No title available
PR's Tumblrdome
No title available
bliss lane
pixel skylines
Lint Roller? I Barely Know Her
Show & Tell
Kiana Khansmith
One Nice Bug Per Day
ojovivo
🩵 avery cochrane 🩵
Noah Kahan
EXPECTATIONS
Interview Vampire Daily
h
d e v o n
hello vonnie
No title available
No title available
NASA
seen from United States
seen from Malaysia
seen from Argentina
seen from Canada
seen from Iraq
seen from TĂĽrkiye
seen from United States
seen from United States
seen from Bangladesh
seen from Russia
seen from T1
seen from Brazil
seen from Bangladesh
seen from Russia
seen from TĂĽrkiye
seen from Netherlands
seen from India
seen from France
seen from Mexico
seen from Colombia
@milretirement-blog
Military OneSource will be hosting a worldwide Blended Retirement System webinar on Wed., Oct. 18, 2017, 1pm-2pm ET! Great opportunity to have any of your BRS questions clarified - and you’ll likely learn some valuable answers to questions you haven’t yet thought of! We’ll see you there.
REGISTER HERE
www.blendedretirementsystem.com
For those of you pondering the depths of the upcoming military Blended Retirement System (BRS), here are a few knowledge nuggets on the lump-sum option. BRS allows a 25% or 50% lump sum payment, “of the discounted retired pay that would be due a member from the date of retirement until the date the member would reach full Social Security retirement age.” Although nobody will be eligible (the system isn’t available until 2018 AND you’d need less than 12 yrs of service to enroll), the CY18 Government Discount Rate (GDR) is set at 6.99%. There’s a great write-up here, which further explains the lump-sum option along with a fair warning to truly consider tax impact in this decision.
As always, check out www.blendedretirementsystem.com for more BRS information and links!
Great discussion on pros/cons of the new military Blended Retirement System in this article from Army Times. Excerpt: “had these service members received a 5 percent match in their respective TSPs for the past 18 years, they would have received roughly $33,500 and $62,000 in matching funds.”
Find out more on BlendedRetirementSystem.com
The official DoD Blended Retirement Calculator is HERE: http://militarypay.defense.gov/Calculators/BRS/
As seen in the news, 2017 will see an overall increase in BAH (housing allowance) for service members. Regarding the new Blended Retirement System, there have been no recent updates. We are awaiting a Reserve Component Webinar date as well as updated retirement calculators from the DoD that will allow members to determine which retirement system to choose in 2018.
A great opportunity to increase your retirement savings by 2.1%!
Get learned! Military OneSource has a new educational course offering about the Blended Retirement System: Blended Retirement System Personal Financial Counselor - Educator Course (Click the link to JKO training site: no CAC card required)
The question regarding retroactive matching of TSP contributions under the new Blended Retirement System has come up several times. Unfortunately, the answer is that there will be no retroactive matching for contributions if you opt-in for the new system.
Happy Tuesday. Sorry- it’s been a while since the last post! Today’s topic: Will members be eligible for reenlistment bonus if they receive the BRS continuation pay? Answer: Yes they can, but at the service’s discretion. Feel free to sent any questions our way at the blendedretirementsystem.com website or on our Facebook page!
Good video about the new military Blended Retirement System from DoD News!
Conquer your financial fears! A recent Blue Star Families survey found that the TOP TWO issues of concern for military families were, “Military Pay and Benefits” and “Changes in Retirement Benefits.” Read, research, and learn: improve your financial decisions and decrease your concerns. Stop by BlendedRetirementSystem.com to learn about upcoming changes to the military retirement system to be prepared before it arrives!
Military Blended Retirement System Calculator coming soon!!! Per the DoD BRS FAQ (question 6.3), a calculator to compare benefits of opting-in will be available by January 2017. We’ll share as soon as it comes online.
BlendedRetirementSystem.com
Attention Reservists: Reserve-Component specific Military Blended Retirement System (BRS) infographic now available here: RC_BRS
Although the issue will not be settled until after November elections, service members will likely receive a 1.6% pay raise for 2017. Take this opportunity to increase your retirement savings without impacting your take-home pay!
BlendedRetirementSystem.com
TSP Contributions for service members: $18,000 is max elective deferral limit: annual combined total of traditional and Roth contributions. Your contributions can be altered through MyPay! Learn more at BlendedRetirementSystem.com
EDUCATION: The critical component for successful implementation of the upcoming military Blended Retirement System! BlendedRetirementSystem.com serves one purpose: to assist in the education of service members in areas of compensation and retirement. No advertisements, just data! We’re also happy to answer your questions on these matters and are looking for suggestions to improve the site!
Easily access pay tables, MyPay, TSP, and others from the BlendedRetirementSystem.com Helpful Links page!