I'm getting a lot of sanctuary e-mail, and it's partly because some of today's Reserve and National Guard servicemembers are approaching 6574 points-- nearly 18 years of service. Here's three questions from readers wondering whether they can claim sanctuary. (Spoiler: No.) Question #1: I currently have 30 years of service (13 active and … [Read more...] about Sanctuary In The Reserves: Only On Active Duty
Archives for 2016
I've written many posts about military retirement, and the system is hugely complicated. (See the related links at the end of this post.) Instead of trying to cover all of that in a humongous 20,000-word post, I've written a big-picture pillar post plus a bunch of shorter posts about specific reader questions. Today's post covers Reserve and … [Read more...] about Reserve Retirement: Time In Rank And High-Three Pay
When Are You Financially Independent? Financial independence comes from two factors-- having (1) enough assets to support (2) your expenses. Most of us would prefer to focus on the first factor. We'd like to get our assets by earning a high salary (ideally for very little work), being a brilliant investor, or inheriting a windfall. (Or "Plan D": … [Read more...] about How Many Years Does It Take To Become Financially Independent?