Last month I had a 2400-word e-mail conversation about financial independence. A reader asked: "I'm on active duty and struggling with the idea of getting out at 27 years to start a bridge career. If I wait three more years to get my full 30, the longevity pay raise and my extra years of service mean that my pension would be 15% higher. If l get … [Read more...] about Stay For 30 Or Retire At 27?
Archives for April 2015
[December 2015 update: Congress fixed this issue as part of the 2015 National Defense Authorization Act.] [March 2016 update (yeah, 15 months later!): DFAS has just opened SBP registration to these retirees.] Military Times is reporting the story that the Defense Finance and Accounting System didn't want to announce. DFAS has made military … [Read more...] about Survivor Benefit Plan Wants Permission To Do The Right Thing
A reader writes: "My spouse and I are in our late 60s and we've wanted to buy an investment property near our home for a long time. Our current home is almost paid for and we have no consumer debt. "I'm looking to make a move on the condo purchase with IRA funds, but have not done it yet. Looks like if I rent it fully for 12 months I would … [Read more...] about “Should I Invest In Real Estate? Or Buy Stocks?”
A reader writes: Thanks for your article, it is very informative! I enlisted in the active duty USMC in 1977, completing 3 years of honorable service in 1980. In 1985, I entered active duty USAF as an officer and served 7.5 years - again I was honorably discharged in 1992. In 2001, I joined the USAF Reserves, again as an officer. Later I was … [Read more...] about Military Retirement With Reserve Enlisted And Officer Service
Way back in 2013, we posted an article with timeless relevance for military service members looking to establish new careers at home. The article was titled Keys To Saving When You Start Your Career, and it contained a number of vital tips that can help you toward financial independence. One of these tips was to take advantage of a savings account … [Read more...] about Tips For Investors Just Starting Out