Do you still get a pension under the BRS? YES! We can't believe this myth and misinformation is still spreading around the military.

Spencer and Jamie break down the three components of the military's Blended Retirement System (BRS) and address common misconceptions. They explain how the pension calculation works, discuss TSP matching benefits, and detail continuation pay options across different services. The hosts emphasize that servicemembers still receive a pension under BRS and highlight both the advantages and potential pitfalls of the system.

Questions discussed:

• How is the pension calculated under BRS?
• What are the three main components of BRS?
• How does TSP matching work?
• What are the continuation pay rates across different services?
• Why did the DOD switch to BRS?
• Should you take the lump sum option?
• How can leaders help troops not miss continuation pay opportunities?
• Is the BRS lump sum retirement option a good idea?

Resources mentioned:

• militarypay.defense.gov/blendedretirement
• Continuation Pay episode w/ Brandon Lovingier, The Enlisted Money Guy (Ep #128)
• Military Money: Pay and Pension app (free) on Apple's app store
• Nectarine's flat-rate financial advisors available for booking with 10% military discount using this link

For a limited time, Spencer is offering one-on-one Military Money Mentor sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [email protected].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

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