The following programs are positioned to give a vet some financial guidance:Blended Retirement System (for active duty and reservists): In January 2018, the traditional military pension system was converted to the Blended Retirement System.
The BRS combines elements of the legacy retirement system with benefits similar to those offered in many civilian 401(k) plans.
Fewer than 20% of service members who enlist actually choose to make the military their career and retire out.
Here are some pros:Provides a benefit to service members even if they choose not to spend 20 years in the military.
Thrift Savings Plan (for service members not on the BRS): The Thrift Savings Plan is the federal government's version of the civilian 401(k) plan.