You’ve heard the saying, “You never appreciate something till it’s gone.” Don’t let that be the case with the military’s newest retirement system, the Blended Retirement System (BRS).
Between Jan. 1, 2018 and Dec. 31, 2018, eligible military members have the option to choose between the new BRS and the High-3 retirement plan. The following infographic helps explain your options:
Just remember that on Jan. 1, 2019, the decision will be made for you. If you do not opt into the BRS before then, you will remain in the High-3, which may not be the best choice for you if you don’t plan to retire from the military. However, also keep in mind that once you opt into BRS, your decision is final and you can’t go back to High-3. Therefore, it’s important to make this decision wisely before it’s too late. Here are some things to consider as you compare these two military retirement systems.
Your situation: You plan to retire from the military after 20 years of service.
Your situation: You plan to separate before reaching military retirement.
Your situation: You’re not sure if you’ll stay in or get out
USAA’s Military Retirement Comparison Tool (MRCT) can help you compare the two systems from a financial perspective. You can find this tool and more information about the two systems on USAA’s BRS page.
No Department of Defense or government agency endorsement.
Information is accurate as of October 2018 and is intended for use by USAA, its members, and prospects.
The information contained is provided for informational purposes only and is not intended to substitute for obtaining professional financial advice. Please thoroughly research and seek professional advice before acting on any information you may have found in this article. This article is no way attempts to provide financial advice that relates to all personal circumstances.
USAA means United Services Automobile Association and its affiliates.
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