U.S. Reps. Ann Wagner (R-MO) and David Scott (D-GA) recently introduced the Financial Readiness of America’s Servicemembers Act, which seeks to bolster financial training and accessibility to such for military service members and their spouses.
“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,” Wagner,
chair of the House Suburban Caucus, said. “This bill is especially important 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.”
Scott said aside from the unique challenges the nation’s military personnel face, navigating the nuances of retirement benefits and savings choices can be challenging.
“For service members 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,” he said. “With this bipartisan bill, we can work together to deliver the improved financial literacy resources our service members deserve to take full advantage of the best options offered under the Blended Retirement System and build financial security for their families.”