When the Army asks you if you’ve done your mandatory BRS training just tell them you’ve read this article!
The High-3 System is one of the best retirement plans in the world, but it’s only the best in the world if you actually stay in for 20 years. Remember, the Department of Defense created this new retirement plan for one main reason: to save them money, not you. That being said, the BRS is not necessarily a terrible plan. Decisions like these are rarely so cut and dry. What the High-3 offers in dependability, the BRS potentially counters with flexibility.
In this article I will explain the characteristics of each retirement system in plain English, weigh the pros and cons of each, and explain when it makes sense to do one over the other.