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How Your Service Member Will Benefit From the Military’s New Blended Retirement System

The military recently adopted a new retirement plan called the Blended Retirement System which extends benefits to a lot more service members than the old plan. The good news: the BRS can put your service member on the path to long-term financial security. And, the more a service member contributes to their own retirement, the more the Department of Defense matches it.

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How Members of the National Guard and Reserves Can Use the Official BRS Retirement Calculator

Military members who serve their country as part of the National Guard or a branch’s reserve component may qualify for retirement benefits – including a Blended Retirement System pension and Thrift Savings Plan retirement payments. You can estimate what your potential retirement payments may be with the official BRS military pay calculator.

Resources

Taxes – Resources

As a service member or eligible family member, you can take advantage of several resources and services that can make tax time easier. Tap into 100% free tax and financial counseling, secure online preparation and free tax filing, and information. …
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Understanding the Survivor Benefit Plan

The Survivor Benefit Plan, or SRB, allows retired service members to allocate a portion of their retired pay to a spouse or other eligible beneficiary after their death. Every retiring service member with an eligible spouse or child receives automatic enrollment in the Survivor Benefit Plan at the maximum level

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Eligibility for Confidential, Non-medical Support Services

Military OneSource helps service members and their families be the best guardians of their country, team and family by helping them find information, manage challenges and connect with the military community.

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Military Families, Plan Now to Reach Your Financial Goals

You have a unique vision of what you want the future to look like. Maybe you want to buy a home, send your children to college or you’re looking toward retirement. When it comes to planning for your “some-day” expenses, they become a lot more attainable if you start planning and saving early.

Essentials

Transitioning Veterans – The Essentials

Transitioning Veterans is a free Military OneSource specialty consultation designed specifically for service members returning to civilian life. Whether you are 12 months out from retirement or separation or within 365 days of your last day of service, you are eligible for this personalized transition support. Through a series of sessions, a professionally trained consultant will help you identify goals and navigate benefits and resources.

General

MilTax: Tax Services for the Military

MilTax preparation and e-filing software is available mid-January through mid-October. Powered by an industry-leading tax service provider, it’s designed to address situations specific to the military. This easy-to-use, self-paced tax software walks you through a series of questions to help you complete and electronically file your federal return and up to three state tax forms. Calculations are 100% accurate – guaranteed by the software provider.

Laura C. Conley

Army National Guard Spouse Term of Service: 2 Years — Beginning June 2016 Ms. Conley is married to CSM Brunk W. Conley, retired, formerly the 10th Command Sergeant Major of the Army National. …
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4 Things to Consider

Maybe you’re just ending your first tour of duty. Maybe you’ve fulfilled your obligation to your country. Now, you’re at a crossroads—re-enlist, reserves, transition out? How do you know you’re making the right call?

Essentials

Financial Counseling – The Essentials

You don’t need to tackle issues like mounting debt or saving for college or retirement alone; Military OneSource financial counselors are available in-person, over the phone and video. Financial counseling gives you an opportunity to talk to a trained professional – one who is familiar with the issues that affect service members – about your questions and receive referrals to services and programs that meet your specific needs. Rest assured, Military OneSource financial counselors will not push products or plans on you.

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The Military Medical Evaluation Process

The Department of Defense and the Department of Veterans Affairs have simplified and streamlined the medical evaluation process for service members and their families through the creation of the Integrated Disability Evaluation System. Additionally, your Physical Evaluation Board liaison officer acts as your main intermediary during the process, providing valuable guidance and serving as a patient advocate.

Beyond Military Pay: Your Service Member’s Robust Military Benefits Package

As a member of your service member’s support network, you may have heard the good news that both active duty and reserve military personnel received a 3.1% military pay raise in 2020 – among the biggest in a decade. Beyond the salary bump, you’ll be glad to know that your loved one has several ways to be financially fit.

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Medicaid Waivers for Military Families

Planning to separate or retire from the military one day? You may be able to place your eligible family member with special needs on a Medicaid waiver wait list now.