Military Retirement Overhaul Calls for DC, DB Blend
Lawmakers are debating major reforms to the military retirement system, proposing a new system combining the current defined benefit plan with elements of a 401(k).
Military Still Worried About Sequestration, Confident About Repeal
The military spending caps enacted by Congress in 2011 are unpopular among servicemembers, and 80% think they should be repealed.
Middle-Class Servicemembers Increase Retirement, Short-Term Savings
Middle-class military families are committed to saving, according to the First Command Financial Behaviors Index.
Online Tools Used More by Military Than Civilian Investors
Servicemembers are more likely than civilians to use online tools in financial planning, according to the most recent First Command Financial Behaviors Index.
Servicemembers, Civilians Less Worried About Economy
Civilians and servicemembers alike are growing less concerned with the state of the economy, according to the First Command Financial Behaviors Index.
Sequester Strikes Military Families as Pentagon Makes Budget Cuts
As Congress grapples with $85 billion in sequester cuts, the Pentagon is slashing its budget, and service members and their families are making cuts of their own.
Fiscal Cliff Deal Kicks Military Families’ Concerns Down the Road
The feelings of stress and fear that military families reported feeling ahead of a decision on the fiscal cliff and sequestration have only been extended, not assuaged, by the deal passed on Jan. 1, First Command reported Monday.
Fiscal Cliff, Sequestration Major Concern for Military
Military families' worries about fiscal cliff talks are immediate and hard-hitting: cuts in retirement benefits and increases in health care costs will kick in should sequestration occur.
Financial Savvy Benefits Military Families: Survey
A financial literacy test and survey commissioned by First Command found that, perhaps not surprisingly, a high level of financial knowledge is associated with feelings of emotional well-being among middle-class military families.
Allianz Hires 11 Annuity Wholesalers
Sales efforts will focus on financial advisors at large broker-dealers, banks and wirehouses