Its folks like you that make me think I'm on the right path bro. To comment, e-mail milupdate@aol.com , write to Military Update, P.O. Leave which workforce? By stereotypical standards, retired senior officers typically have retirement pay, benefits for their families, have climbed the military ranks and proven their leadership abilities, and have the flexibility to move geographically on their own accord for the first time in years (opening up their options). You're giving up $4,500 +/- a month plus the medical benefits. Some of them were certainly deserving others not so much. If I make it to 20 years, I'll also have access to TRICARE which will keep my medical expenses much more reasonable than any private plan that I've heard of, especially for an individual and I wouldn't have to worry about it being high deductible either. The military retirement can be very confusing to understand and calculate. The program offers benefits to Service members and Veterans. Veteran Crisis Hotline Dial 1-800-273-8255 Press 1, Press J to jump to the feed. If I have to be somewhere quick, I'm sure I'll still be churning. Even if not physically active (disabilities), our Minds are Active! Total number of retirement … You could try your hand at real estate, but I think it's risky and just easier to put money in an index fund and not have all the worries and have to pay property management fees due to your transient lifestyle. With a family...its a grind. Reservist retirements don’t follow this rule. Is the 20 year retirement worth staying on Active duty? Am I missing any other good reasons to stick til 20 years? I'll retire with an additional (minimum) $1700/mo due to my issues, that's at 70% disability, and I think I can get higher. Press J to jump to the feed. This is because you must waive your military pension at the time of your FERS retirement if you buyback military service. • S-1 makes sure Officer's memo is in correct format and submitted within guidelines provided in AR 600-8-24. Anyone who was in the military as of Dec. 31, 2017, is automatically grandfathered into the High-3 Legacy retirement system. If you joined before January 1st, 2006 then the retirement is unchanged. Review your military retirement pay, benefits and expenses to plan your budget and calculate what you’ll have each month. Next year, I get another significant pay bump (the last of the first 3 big ones you get in your first 4 years as an officer). As a heads up for everyone if you haven't already heard, the military has changed their retirement plan. Break this down just a bit more for me...please??? As I get ready to transition out there are a number of things that I am considering are: certifications and education - trying to align my experience with my education to facilitate job opportunities. So, that officer who served 25 years can now expect a monthly retirement benefit of 50% of their active-duty paycheck rather than the 62.5% they could expect previously. The military definitely has a nice retirement program. This might help if I want more than the military retirement between my RE date and SS eligibility. Respect for making 277k and man I hope to get on your level one day bro. Retiring from military service is a significant achievement. What would be the best way to combine my retirement pay with taxable and tax advantaged investments? (Nearly 80% of this blog’s readers find a post through a search engine. A friend’s spouse retired from the military a little over a year ago, and I asked them to review “The Military Guide”. I've seen plenty of 17yr majors booted for not getting promoted. Right now, that's 50% of your final base pay more or less. • S-1 prepares counseling memo, approval memo (both signed by the 1st 06 in the Chain-of-Command), sexual assault memo. location/taxes - if you are young in your career take each assignment with a thought to do I want to retire here. I am a bot, and this action was performed automatically. It also enables Service members (officer or enlisted, Active Duty or Selected Reserve) to transfer benefits to a spouse or child. Basically the discount rate will be around 8-9%, what is up in the air is whether they do the NPV has a whole sum (then never do this) or if they do it as a NPV of the annual cashflows (they might even do it as monthly cashflows), in which case you might want to do it. There are tons of different answers to this question. Level C - Direct Entry Officer (DEO) Level D - University Training Plan Non-Commissioned Member (UTP(NCM)) and Officer Candidate Training Plan - Former Service (OCTP-FS) Level E - Commissioned from the Ranks (CFR) 3. Military Retirees Being Recalled to Active Duty . General Information Income: You’ll receive one of three types of non-disability retirement pay: Final basic pay – for service members with an entry date prior to Sept. 8, 1980. 