The changing terrain: The New Military Retirement
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.
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DoD budget cuts mean shorter vacations for military families
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.
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The changing terrain: Sequestration
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.
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The changing terrain: Sequestration and the presidential election
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.
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The servicemembers’ guide to annuities
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.
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The changing terrain: The New Military Retirement
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.
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Apple Pay: More secure than your debit or credit card
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.
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