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More information will be coming out on the DoD web pages as the final touches are placed on the new retirement system. An AC calculator is in the works, RC/Guard will follow as the calculations are more complicated.
Blended Retirement
Posted from militarypay.defense.govPosted in these groups: 
Military Career
Retirement
Military Career Retirement
Posted >1 y ago
Responses: 7
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I still think that the federal government is passing the buck (i.e. responsibility) onto the unsuspecting Service Member. After countless presentations on the ward, I have found out that many youngsters have never been presented with basic economics, or an understanding of a checkbook, or just general political knowledge.
Asking them now to put money into funds with little to no knowledge versus a set paycheck is downright wrong. Of course, the notion is to save money, and to pass a little something to those who have served. But let us look at it another way: no other company FORCES you to figure out a way to save, yet the federal government is doing just that. I am still astounded by this result.
I can safely say I will not be encouraging my boys to do 20 years in the military; an initial hitch and then get out.
Asking them now to put money into funds with little to no knowledge versus a set paycheck is downright wrong. Of course, the notion is to save money, and to pass a little something to those who have served. But let us look at it another way: no other company FORCES you to figure out a way to save, yet the federal government is doing just that. I am still astounded by this result.
I can safely say I will not be encouraging my boys to do 20 years in the military; an initial hitch and then get out.
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CW5 (Join to see)
So I was asked to speak to some AIT students about Network Operations. After I completed that I did an Q&A with no subject off limits. I frankly asked them if they got a financial readiness class in basic training. Apparently they do now and they talk about retirement savings.
Still, its hard to expect an 18 year old out and about on their own for the first time to think 20+ years out.
Still, its hard to expect an 18 year old out and about on their own for the first time to think 20+ years out.
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The message is pay containment wrapped in a pretty package. This is merely a way to ease the pain of being dismissed.
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90 Minute Seminar - register now!
https://learn.extension.org/events/2688
https://learn.extension.org/events/2688
Retirement Ready? Effective Strategies for Military Families Part I - Nov 1, 2016 - eXtension...
About this Webinar This 90- minute webinar is a collaboration between MFLN’s Family Development, Family Transitions, and Personal...
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