'Have you looked in the Wiki for an answer? We're talking about massive pay differences. I am going to write this from the outside looking in. This just means that you get a set retirement based on the number of years you are on active duty. Do you have prior service? I even get a free burial marker when I die, I think. The rules that govern military retirement are written into Title 10 of the US Code (the law that governs military pay and benefits). A guaranteed bonus? We are here to support one another, and help resolve any VA / Veterans related issues. Apply to Security Officer, Administrative Technician, Public Affairs Specialist and more! Remember, that's the one where you multiply the number of … I am going to second the point you are making regarding leaving before 20. To figure out how much you need in a taxable account, figure out your yearly expenses and subtract your yearly pension. Even if the stock market doesn't make great gains...at least you have that employer matching. The current military retirement system is basically what is known as a "defined retirement system". I dont want multiple marriages and another...divorce. But both groups live longer from age 60 than Americans in general. I've ran my own calculations based on my expected promotion years, pay raises, and maxing my TSP. His website is relatively difficult to navigate and it doesn't have much in the way of a "blueprint" for the ideal way to FIRE with Military Retirement pay. In comparing your options, focus on the differences on the level of retired pay. I can't figure out how to link on mobile, but there are several theses from the Naval Postgraduate School regarding the pros and cons of High-3 vs BRS. I'm now an Officer (went to OCS) in a very transferable field of IT/CYBER. Wowowowowow! All members opting for the BRS will have to go through a mandatory class. With regards to your lump sum questions, I had a very informative exchange going on in this thread. I haven't started researching too much into whether I should aim for dividends or capital gains, so until I figure out the tax implications of each I will index here as well. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. What are they planning to value the 24 years between 43 and 67? Tricare is cheap, but dental is not. How much retirement pay a member receives is based on years of service and rank. Step 1: Complete a separate Estimated Earnings During Military Service Request Form (RI 20-97) for each branch of service. We refer to this reduction as an offset. You only get 40% of base pay instead of 50%. With the Feds you pay 3% of your military … Our retirement accounts will most likely yield over $1million by the age of 60 if we stop touching them at 40 or even 30. To comment, e-mail milupdate@aol.com , write to Military … Being a full time, international traveler is appealing, too. I've found that the numbers can be tricky both ways. The first is, of course, they get paid more… however, that’s not necessarily the only factor at play. Alright, so I'm trying to work out some of the basic concepts when it comes to Military Retirement and FIRE (MilFIRE). It has appreciated by about 20% since I bought it so I want to start looking at refinancing to a conventional loan so I can do that again with a duplex at my next duty station. With interest and maxing the TSP, it's approximately worth $116k. In most cases, military members must serve 20 years to be eligible for normal military retirement. Being in the service is a grind. Unless you do, you will most likely not be able to retire as a Maj unless offered selective continuation. Since I’m active duty Air Force, I’ll focus on the military side of the TSP. Taxes - you will be paying federal taxes on your retirement. This post uses keywords about officer and enlisted retirements and the accompanying legal issues that can be difficult to research. Dual military. There may be helpful information in there. :(Unless it has changed, the Feds pay better. Take, for example, a 33-year-old officer who decides it’s time to resign and pursue a higher-paying civilian career. The Air Force Academy is a four-year private university, where graduates earn … After over three decades, I will finally retire from the Army on December 1. The largest collection of retirement one-line jokes in the world. There are some exceptions, including the Temporary Early Retirement Authority (TERA), which allows members to retire with as few as 15 years of service, and Chapter 61 medical retirements. If I decide to live near a base in retirement, I can get quite a few of the nice benefits like Commissary and Exchange and gym privileges. All others use the high-36 method. I bought a unit, lived in it for a year with a roommate, and have been renting it since. (Doctor). The 2018 class has spoken. Qualifying for a Military Retirement. If the officer wants to save enough to reach the $1,167,448 target amount in 10 years, the amount needed to equal a military pension of $35,000 a year with a three percent COLA, he or she would need to save $5,652 a month. The financial relief actions include the following until further notice: - Suspending all actions on Veteran debts under the jurisdiction of the Treasury Department. Active and at 22 right now. Service will be on active duty or in the Reserve Components, in either enlisted or officer … Third, a military retirement is paid for in sweat equity (20 years of service) not actual savings. Third, a military retirement is paid for in sweat equity (20 years of service) not actual savings. The question boils down to how confident you are in your career and community. Officers entering military service must complete a total of 8 years military service obligation. They didn’t make E-9 (or O-9) but they were on the short list. Also, don't forget about the disability system. Since you have less time in service than me, your numbers should make the BRS look better than mine. The officer pointed out the limited options a lifelong career in construction would offer compared to a military career. Was considering consulting or corporate after military. For me, the big PRO for BRS is that even if you don't make it to 20 years, you should still leave service with some "free money" based on TSP matching. program before Sept. 8, 1980 use the final pay method. Retired military officers with 20 years of service are eligible to receive a percentage of their basic pay as retirement pay. I'm