Well. Apparently the thought of retiring – truly retiring, not just moving to a new job – after 20 years in the military struck a chord with the interwebs. That post has been shared a lot over the last week. But as I said, I couldn’t possibly do a post about retiring on a … [Read more...] about Retiring On An Enlisted Military Pension
Military Retirement
Is It Possible To Retire On Just A Military Pension?
If you haven’t picked up on this by now, I don’t intend to work for pay after I’m done in the military. If I end up getting out before I qualify for a military pension, I’ll move on to a Plan B or C or D. But right now my Plan A is to retire on a military pension. Exactly … [Read more...] about Is It Possible To Retire On Just A Military Pension?
The Thrift Savings Plan
Thrift Savings Plan Basics The Thrift Savings Plan, or TSP, is a retirement savings plan for current and retired employees of the federal government. It is the federal government equivalent of a 401(k) plan, and follows basically all of the same rules. Like a 401(k), the TSP … [Read more...] about The Thrift Savings Plan
The Blended Retirement System – Part 4: FAQs, Myths, and My Opinions
We’ve reached Part 4 in my series on the new Blended Retirement System (BRS). Part 1 covered the basics of the BRS – what it is, the implementation timeline, and where to go for more information. Part 2 covered who is eligible for the BRS and the details for the Active and … [Read more...] about The Blended Retirement System – Part 4: FAQs, Myths, and My Opinions
The Blended Retirement System – Part 3: Comparing Systems
ON MONDAYS, I DISCUSS FINANCIAL CONSIDERATIONS THAT SPECIFICALLY RELATE TO US SERVICE MEMBERS. IF YOU HAVE ANY QUESTIONS OR TOPICS YOU’D LIKE TO SEE DISCUSSED, PLEASE LEAVE A NOTE IN THE COMMENTS OR EMAIL ME AT MILITARYDOLLAR@MILITARYDOLLAR.COM. Welcome to part 3 in my series on … [Read more...] about The Blended Retirement System – Part 3: Comparing Systems