The changing terrain: The New Military Retirement

| August 26, 2016

Military families rank retirement pay as their second-most-important military benefit, preceded only by basic pay. Because of the importance of retirement pay to career service members, and the significant changes that are coming with the new blended military retirement system, First Command Financial Services, Inc.

Continue reading...


DoD budget cuts mean shorter vacations for military families

| August 21, 2016

America’s career military families are dialing back their vacation plans this summer, driven by persistent concerns about defense downsizing. In fact, 73 percent of middle-class military families surveyed* say their plans have changed as a result of defense spending cuts.

Continue reading...



The changing terrain: Sequestration

| August 19, 2016

Approximately three-quarters of military families surveyed in the July First Command Financial Behaviors® Index are anxious about cuts to defense spending. Specifically, 72 percent are anxious and 78 percent anticipate being financially affected by the cuts.

Continue reading...


The changing terrain: Sequestration and the presidential election

| August 12, 2016

Sequestration issues are of high importance to military families who are selecting a presidential candidate. More than three-quarters (78 percent) of families surveyed in the latest First Command Financial Behaviors Index® indicated that sequestration is extremely or very important when it comes to selecting a candidate.

Continue reading...


The servicemembers’ guide to annuities

| August 10, 2016

An annuity is a type of investment product that can generate regular income for you and your spouse after retirement. Like a 401(k) or TSP savings, annuities are tax-advantaged, meaning you won’t have to pay taxes on earnings until you begin to withdraw funds.

Continue reading...


The changing terrain: The New Military Retirement

| August 5, 2016

Career service members and their families* are putting great store in the value of the traditional military retirement. Three out of four service members who say they are likely to serve to full retirement want to be grandfathered into the current retirement system rather than opt in to the new military retirement system that will go into effect Jan.

Continue reading...


Apple Pay: More secure than your debit or credit card

| August 1, 2016

In October 2014, Apple Inc. released a revolutionary new mobile payment system called Apple Pay, which allows users to make payments using only their Apple IOS devices – no card required.

Continue reading...