Make the Most of the New Military Retirement Plan
by Kimberly Lankford, Contributing Editor, Kiplinger's Personal Finance
Feb 26, 2019
3 minutes
[Question]I'm in the Navy, and I chose to enroll in the military's new blended retirement system last year. How can I make the most of the new plan?
[Answer]To get the most out of the new retirement system, make sure you contribute enough to the federal to qualify for a matching contribution--something the old system doesn't offer--from the Department of Defense. You can also boost your retirement savings the longer you stay in the Navy.
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