Most military members have the Servicemembers' Group Life Insurance (SGLI) and have had it since their entry into service. Upon entry into service, each of us are automatically enrolled in SGLI at the maximum rate of $400K in death benefit at a price of $29 per month. Is this a great deal or have you … Continue reading Are You Getting Bent Over By SGLI?
We are just shy of a month since the launch of the DoD's new Blended Retirement System (BRS). Now, it's time for Active Component Service members with fewer than 12 years since their Pay Entry Base Date, and Reserve Component Service members who have accrued fewer than 4,320 retirement points as of December 31, 2017 … Continue reading The Blended Retirement System and Your Opt-In Decision: Should You Stay or Should You Go?
We're less than a month away from the start of the Blended Retirement System (BRS) and all military branches have now released their Continuation Pay Rates for 2018 with the Air Force being the last to do so with their announcement a couple weeks ago. All branches went with the same multiplier, year of service … Continue reading Air Force Continuation Pay Rates Released
If you’re like me, you completed your mandated Blended Retirement System (affectionately known as BRS from here on out) CBT and found yourself saying, “Holy smokes, that CBT was educational AND surprisingly enjoyable!” Just kidding. Many of us likely took the approach of, yep, uh huh, I’m sticking with the traditional system…don’t care…can I possibly … Continue reading The Blended Retirement System – The Good, The Bad, The Ugly and Why You Should Care
With the launch of the Blended Retirement System (BRS) right around the corner, 2018 Continuation Pay Rates are being released. All of the major branches other than the Air Force have reported their rates...all are offering Continuation Pay at 12 Years of Service (YOS) and at the minimum rate of 2.5X base pay (i.e. TSgt … Continue reading Continuation Pay Rates Released
With the holidays right around the corner, it makes sense to take a look at our budgets for some inefficiencies where we can save some money every month. You're not going to be able to avoid all of the normal expenses that come with the holiday season, but if you can trim $50-100 month from … Continue reading Budget Hacks That Could Save You Some Serious Coin!
Those stacks of Benjamins pictured above represent the money you could be leaving on the table if you make the wrong choices or don't fully understand the Blended Retirement System (BRS). Here are the Top 5 things that every Servicemember should know about the BRS: The BRS goes in to effect on January 1, 2018. … Continue reading 5 Things Every Servicemember Should Know About the Blended Retirement System