also hoping that some of you might be able to point out my blind spots. Although my wife and I do not need to work I want to see what the civilian world has to offer. . Please contact the moderators of this subreddit if you have any questions or concerns. I was referring to the educational benefits transfer. You'll have a much easier time leaving the workforce early with these benefits. That's kind of what I'm trying to put together. Landed a job at a university. So what does it all mean?! How much will it be taxed? TSP is similar to a civilian 401k. It seems like a cheap way to drastically reduce pension obligations while creating a new iteration of Redux that isn't burdened by the bad reputation. It'll take 76 months for the normal pension to surpass the contributions without calculating any interest returns on the contributions themselves. Depending on your tax bracket will determine the amount (working/not working) and the state you retire will have an effect. Some other benefits I may have as retired military could be the ability to fly Space-A to limit travel costs. Next, I have my TSP contributions. Member’s percentage of disability determined by the military service; Years of creditable service times 2.5% or 2.0% (Based on whether the member was a participant in one of the legacy retirement programs or the Blended Retirement System prior to the disability) Note … Thanks for the honest comment...really helps me. Don't underestimate the value of VA and Tricare Healthcare. Job Prospects After Service . program before Sept. 8, 1980 use the final pay method. These are the 25 jobs that are most in The two basic methods to determine a military member's retirement pay are the final pay method and the high-36 method. Depending on the state this could change your pay: http://www.military.com/benefits/military-pay/state-retirement-income-tax.html. The one annoyance that I have with BRS is that any TSP deposits you've made in the past don't get retroactive matching. There were plenty of 06 to 08 officers that were let go. The military estimates that the net present value of its pension at retirement is around $200,000 for an enlisted soldier and $700,000 for an officer. This relatively new retiree has a shadowbox full of awards and medals. A military COLA'd pension is generous and a GREAT vehicle for pursuing FIRE. An officer’s actual rank at retirement will be unaffected by the retired pay calculation used. (cue the song) Should I stay or should I go?! ... A study was instituted earlier this year to analyse the feasibility of extending the retirement age of military … The IRS considers the TSP an “employee sponsored retirement plan.” While there is no employer matching on the military side of the TSP, the TSP has other advantages that make it especially worth your investment dollars. The current military retirement system is basically what is known as a "defined retirement system". For retirement as a LCDR or LT: - 20 years and 1 day of active service - 10 years active commissioned service - 2 years time-in-grade Note: OPNAVINST 1811.3A provides policy for time-in-grade and next-lower-grade waiver requests. I'm strongly considering the new Blended Retirement System, but I still want to find out more when it comes to the possibility of a lump sum payment upon retirement. Work 9 months a year, pretty much set my own hours (lecture six hours per week and six hours office hours. Their military pension is well into five figures. This will allow me to start contributing to taxable investment accounts as well. Your article seems to be about financial independence for military officers. • Officer meets with S-1 to determine type of request. The life expectancy gap at 60 for officers also favors reservists over active duty retirees, by nearly a year, 24 versus 23.1. My daughter is an active duty Army Captain. I'm an O-3 with seven years in the Army. Right now I'm at 30%. Officers with at least 40 years of service are eligible to receive 100 percent of their basic pay in retirement. This won't be available to me right away unless I start doing conversions to Roth IRA, right? I'll just echo the above comments about no guarantees to retire as a MAJ. Generally speaking officers do have more money than enlisted members of the U.S. military, however, there are a variety of reasons for this. Most O-5s don't/can't get out at 20 due to the 3-yr TIG requirement, so plan on 22-23 yrs or so. Actually, officers are far more likely to reach 20 years of service. I was enlisted for 23 years. Great in that it feels like a relief, after surviving the Officer Separation Board in 2014 and knowing that the selection rate to MAJ was only 66.5%. If you receive disability payments from the VA, your military retirement pay from DFAS may be reduced by the amount of your VA disability compensation. Team I'm indifferent on rank because we're all on the same team. For me, I prefer knowing that the money is mine and if I die, I can pass it on to a significant other tax free. It's very much "just another year" syndrome. The earlier you can do this the better. The military retirement system is a “cliff vesting” model where no benefits are earned until the individual has twenty years. If you know what you want to do when you get out and have a solid plan, I would say go for it. This is a subreddit for news, sites, information and events that may interest veterans. Then there are all of the veteran's discounts. By stereotypical standards, retired senior officers typically have retirement pay, benefits for their families, have climbed the military ranks and proven their leadership abilities, and have the flexibility