I really wanted to use the titles Hidden Secrets Of The BRS!! or Shocking Urban Legends Of The BRS Revealed #4 Is Jaw-dropping!!
But this is a serious life-changing decision.
Ive had a ton of reader BRS questions and feedback. The good news is that a group of us military personal-finance bloggers have tracked down the answers with the Department of Defense.
This post is going to dig into those details. Theres also a little tough love here for those who have not had the training.
Hint: go get the training.
Teach yourself about the Blended Retirement System
If you dont know about the BRS yet, then go find out. Stop waiting on the military to explain it. Dont depend on your friends or fellow servicemembers who claim Weve heard that
The opt-in period for the militarys Blended Retirement System begins on 1 January 2018. Youre eligible to opt in if you have less than 12 years of service before then. (Reserves and National Guard members must have less than 4320 points.) You have all of 2018 to opt in, but you should make up your mind now. All of the info you need has been published.
If you opt in during the first half of January and contribute at least 5% of your base pay to your Thrift Savings Plan account, then DoD will also start contributing 5% in January.
The longer you wait to do the math, the more you could lose. Theres enough information now to make the decision on 1 January. Stop putting it off.
I got the chance to interview Everett, who is active at Military Spouse Central, about his experiences as a military husband. After hearing his story, it became clear that military and civilian readers alike can perhaps gain a new perspective about what it means to be a military spouse.