Posts Tagged ‘retirement planning’
While establishing goals for 2017, military members have critical decisions to make this year that could have huge implications to retirement planning and savings. Military retirement reform became law in November 2015 and takes effect officially on Jan. 1, 2018.
How does the new law impact military members?
The new law creates big changes for how retirement compensation is structured.
When you envision retirement, you probably see yourself living comfortably, doing what makes you happy. Your dreams could be as lofty as traveling the world or as simple as spending more time with your friends and family. Everyone’s vision is unique.
Planning for retirement is an important and sometimes difficult endeavor. As a member of the military, you may have some special opportunities and challenges when preparing financially for retirement. Often, retiring from the military leads to a second civilian career–and a second retirement.