This just figures. This government shows no respect for our soldiers and legal citizens. Why wouldn’t they degrade them to that fake retirement scam called the 401k? That was never designed to be a real retirement plan. But rather, a tax shelter for risking money to ‘add’ to retirement. What a crock.
One of the reasons our honorable soldiers ‘stay’ in the military once they join is so they can reach the magic number of years to retire and take care of their families.
This degrading of military benefits is very sad and troubling. Just like the horrendous treatment this Government and it’s colleges have been dishing out to those brave souls who risk their lives to protect us.
I think this is potentially a good idea, but the main roadblock is the generally awful financial knowledge of young Soldiers. If a new E-1 started paying into this from the day he joined, and carried on into 15 years and went on somewhere else, he’d be very well set. However, how many of them will see the wisdom in such a move?