Interest in the Blended Retirement System

| February 24, 2017

Just weeks after the unveiling of the Blended Retirement System (BRS) Opt-in Course, interest in the new system is growing among opt-in eligible service members. The latest results of the First Command Financial Behaviors Index® reveal that 44 percent of middle-class military families say they want to opt in to the new system, rather than be grandfathered into the current system. This level of interest has increased steadily in the last six months, when only 8 percent expressed interest in August. 

Nearly three-quarters (72 percent) of those surveyed are aware of the Opt-in Course (those eligible have until year-end to take the mandatory training). Nine in 10 are likely to consult a financial advisor prior to making the decision. Sixty-four percent of this group indicated they are extremely or very likely to seek help, especially those who are already working with a financial advisor. It’s not surprising that service members want help in making this long-term, vital decision. When asked to rank their most important military benefits, retirement pay ranked third, behind only basic pay and education benefits. 

The upward trend line is the same for service members’ confidence in their ability to retire comfortably. Sixty-eight percent of those surveyed in January feel extremely or very confident; that’s up from 45 percent in August. The number is even higher for those service members currently working with a financial advisor, at 73 percent.



How am I supposed to know how much life insurance I need?

| February 20, 2017

Life insurance is one of those topics most people find uncomfortable to discuss. As a result, they don’t. The problem is that this lack of communication too often leads to families relying on a couple of flawed methods to determine how much life insurance they need.

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Sequestration still has military families feeling uneasy

| February 17, 2017

Knowing the presidential transition would take place in January 2017, military families still expressed high levels of anxiety about sequestration in response to a December 2016 survey.

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Make your finances a powerful relationship enhancer

| February 13, 2017

Couples are often counseled to discuss their finances in order to ensure a happy relationship.  Certainly, money issues can be a significant source of stress in any relationship between spouses, parents and their children or even business partners. 

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Military families begin the year confident in their financial futures

| February 10, 2017

The year 2017 just might be a good year for military families and their finances. Not only did they receive their largest pay raise since 2010, but they ended the year optimistic about their financial futures.

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Hats Placed on Chairs During Retirement Ceremony

Career military showing heightened interest in new retirement benefit

| February 8, 2017

Support for the military’s Blended Retirement System is strengthening among America’s career service members, with two out of five families now expressing a desire to opt in to the new plan.

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Emergency savings for life in the military

| February 6, 2017

Type “emergency savings” into Google, and you’ll find hundreds of articles on the subject that all promote the same general message: you should save and maintain roughly 6 months’ worth of income for unexpected expenses.

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Closeup of Capitol Building in Washington DC

Rebuilding U.S. Armed Forces and a new Blended Retirement System course

| February 3, 2017

Rebuilding the Armed Forces

Defense Secretary Mattis distributed implementation guidance for budget directives in the National Security Presidential Memorandum on Rebuilding the U.S.

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Freedom from debt

| January 30, 2017

In his essay on wealth, Ralph Waldo Emerson writes that “a man in debt is so far a slave.” Since debt is sometimes a necessary tool to help us purchase something essential, we don’t often think about it in those terms.

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Does rebuilding the military include BRAC?

| January 27, 2017

House Armed Services Committee Chairman (HASC) Mac Thornberry wrote an opinion piece for, “Here’s how we will make America’s military great again.” Rep.

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