Tips, advice, and the latest news from the savings world.
By Alecia D. Blair, Military Saves Communications Project Manager, AFC® Candidate, FINRA Foundation Fellow
Whether you have spent four or 24 years following your servicemember around the country and world, don’t forget that your spouse’s separation or retirement from the military is your military transition, too!
By FINRA Investor Education Foundation Staff
Today, 81 percent of members leave military service with no retirement benefits. None. But the military retirement system is changing. The Department of Defense (DoD) projects that under the new Blended Retirement System (BRS), which goes into effect in January 2018, 85 percent of service members will separate with portable retirement savings—partly because the BRS will automatically enroll into the Thrift Savings Plan (TSP) all new service members.