BRS retirees who elect a 25% or 50% lump sum see monthly pension pay cut by that same percentage until Social Security's full retirement age of 67.
Full military retired pay restores at 67, but Social Security is a separate decision. Benefits can start at 62 or be delayed until 70.
Retirees who spend the lump sum quickly face a smaller guaranteed monthly check for potentially two decades before full pension pay resumes.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Picture a service member who opted into the Military's Blended Retirement System (BRS), completes a full career and retires in his forties. His paperwork offers a choice that is hard to ignore: take part of the value of his future retired pay as cash now in exchange for a smaller monthly pension for years to come.
#monthly #Retirement #lump
Full military retired pay restores at 67, but Social Security is a separate decision. Benefits can start at 62 or be delayed until 70.
Retirees who spend the lump sum quickly face a smaller guaranteed monthly check for potentially two decades before full pension pay resumes.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Picture a service member who opted into the Military's Blended Retirement System (BRS), completes a full career and retires in his forties. His paperwork offers a choice that is hard to ignore: take part of the value of his future retired pay as cash now in exchange for a smaller monthly pension for years to come.
#monthly #Retirement #lump
23 days ago
