Career military families already budgeting for summer moves
America’s career military families who expect a Permanent Change of Station (PCS) this summer are already putting their financial houses in order. Nine out of ten middle-class military families who expect to make a PCS this summer have already budgeted for the costs of their move, according to the latest findings of the First Command Financial Behaviors Index®.
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Interest in the Blended Retirement System
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.
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How am I supposed to know how much life insurance I need?
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
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
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
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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Career military showing heightened interest in new retirement benefit
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
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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Rebuilding U.S. Armed Forces and a new Blended Retirement System course
Rebuilding the Armed ForcesDefense Secretary Mattis distributed implementation guidance for budget directives in the National Security Presidential Memorandum on Rebuilding the U.S.
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