Tax Advantage Retirement Savings for the Military

<p>The erosion of the military retirement system is a contributing cause to readiness problems in the Air Force. It is time to change the retirement system to one which provides more to the military member than the current plan implemented under the Military Retirement Act of 1986 (commonly referred to as REDUX). The introduction previews the problem its background and its significance. In chapter 2 the history of the military retirement system is analyzed to provide the reader with the necessary background of why the retirement system is structured in its current format and what legislative action led to the current plan. In the next chapter the affects of the retirement plan on military readiness is analyzed specifically its impact on retention recruitment and morale. Chapter 4 covers the possible changes to the retirement plan now under review by various agencies. In chapter 5 the author outlines his proposal to improve the retirement system. The basic REDUX plan remains however he proposes an immediate basic pay raise and a vehicle for tax advantaged savings. Next he suggests a new investment strategy for the military retirement account. This change will help defray the cost of the immediate increase in basic compensation. Finally chapter 6 concludes the project with a summary of the paper and urges the changes proposed in chapter 5.</p><p>This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact and remains as true to the original work as possible. Therefore you will see the original copyright references library stamps (as most of these works have been housed in our most important libraries around the world) and other notations in the work.</p><p>This work is in the public domain in the United States of America and possibly other nations. Within the United States you may freely copy and distribute this work as no entity (individual or corporate) has a copyright on the body of the work.</p><p>As a reproduction of a historical artifact this work may contain missing or blurred pages poor pictures errant marks etc. Scholars believe and we concur that this work is important enough to be preserved reproduced and made generally available to the public. We appreciate your support of the preservation process and thank you for being an important part of keeping this knowledge alive and relevant.</p>