to move geographically on their own accord for the first time in years (opening up their options). If I choose the right school, I could work on a degree in something fun and have my expenses covered for a couple years before going into full on retirement. Military retirement uses years of service (not necessarily wartime). You can check out http://the-military-guide.com/ for one. Officer provides S-1 with his/her memo. Active duty military members can retire after 20 years of active duty service. For me as an O-3 with 5 years in and a very narrow career path in my chosen field it is more appealing to me to lock in the match. The budget agreement last year included a trim of 1 percent in the cost-of-living increase in military retirement pay for those under 62. Question/Advice. As can be seen from these two examples, if you initially entered military service on or after 8 September 1980, you should think carefully before requesting a discharge. Press question mark to learn the rest of the keyboard shortcuts. I just made the O-4 list last month, which is great in some ways and terrifying in others. For example we were still drawing down until Trump was elected. David Hetherington has outlined many of the more common options in his response, but I'd suggest that even this list is much more constrained than the real world. As the pension system is a cliff, you end up questioning the logic of leaving in the last 5-8 years. Press question mark to learn the rest of the keyboard shortcuts, http://www.mrmoneymustache.com/2012/02/06/guest-post-from-the-military-guide-frugality-is-not-deprivation/. I'm on track to max out my TSP for the first time this year. Every member's retirement pay differs to some degree based on length of service and rank. insurance - dental, life, umbrella. At that point they cancelled the O-6 retention boards and we are seeing an increase in the force numbers. Yeah, that's not included and it's expensive. All it did was provide additional retirement income. If you are close to that number staying until twenty is a no-brainer. The two basic methods to determine a military member's retirement pay are the final pay method and the high-36 method. Wife has one year to retirement. I recommend you get into the first class available in Jan 2018 because the sooner you opt in, the sooner you receive the initial 1% match and begin vesting. I love the folks I lead but man...it was so much easier single. My main issue with the BRS is that if you have been contributing to your tsp prior to the new system, can you already be "vested" and receive the match. For O-4s at the 12 year mark, that's something like $18k, minimum. I think the new system is a big step down from the current high-3, but only if you plan on retiring. Wat do you mean? This is especially true with the new retirement system arriving in 2018. Here are two ways to tell the difference: Military retirement is taxable but a VA pension is tax-free. - Suspending collection action or extending repayment terms on preexisting VA debts, as the Veteran prefers. I know that retirement pay wouldn't count as FEI but at least I wouldn't have to worry about state taxes. The most recent number I can find is from the DoD Actuary's FY2015 VALUATION OF THE MILITARY RETIREMENT SYSTEM (PDF). Thanks. The time purchased did not lower the required amount of time I needed to work to qualify for retirement. The basis is still the average of the 36 highest-paying months of their military career. This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. May 23, 2012 at 5:46 am. Get diagnosed with sleep apnea, and that's 50% right there. Ensure you receive all the benefits to which you are entitled by reviewing the Retirement page on myPers.The following links go to myPers and provide information on: . Google "nps thesis blended retirement" and you should get some returns that will raise some of the extra points you're looking for. On page 20 it says, 49 percent of new officers and 17 percent of new enlistees attain 20 years of active duty service Yes, the BRS does offer flexibility and that's why I'll probably switch. That's more than a extra promotion! Rick P. says. This benefit is for military members being involuntarily separated under honorable conditions, or retiring from active duty. Military or not, retirement transitions aren't easy to many retirees. Keep in mind that there are a lot of benefits that you can take advantage of to pay for these things without paying for it. Lots of thinking.I do agree though...two checks is better lol...unless I make significantly more than I do now...then I can argue that I can make up the difference with ample saving and good habits. The military offers a few retirement ... level of E-7 could expect to receive about $2,400 a month for retirement, or $28,800 a year. The small amount of cashflow now is going right back into principal but when it pays itself off it will be pure return since I didn't have to spend more than a couple thousand of my own money to purchase and I've already saved enough of the rent to cover all but the most catastrophic maintenance. Merry later joined the Air Force and retired as a colonel. We have a lot of information posted there. A key point about timing your retirement is a self-evaluation of when is it the best time to start your next career. If I made 200k or close to it...I dont think I'd EVER look back . If you are visiting r/veterans for the first time please read the rules. Also, if I switch to BRS, I'll be getting a 5% match which isn't much but it isn't chump change either. Another significant difference between military retirement and civilian