Maximize Your Military Retirement and Benefits

 
02/14/2022

[ Article originally appeared in www.moneygeek.com ]

By Nadia Neophytou,

 

Adjusting to civilian life after active duty is a journey filled with discovery and occasional challenges for retired service members of the Army, Navy, Marine Corps, Coast Guard and Air Force. Armed with knowledge on how best to make their retirement work, they can transition into, adapt to and thrive in the next phase of life with great success. Military retirement plans and benefits are designed to facilitate a fruitful retirement for those who have served our country.

In recent years, the military has enacted changes to its retirement plan to make military service more appealing to a younger generation accustomed to career flexibility and mobility. Traditionally, military retirement pay was created for service members who've served in active duty or the reserves for at least 20 years. The Blended Retirement System (BRS) was created for service members who don't reach that number but still want to leave the military with some benefits available.



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