A reader writes: How do you see the utility of annuities for folks of age 55+ who are financially independent? Especially if you're genetically and physically healthy, that seems a winner if we're talking about spending a few hundred thousand dollars to generate a baseline firewall of income. Especially I guess for folks less comfortable with " … [Read more...] about “Do I Need An Annuity?”
Archives for July 2014
[January 2015 update: this inequity has been resolved. The Army O-3s affected by the 2014 Officer Separation Board will remain eligible for officer pensions instead of reverting to an enlisted pension. This happened because people spoke up and drew attention to the problem. If you have a similar issue, let us know how we can help.] A reader … [Read more...] about Ask The Readers: What Law Allows An Officer To Be Retired On Enlisted Pay?
A reader writes: "Hey there, I’m reading your book and got a little frustrated, so I thought I’d send you an email. I’m on page 35 (and haven’t read further). Just so you know, I’m on track to financial independence and I've read all the typical blogs, MrMoneyMustache.com, Bogleheads Forum, etc… Well, you quote the Trinity Study, 25x net blah blah … [Read more...] about Funding The Gap: “I Need Money From My TSP!”
. A reader asks: "What is your recommendation between early retirement from active duty or a Reserve retirement? I qualify for the Temporary Early Retirement Authority if I get passed over for promotion to major. I have about a total of 16 years of active duty (10 Army commissioned, six enlisted) and about 14 enlisted Reserve years from the … [Read more...] about TERA Early Military Retirement Or A Reserve Retirement?
[Welcome new readers! If you're coming here from the USAA Magazine article or the Yahoo Finance video, you may want to learn more about "The Military Guide" and your financial independence at the "Start Here!" page. That link opens a new tab in your browser, so you can keep reading this post without losing your place.] All right, all right, … [Read more...] about Blogging Lessons Learned From Interviews (Plus A Great Benefit)