Category: Military Money
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Frugal living is not deprivation

Frugal living is not deprivation

The military teaches everyone how to live an extraordinarily frugal lifestyle. No matter what reputation your service has, at some point you've lived in a very small room with a narrow bed and little storage. Maybe you did without a room or even a bathroom for quite a while, let alone a bed, and all your ...

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Start saving early

Start saving early

Military compensation and the lifestyle One of Early-Retirement.org's more prolific posters, SamClem, has a very insightful comment on the military's care and feeding of its members: "The military has a highly paternalistic compensation and social structure. The medical needs of you and your family are tended to. ...

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Retiring without a military pension

Retiring without a military pension

By now you've noticed a trend in the chapters from the "simplest" type of military early retirement (staying on active duty for at least 20 years) to the most difficult (separating as soon as your obligation ends). Financially, the best early retirement choice is staying on active duty until eligible to retire. ...

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Retirement finances:  what will I spend?

Retirement finances: what will I spend?

The last post talked about the first step in retirement planning-- tracking your expenses.  Until you track your expenses, you'll have no idea what you're spending now or what you'll spend in retirement.  Once you figure out what you'll be spending in retirement, then you'll be ready to determine how big an ...

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The biggest benefits of a military retirement

The biggest benefits of a military retirement

The last post mentioned the two biggest obstacles to a civilian retirement: affordable healthcare and decades of inflation. The military's pension system beats both of those obstacles. Unbelievable as it may seem, Tricare is among the nation’s premiere affordable healthcare systems. It covers far more for ...

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