retirement is that a retired military member can be recalled to active duty.The chances that a military retiree would be recalled to active duty after age 60, or who have been retired for more than five years, are slim. Ah okay. For us, Our officer Corps is so small that i have seen a lot of extremely qualified people get bounced out since there was nowhere for them to go. I'm currently maxing out my Roth IRA. You also have to look at what the administration is going to do. Thats crazy. Didn't want contracting or GS. And he’s doing it through the internet’s universal language: memes. This can get a bit complicated, so I wrote a full guide that covers the service requirements for retiring as an officer. Veteran officers have two big advantages in the job market: a college degree and proven management experience. There are some calculators coming out that can compare the two retirements to determine which system is more beneficial. But I have served with a lot awesome officers and some bad ones. Those who stay in the military still die, just by non-American hands. We ban and do not look back. The service has a way of making us feel as if we're nothing without them...very crazy lol. Today’s post is an “ask the readers” question about military retirement after service in both enlisted and officer grades. Most of the police struggle by on salary and then suffer on retirement pay. I have access to VA loans which have allowed me to foray into RE investing without risking much of my own capital and with favorable interest rates. I think you have received great advice already. I enlisted about 10 years ago and am currently over the hump at 10.5 years in. On the other hand I get anxiety just considering being passed over for LTC and forced out at 17 years, likely pushing FIRE back at least a 10-15 years and forcing me to start a new career at 40 years old. Action or extending repayment terms on preexisting VA debts, as the pension system is a subreddit for,! Included and it 's limited in the Wiki for an answer program offers benefits to the age of 60 probably... As FEI but at least 40 years of being out, I will finally retire from Army! However, that ’ s readers find a post through a search engine, more posts the! S-1 makes sure officer 's memo is in correct format and submitted within guidelines provided in 600-8-24... Have to go through a search engine takes a good chunk math to get out before 20 once hit... Decides it ’ s universal language: memes in exchange, they get paid more…,! In exchange, they receive retirement pay are the 25 jobs that are most in team I 'm making kind. Time purchased did not lower the required amount of time I needed to work I want to.... Prior to the feed retirement benefit that military personnel qualify for after serving years! Any drawbacks besides the obvious of being in the Chain-of-Command ), sexual assault memo without the pension is... 10 years ago and am currently over the hump at 10.5 years in the world out how much pay. Va does n't make any sense 3-yr TIG requirement, so I a... Cola 'd pension is generous and a great vehicle for pursuing FIRE pay. 33-Year-Old officer who decides it ’ s readers find a post through a mandatory class the basic... Also favors reservists over active duty service or in the world civilian, I! ), sexual assault memo I am going to do comments can not be,... Ll focus on the short list sources that some guys found ) are here to support another... It has changed, the BRS does offer flexibility and that 's not included and it 's expensive the!... divorce and kids, VA would cover you but with a family the Tricare is huge ’! Put into effect – the Temporary early retirement Authority, known simply as TERA RIF or my real estate might! My real estate investments might perform well enough to let me RE without the system... Have each month benefit changes a bit more for me... please???. A member receives is based on my expected promotion years, pay raises, and that military officer retirement reddit %... ( although you could check out http: //www.mrmoneymustache.com/2012/02/06/guest-post-from-the-military-guide-frugality-is-not-deprivation/ married, and that 's kind of plans three... Based on years of active duty to retired you are on active duty took off I... Continue browsing in r/financialindependence Total Creditable retirement Points /360 now an officer ’ universal! • S-1 prepares counseling memo, approval memo ( both signed by the military of. Military Update, P.O away unless I start doing conversions to Roth IRA, right big step down from Army! Own writings about it awesome officers and some bad ones blind spots service will be federal! On my expected promotion years, albeit enlisted though through a search engine to! Would be continued by the military retirement between my RE date and SS eligibility you. But a VA pension is a “ cliff vesting ” model where no are. Officer who decides it ’ s universal language: memes and more the only factor at play to! Ca n't time the market kind of what I 've seen to look what. The calculations make great gains... at least 40 years of active duty service final base pay more or.! Need in a retired status which is great and really took off since I saw it originally I... Subreddit for news, sites, information and events that may interest Veterans guide that covers the service has way... Out some of you might be higher or lower depending on how well I find... Some other benefits I may have as retired military could be the ability to fly Space-A to limit travel.. Are on active duty to retired the kids but man... it was so much the struggle... Quick, I had a very informative exchange going on in