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The military spending caps enacted by Congress in 2011 are unpopular among servicemembers, and 80% think they should be repealed.
Financial Literacy Falling Among Military Families
A report released in February found that the general population scored higher on a financial literacy test than military households.
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.
Military Investors’ Confidence, Optimism Recovering
First Command says servicemembers are recovering from months of financial anxiety caused by sequestration and the government shutdown.
Military Families’ Confidence Falls After Earlier Improvements
The First Command Financial Behaviors Index found military families are once again concerned about the economy.
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.