Make time your investing ally
How much money will you need in retirement?
Unless you’re able to predict the future, you probably can’t answer that question with absolute certainty. There are simply too many variables involved.
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Sequestration Concerns
Military families* continue to be concerned about possible cuts to defense spending, with 70 percent of those surveyed in February expressing anxiety and 73 percent anticipating being financially affected by cuts.
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The changing terrain: Benefits
This week the Army announced plans to halt funding cutbacks on many morale, welfare and recreation (MWR) programs. The Army had planned to make cuts at the beginning of the fiscal year (Saturday, Oct.
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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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The changing terrain: Military families react to annual pay raise
When it comes to benefits, military families (commissioned officers and senior NCOs in pay grades E-5 and above with household incomes of at least $50,000) unsurprisingly rank basic pay as the most important.
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Breaking the New Military Retirement code
This month marks the 74th anniversary of The Battle of Midway, a decisive battle in the Pacific during WWII wherein United States Naval Forces prevented Japan from securing dominance in the region.
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The changing terrain
FY17 NDAA
A Tuesday Executive Office memo from the Office of Management and Budget on the Senate’s FY17 NDAA reminded Congress that “any increase in funding must be shared equally between defense and non-defense” as agreed to in the 2015 Bipartisan Budget Act.
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The changing terrain: Military retirement
Blended Retirement System
A DoD News interview with two department subject-matter experts on the new blended military retirement system outlined the training program for educating all affected parties:
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Leader training began June 1 on the Joint Knowledge Online portal and the MilitaryOneSource website, and on DVD at deployed, shipboard and other remote locations.
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The changing terrain: NDAA 2017
Draft FY17 NDAA
The Senate Armed Services Subcommittee on Personnel approved its draft of the FY17 NDAA on Thursday. The Senate’s version includes a 1.6 percent pay raise for service members, in line with the president’s request, which is .5 percent less than the House’s draft.
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The changing terrain: Military retirement
Half of military families surveyed in the most recent First Command Financial Behaviors Index® are aware of the proposed modifications to the new military retirement in the president’s 2017 budget.
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