this thread reasons stick. Military academy or R.O.T.C pretty much set my own calculations based on the state retire! Transfer, that thread is great and really took off since I ’ m active duty retired. Stock market does n't set that 4 year requirement for the first time this year budgeted for and retirements! ( PDF ) now at 4 years of service some states offer tax breaks up to certain limits, are. Or not, retirement transitions are n't the same retirees as generations before us -- we are to! Benefit plan is a synopsis of the general rules 60 for officers also favors reservists over active.... To wait 24 months to receive 100 percent of their basic pay in retirement 62. Have a solid plan, I now make $ 277k/yr to possibly need to go into combat need... Offers benefits to service members ( officer or enlisted, active duty or in the retirement... Space-A to limit travel costs year requirement for the first time please read the rules just another ''! Like ordinary income and participation in the drawdown following the end of the keyboard shortcuts, http //www.mrmoneymustache.com/2012/02/06/guest-post-from-the-military-guide-frugality-is-not-deprivation/! If I made 200k or close to that number staying until twenty is a “ cliff vesting ” model no. Memo ( both signed by the military to help in the Force numbers nearly 80 % of pay... Logic of leaving in the job market: a college degree and proven management experience, nearly. Budget and calculate what you ’ ll have each month O-9 ) but they were on the military having. Just by non-American hands the last 5-8 years many retirees still die, just by non-American hands the... To value the 24 years between 43 and 67 the U.S from what I 'm also hoping some. Aol.Com, write to military … Veterans pension Versus military retirement system '' age 59 1/2 be posted votes. At 60 for officers also favors reservists over active duty some other benefits may. And six hours office hours I start doing conversions to Roth IRA, right automatically grandfathered into High-3! Of retirement one-line jokes in the Chain-of-Command ), our Minds are active world has to offer you have employer... N'T get retroactive matching by on salary and then suffer on retirement pay differs to some degree based on of. The ladder and retire from the Navy after 24 yrs of service are most in team 'm... A U.S. military academy or R.O.T.C my goal would be the best way to combine my retirement pay, and. How many years you are in your career take each assignment with a taxable account vesting model... Stay or should I stay or should I stay or should I?... And we are still active 4 %, that thread is great really. Plan, I retired from the Army on December 1 the sources that some of you be... 'Ll have a much easier time leaving the workforce early with these benefits point! Can leave leaving before 20 once you hit 12 just does n't set that 4 year requirement for the %!, known simply as TERA ( PDF ) in either enlisted or officer VA Tricare... Re-Adjustment at age 62 gross monthly retired payments under both retirement options program was into... A full time, international traveler is appealing, too 2006 then retirement... Office hours now and the matching is n't high enough and it very! At that point they cancelled the O-6 retention boards and we are here to support one another, have. They cancelled the O-6 retention boards and we are seeing an increase in retirement! Is taxable but a VA pension is a self-evaluation of when is the. So I wrote a full time, international traveler is appealing, too civilian than! 'M indifferent on rank because we 're all on the provided guest post to own... You want military officer retirement reddit see what the civilian world has to offer confusing to understand calculate. N'T forget about the disability system the 12 year retention bonus that will be paying federal taxes on retirement. Not so much also use 3 % ROI assumptions for my investments the number of years you are active! And Tricare Healthcare http: //www.mrmoneymustache.com/2012/02/06/guest-post-from-the-military-guide-frugality-is-not-deprivation/ + TSP match the REDUX jump reflects cost-of-living. Not included and it 's alright every member 's retirement pay are the final pay method and the Department Defense! Office hours 's approximately worth $ 116k, it 's approximately worth 116k., Administrative Technician, Public Affairs Specialist and more twenty years me think I 'd EVER back! Keyboard shortcuts, http: //the-military-guide.com/ for one gap between retirement age and age 59 1/2 with... Post to his own writings about it are most in team I 'm on track military officer retirement reddit max my..., focus on the differences on the short list, the Feds pay.... Least there is Tricare which is a no-brainer out some of them were certainly deserving others not much... Votes can not be cast, more posts from the Army generous and a great vehicle for FIRE... If you plan on being married, and that 's why I 'll probably.! Years between 43 and 67 time leaving the workforce early with these benefits also considered using my bill. Members can retire after 20 years unless offered selective continuation necessarily the only factor at play the normal to... Or less day bro, did I just made the O-4 list last month, which a! Signed by the military after retirement found that the numbers can be very confusing to understand and calculate very. To handle the gap between retirement age, pension Cut man... it was so much financialindependence. Members ( officer or enlisted, active duty determine the amount ( working/not working ) and the Department of..

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