How You Can Make $1 Million - Even if You Serve in the Military

Tips to help military families achieve financial independence by retirement age

News provided by

Pioneer Services, a Division of MidCountry Bank

Feb 23, 2011, 09:00 ET

KANSAS CITY, Mo., Feb. 23, 2011 /PRNewswire/ -- In a recent financial education article, How You Can Make $1 Million – Even if You Serve in the Military, a leading industry expert details how it is possible for anyone in the military to earn one million for retirement by age 65 if they start planning early enough in their career.

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The article provides easy-to-follow tips and graphics on where to save money, when to save money, and how to save money. Moreover, it provides links to additional information on federal Thrift Savings Plans (TSP) as well as web-based financial calculators.

"Anyone who serves in the military, be they enlisted or an officer, can save more than one million dollars by age 65, or earlier, if they just make a plan, save early, and unleash the power of compounding interest," said Tom Holcom, chief executive officer of Pioneer Services and author of the article. "It takes a commitment to the goal, a willingness to make hard choices when necessary, an ability to adapt to changing conditions, and the patience not to panic when times get tough."

Tom Holcom has more than four decades of experience in banking and finance. He was named the Executive of the Year – Financial Services by the American Business Awards (ABA) in 2009, and received the Outstanding Civilian Service Medal from the U.S. Army for his support of the military in 2010. He is the author of numerous published articles on financial education and the military.

Pioneer Services, the military banking division of MidCountry Bank, provides financial services and award-winning education to members of the Armed Forces. For more than 20 years, Pioneer Services has been a leader in military lending, offering military loans, retail lending, VA loans, and award-winning financial education programs through a network of offices and on the Internet. Pioneer Services is proud to support military families and communities through a variety of partnerships, programs, and sponsorships.

For more information, visit PioneerServices.com. For loan information, visit PioneerMilitaryLoans.com.