The following is a press release announcing legislation that could be very helpful to military families. Financial planning is a stumbling block for a great number of service members and their families. If enacted, the new will would provide avenues for military families to become more financially secure.
Contact your Member of Congress to voice your support for The Financial Readiness of America’s Servicemembers Act of 2021 (202) 224-3121
Nov 10, 2021 Press Release
Washington, D.C. – Congresswoman Ann Wagner (R-MO), Chair of the House Suburban Caucus, and Congressman David Scott (D-GA) released the following statement after they introduced the Financial Readiness of America’s Servicemembers Act
“The Financial Readiness of America’s Servicemembers Act of 2021 is important legislation that will improve and enhance financial training and the accessibility of such training for military servicemembers and their spouses,” said Congresswoman Ann Wagner. “Military families sacrifice so much for us, and we must ensure they have every tool they need to provide for their financial security and that of their family. This bill is especially important this week as we recognize the sacrifices veterans have made for us on Veterans Day, and I will continue to work with my colleagues on both sides of the aisle to help our veterans however I am able.”
“Even without the unique challenges our military personnel face, navigating the nuances of retirement benefits and savings choices can be challenging,” said Congressman David Scott. “For servicemembers making extraordinary sacrifices on our behalf every day, added stressors including deadlines, knowledge gaps, or motivation to manage the planning and execution of retirement benefits alone can prove to be additional barriers to financial readiness. With this bipartisan bill, we can work together to deliver the improved financial literacy resources our servicemembers deserve to take full advantage of the best options offered under the Blended Retirement System and build financial security for their families.”