The Military Financial Service Provider eNewsletter
October 2024
Get Quick Answers to Your BRS Questions
October is Financial Planning Month, a perfect opportunity to engage with service members about the Blended Retirement System (BRS) and its lump sum and continuation pay options. Brush up on your knowledge by skimming the frequently asked questions on the FINRED website.
MilFamilies With Dependents May Find Relief With a DCFSA
Let's say you're helping a military couple develop a spending plan and you notice they’re allocating funds to care for aging parents. Suggest they consider opening a Dependent Care Flexible Spending Account (DCFSA) during Open Season, from Nov. 11 to Dec. 9. Share these two short videos to help them understand the benefit and its tax advantages.
Access CFPB Resources for Retirement Planning
During Financial Planning Month, utilize resources from the Consumer Financial Protection Bureau (CFPB) to support service members in planning for retirement. Share CFPB's financial tips and help service members secure their financial futures.
Five Ways to Fight Identity Theft
Identity theft can be devastating, but you can empower MilFams with the necessary tools to protect themselves. This video from the Federal Trade Commission (FTC) outlines five ways service members can secure their personal information.
Did You Know?
The Department of Education (DoE) is considering a new schedule and process for the 2025-26 Free Application for Federal Student Aid (FAFSA). Stay tuned for more details.
The Office of Financial Readiness is here to support you in your mission of providing service members and their families exceptional financial knowledge and education. Here, you’ll find resources for developing your social media presence, keeping abreast of financial policies and laws, enhancing your coaching skills through training, and much more.
