Fees: Provides more savings over time.

  • Tax Benefits: Contributions are tax-deferred or Roth-based.

  • Matching Contributions: Service members under the Blended Retirement System (BRS) receive up to a 5% employer match.

  • Portability: Veterans can roll over their TSP account into a civilian 401(k) or IRA upon leaving the military.

• Learn More: Saving and Investing Tips for Veterans - VA.gov.

3. Participate in InvestVets Programs

InvestVets connects employers with veterans through virtual networking events that create stress-free environments, unlike traditional job fairs. These events offer opportunities to:

• Build professional relationships.

• Reduce job-seeking anxiety for veterans.

• Facilitate meaningful connections between military talent and employers.

Learn more about InvestVets through initiatives like National Invest In Veterans Week®.

4. Support the Service-Disabled Veteran Opportunities in Small Business Act

This vital legislation ensures that service-disabled veterans have the resources to establish and grow small businesses.

• Key Provisions:

  • Mandates federal guidance for service-disabled veteran entrepreneurs.

  • Streamlines access to grants and loans.

  • Offers training programs tailored to unique challenges faced by disabled veterans.

Explore more about this legislation: Invest in America, Invest in Veterans - Congressman Brian Mast.

5. Commit to the Veteran Saves Pledge

The Veteran Saves Pledge, launched by America Saves, encourages veterans to prioritize saving and investing for long-term financial security.

• Participants Receive:

  • Actionable tips on achieving financial goals.

  • Access to a robust library of tools and resources.

Learn more: Investment Vehicles for Veterans - Veterans Saves.

6. Avoid Fraud While Investing

When investing, it's crucial to remain vigilant and conduct thorough research to avoid scams.

Signs of Fraud:

• Promises of guaranteed or extremely high returns with little risk.

• Hidden fees that erode your investment over time.

• High-pressure sales tactics urging immediate decisions.

Tips for Safer Investing:

1. Verify the credentials of financial advisors and investment firms using Investor.gov.

2. Research investments thoroughly and avoid opportunities that seem too good to be true.

3. Opt for low-fee accounts to maximize returns over time.

7. Participate in National Invest In Veterans Week®

National Invest In Veterans Week® (NIVW) is an award-winning global initiative designed to support veteran entrepreneurs. It includes:

• Signature Events:

  • Forward March Saturday: A networking opportunity that brings together veterans, employers, and community members.

  • Veteran Tech Tuesday: Focuses on technology training and innovation for veteran entrepreneurs.

• Global Presence: Operating in 62 markets, NIVW connects veterans to international resources.

Explore more: National Invest In Veterans Week®.

Conclusion: A Roadmap for Investing in Veterans

By leveraging financial tools, supporting key legislation, and participating in veteran-focused programs, we can collectively create opportunities for those who have served. Investing in veterans is not only an expression of gratitude but also a strategic investment in innovation and economic growth.

Explore More Resources

• Veterans and Employer Retirement Plans - Investor.gov

• Investment Vehicles for Veterans - Veterans Saves

• Saving and Investing Tips for Veterans - VA.gov.

By implementing these strategies, we can ensure that veterans have the resources, mentorship, and opportunities they deserve for a successful transition to civilian life.