The Military Guide


Where do you live after you leave the military?


I try to plan these posts a week or so in advance, and I’ve been following “The Military Guide” table of contents. (Of course there are detailed discussions and analyses in the book which are too long & complex for this blog– you’ll only be able to read those if you get the book!) Occasionally I’ll change the plan for a special reason, and today the reason comes from two very large military-oriented businesses.

Thanks to REWahoo of for pointing out USAA’s and’s “2010 Best Places for Military Retirement“.

However the list seems to miss some of the nation’s top retirement areas for veterans (like Hawaii!). The oversight becomes clear when you dig into the details, and I’ve emphasized three areas in bold:

USAA worked with to develop this first-of-its-kind ranking that recognizes the best places in the nation for military men and women to reside after retiring from their first career with the armed forces and beginning their second career as a civilian. The rankings are a resource to help military retirees find locales offering a high quality of life while making the most of military retiree benefits.

USAA and … evaluated [areas] against Sperling’s BestPlaces general quality of life issues along with variables that correspond directly to military retirees.

The top five areas included:
* Military base proximity
* Military base amenities
* Veteran’s Affairs hospital proximity
* Military pension taxation
* Unemployment rate

Each of the identified variables was weighted based on importance to military retirees and each metro area was given a score based on its total points for each variable. The metro areas were ranked based on these scores. Metro areas where the median housing cost was 40% above the national median were excluded from the list.

In other words, and USAA assumed that every military retiree wants a bridge career. They chose areas based on the availability of veteran’s benefits, retiree-friendly taxes, and your employment opportunities. They considered 15 other factors, too, but these top five were deemed to be the most critical.

When you leave the military, do you want your job to be one of the most important factors in determining where you live? Or would you rather be able to rank the other factors first?

Don’t get me wrong– if you want a bridge career after leaving the military then that’s what you should do. However the assumption in this “best places” survey is that you have to get a job because you’re not financially independent. It’s assumed that you have to live close to your work because you need to commute there instead of telecommuting or working part time. Many wonderful areas of America (and the rest of the world) have been discarded from your consideration because of employment availability and housing costs.

If you’re leaving the military after just one obligation then you’re probably still on the road to financial independence. However you still have many other options available to you in the Reserves and National Guard, let alone civilian employment, and you may want to be closer to large military bases where you’ll be able to find more opportunities for drills and active duty. You Navy veterans in particular may have noticed that USAA’s “best places” list skips just about every major homeport, including Honolulu’s expensive real estate. Yet major commands and other military facilities in those areas are always seeking Reservists/NG, civil service, and contract employees. Better yet, there are places just outside the metropolis (even in Hawaii!) with competitive housing costs and many other lifestyle benefits.  Your personal criteria may be much different from’s rankings. Use the “best places” rankings to jump-start your thinking and planning, but take them with a grain of salt and do your own research. and USAA focus on bridge careers after military retirement because their research shows that’s what most of their customers are seeking. However you’ll have many more choices if you’ve been planning your financial independence, even if that plan involves part-time employment. It may seem easy to consult these “Best Places” lists, but make sure you analyze the reasons behind the rankings before you make your decision. If you’ve been pursuing financial independence for 5-10 years before your retirement then you’ll have far more choices than this list.

The next few posts will focus on achieving financial independence even without a military retirement. Chapter 6 of “The Military Guide” tells just two of the many stories of those who’ve left the service (well short of retirement) to pursue financial independence through bridge careers. It’s not a fantasy– once financial independence is your priority then it can be achieved in as little as five years. Most servicemembers and veterans (especially those with families) will take about 10 years, and a few will want more time. However if financial independence is your goal from your first military paycheck, then you’ll be well on your way when you leave the service.

You don’t have to get a job after the military just because USAA and think that’s what everyone needs. And you don’t have to choose your dream location just to get a job.

Related articles:
Retiring from the Reserves and National Guard
I’m going to retire. Now what? (part 2 of 2)
Six months before retirement…

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