First Command News & Media

FOR IMMEDIATE RELEASE — April 15, 2015

Military Families Feel Financial Optimism In Face Of Retirement Reform, First Command Reports

Positive financial intentions and behaviors in middle-class military families drive the First Command Financial Behaviors Index® to a record high score

FORT WORTH, Texas — The arrival of a long-awaited proposal to overhaul the military’s traditional retirement system comes at a time when members of America’s career military families are feeling a surge of financial optimism and confidence driven by their own positive money behaviors.

The First Command Financial Behaviors Index® reveals that several key measures of financial confidence have been improving in the months leading up to the Jan. 29 release of a report by the Military Compensation and Retirement Modernization Commission that calls for an overhaul of the 20-year cliff vesting system that has defined military careers for generations. Fourth-quarter survey results show that 53 percent of middle-class military families (commissioned officers and senior NCOs in pay grades E-6 and above with household incomes of at least $50,000) believe that their financial situation will improve in the next year (up 5 points from the first quarter). Career military families are also growing more confident in their ability to retire comfortably (49 percent, up 10 points) and less likely to feel financially stretched month to month (35 percent, down 21 points).

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• • •

First Command in the Media

Presidential Contenders on Federal Benefits, Military Members on Proposed Retirement Reforms, and More
GovExec.com — April 15, 2015

Military Still Worried About Sequestration, Confident About Repeal
Think Advisor — March 17, 2015

Today's troops reject REDUX retirement option
Military Times — March 1, 2015

Financial Literacy Falling Among Military Families
ThinkAdvisor.com — March 2, 2015

Exiting service members need to have a plan before returning to civilian life
Dallas Morning News — Feb. 13, 2015

Skepticism for New Military Retirement Proposal
FinancialBuzz.com — Feb. 12, 2015

Panel's retirement claims draw skepticism
Military Times — Feb. 7, 2015

10 things the military won’t tell you
Market Watch — Dec 15, 2014

Military pension reforms considered
Bankrate.com — Dec. 11, 2014

More Troops Would Prefer Lump-Sum Retirement Checks
Military.com — Dec 10, 2014

Military Retirement Plan Changes Gains Support
Financial Advisor Magazine — Dec. 9, 2014

Military credit woes cause for concern
Pensacola News Journal — Nov. 29, 2014

The Top 100 Military Friendly Employers
Forbes — Nov. 11, 2014

Protecting the Finances of Military Families
CNBC — Nov. 11, 2014

Hiring fairs boost vets' success in finding new careers
Myguidon — Oct 30, 2014

One-Third Of Military Families Are Providing Elder Care, Survey Finds
Financial Advisor Magazine — Oct. 6, 2014

Financial education is best defense for military members
San Diego Daily Transcript — October 3, 2014

Robo Advisers Can't Coach
Wall Street Journal — September 28, 2014

Military families anxious over job security, budget cuts
Fierce Government — Aug. 28, 2014

Military Families Are More Worried Than Ever About the Effects of Budget Cuts
Government Executive — Aug. 27, 2014

A good step to help veterans
Omaha World-Herald — August 13, 2014

Defense cuts spur soldiers to boost retirement savings
LifeHealthPro — August 5, 2014

Active Duty
Financial Advisor Magazine — August 2014

Servicemembers Practice Financial Diligence
Insurance News Net — July 7, 2014

Middle-Class Servicemembers Increase Retirement, Short-Term Saving
ThinkAdvisor — July 3, 2014

Military Families Increase Savings
Financial Advisor Magazine — July 3, 2014

The Rough Financial Road for Military Personnel
The Fiscal Times — July 3, 2014

Military families' hidden risk: Finances
CNBC — July 3, 2014

Financial Anxiety Of Military Increases
Financial Advisor Magazine — June 25, 2014

Boomers redefine retirement
Montgomery Advertiser — June 8, 2014

Financial uncertainty expected to impact military families’ summer travel
San Antonio Business Journal — May 22, 2014

Military personnel worried about their jobs
Deseret Journal — May 21, 2014

Civilians Oppose Military Pension Cuts
Financial Advisor Magazine — May 19, 2014

Don't overlook Uncle Sam's workers
LifeHealthPro — May 12, 2014

Philanthropic Leaders Pledge $170 Million to Support Veterans and Military Families
MarketWatch — April 30, 2014

