Summary and Assessment Acquisition Policy Implications: National Defense Authorization Act for Fiscal Year 1993 and Department of Defense Appropriations Act for Fiscal Year 1993

1993 ◽  
Author(s):  
C. B. Cochrane
Keyword(s):  
Department Of Defense ◽  
Policy Implications ◽  
Fiscal Year ◽  
National Defense

Effective Financial Decision Aids for Retirement

2017 ◽  
Vol 49 (2) ◽  
pp. 102-118
Author(s):  
Susan L. Rose ◽  
John E. Morrison
Keyword(s):  
Financial Literacy ◽  
Decision Aid ◽  
Financial Training ◽  
Decision Aids ◽  
Armed Forces ◽  
Fiscal Year ◽  
National Defense ◽  
Review Of The Literature ◽  
Literacy Training ◽  
Financial Decision

The National Defense Authorization Act for Fiscal Year 2016 directs the Secretaries of the Armed Forces and the Chiefs of Staff of the Armed Forces to provide financial literacy training to Service members at certain critical points throughout their careers, including the transition to retirement. Based on a review of the literature, we find that general financial training is ineffective. More effective are decision aids that provide assistance at the time the decision is being made. This article provides a discussion of what such a decision aid would entail.

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