Posted on Jul 20, 2018
BRS breakdown: This service leads, by far, in troops switching to the new retirement system
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The Marine Corps has the highest percentage of BRS opt-ins by far: 27.2 percent, nearly 10 percentage points ahead of runner-up Navy at (17.1 percent). The Army has the smallest percentage of opt-ins at 8.8 percent.
BRS breakdown: This service leads, by far, in troops switching to the new retirement system
Posted from militarytimes.comPosted in these groups: 
Retirement
Retirement
Posted >1 y ago
Responses: 2
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I believe in sny program where funds are matched. To me that is free money. I retired from job #2 1996 with a sum of money in a 401k. Believe me, I have been drawing on it for 7 years now. And only drawn approx 30%. A lot of people will never sign up because of trust issues. Some think they will lose money. But my Brothers and Sister, don’t miss out. I am getting a return of about 4% on my money.
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20% less in retirement for the new system? Hard to imagine how that passed legislation when we have been in two wars since 2003.
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MSgt John McGowan
LTC (Join to see) - Sir maybe I shouldn’t have jumped in. I do not know your program but I do know the value of matching funds.. If I left an imptreeion that I supported the new system. If you have, which you do have people under the new system I would highly recommend put enough in where you get max matching. Otherwise I will back out and leave this subject alone
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LTC (Join to see)
MSgt John McGowan Not at all. I retired end of 2015 with 23 years of service. I believe I was under the High 3. I was lucky that I invested in the TSP at 10% and had a Roth IRA and other investments with another firm. I preached saving for retirement to all my Soldiers. Most purchased expensive items instead of saving for their future.
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MSgt John McGowan
Sir. You saw the need for saving early in life. I was in from 1956 to 1976. Low pay then but I still managed some saving. My # 2 job had the 401k. It took longer for thr company to offer it. With my SS and AF retirement, #2 job retirment and the 401k I get by. I tried to get some of the people I worked with to sign up. But no and my daughter had the sign up got 401 at her job and she ran into the same.
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LTC (Join to see)
MSgt John McGowan My Dad was in the Army and saving for retirement was a lesson he taught me. Compounding Interest is the 8th Wonder of the World.
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