Military families worry about possible commissary closures
Government Executive — April 3, 2014

No longer needed? Troops survive combat, then lose their jobs
Stars & Stripes — March 5, 2014

Budget anxiety spurs saving, survey shows
Military Times — Feb. 28, 2014

Soldiers survive combat, then lose their jobs
USA Today — Feb. 25, 2014

America Saves encourages move to financial stability
The Daily Transcript (San Diego) — Feb. 18, 2014

Brig. Gen Halstead: Accountability, leadership needed to handle military challenges
Las Vegas Review-Journal — Jan. 19, 2014

Military cuts retiree COLAs
Bankrate.com — Jan. 17, 2014

Budget Cuts Worry Military Families
Financial Advisor Magazine — Jan. 15, 2014

Military Families Resolve to Save More in 2014
PlanSponsor.com — Jan. 8, 2014

For military families, Santa is still coming to town
Pensacola News Journal — Dec. 14, 2013

Consumer Watch: Debt-free holiday is a gift
Military Times — Dec. 12, 2013

Military Families Cut Gift Spending In Half, Survey Says
Financial Advisor Magazine — Dec. 10, 2013

Military families expect to spend less this Christmas
San Antonio Business Journal — Nov 19, 2013

'We take care of each other': Military families already prepping for another government shutdown
NBC.com — Nov. 18, 2013

Military families say they will curtail Thanksgiving
USA Today — Oct. 30, 2013

Annapolis financial planners urge calm as Congress approaches default
CapitalGazette.com — Oct. 16, 2013

Shutdown Survival
Financial Advisor Magazine — Oct. 14, 2013

Feds expect sequester to return in 2014
Federal Times — Oct. 13, 2013

A Financial ‘Wake Up Call’ for Federal Workers
Fedsmith.com — Oct. 3, 2013

Federal Workers Seek Help Tightening Belts
Wall Street Journal — Sept. 30, 2013

How to prepare for a federal government shutdown
CNBC — Sept. 23, 2013

Air Force personnel fear what coming cuts will bring
Las Vegas Review-Journal — Sept. 22, 2013

Military Community Feels the Effects of Furloughs, Too
Government Executive — Sept. 18, 2013

Military families pinched by furloughs, sequester
San Diego Union-Tribune — Sept. 16, 2013

Armed Forces Bowl extends agreement with presenting sponsor for 2013 contest
Fort Worth Star-Telegram — Aug. 19, 2013

Military families top public in coverage
LifeHealthPro.com — Aug. 14, 2013

Military Families Save More As Budget Cuts Loom
Financial Advisor Magazine — Aug. 13, 2013

Hawaii staycations can be a bright spot for federal workers affected by sequester
Pacific Business News - Aug 5, 2013

Survey: Military members feeling better about finances
San Diego Source — Aug 2, 2013

Military families optimistic about economy; for now
USA Today — July 1, 2013

Survey of Military Members Shows Retirement Anxiety
Credit Union Times — June 24, 2013

Civilian And Military Growing More Confident About Economy, Study Says
Financial Advisor Magazine — June 21, 2013

Military families with planning enjoy better health
Financial Advisor Magazine — June 6, 2013

Adviser Navigates Finances With Survivors of Fallen
Wall Street Journal — May 24, 2013

Facing Cuts, Defense Workers Seek Financial Advice
Wall Street Journal — May 7, 2013

Financial Advisor Reaches Female Clients With Two Messages
Financial Advisor Magazine — April 30, 2013

Servicemembers Tightening Family Budgets In Face Of Military Budget Cuts
Camp Pendleton Patch — April 24, 2013

Military families adjust budgets
Pensacola News Journal — April 20, 2013

Advisors See More Military Families Due To Sequestration
Financial Advisor Magazine — March 27, 2013

Sequester Strikes Military Families as Pentagon Makes Budget Cuts
AdvisorOne.com — March 26, 2013

Get ‘Squared Away’
The Northwest Airlifter, Lakewood, Wash — March 21, 2013

Hiring Our Heroes
NBC 4 in Washington, D.C. — February 26, 2013

• • •

FIRST COMMAND IS PROUD
TO PARTNER WITH:

Hiring Our Heroes Project Sanctuary Joining Forces First Command Educational Foundation Armed Forces Bowl Marine Corps Marathon FPA Alliance