Required financial readiness training for Reserve coming in November

  • Published
  • By Bo Joyner
  • Air Force Reserve Command Public Affairs

Beginning Nov. 15, financial readiness training will be required for all Reserve Airmen at defined key points throughout their military career.

“In an effort to improve or sustain the financial readiness and literacy of all Airmen, the Air Force has directed that all military members will receive financial readiness training at key points throughout their career,” said Brande Newsome, headquarters Air Force Reserve integrated resilience branch command chief.

“We’ve learned over the years there are events in a person’s military and personal life that can possibly have a negative impact on that person’s financial readiness,” she continued. “We’re hoping that short training events at these key points will help our people avoid the financial pitfalls that might be out there.”

The Air Force defines financial readiness as “the state in which successful management of personal financial responsibilities supports an Airman’s ability to perform his or wartime responsibilities.” Financial literacy is defined as “possessing skills and knowledge that allow Airmen to make informed and effective personal financial decisions.”

Key points that will trigger required financial readiness training are:
• Initial entry training
• Arrival at first duty station
• Arrival at subsequent duty station (E-4 or O-3 and below)
• Promotion (E-5 or O-4 and below)
• Vests in Thrift Savings Plan
• Continuation pay
• Transition to Reserve component, separation or retirement
• Leadership training
• Pre-deployment
• Post-deployment
• Birth of child
• Marriage
• Divorce
• Disabling sickness or condition

Newsome said training for some of these life events are already in place and will not change. Financial training for pre-deployment is available online in the Air Force Distance Learning System or in person from the Airman and Family Readiness Center.

For the remaining events, Reserve Airmen will be notified that training is required via MyVector and will be able to complete the online training in MyVector or receive in-person training from their local Airman and Family Readiness Center.

For more information, contact your local Airman and Family Readiness Center.