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You are here: Home / Archives for Military and Veterans Benefits / Military Pay

Military Pay

2021 VA Disability Compensation Rates – Updated Veterans Compensation Benefits Rate Tables

Author: Ryan Guina Last Updated: December 4, 2020 54 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

VA Disability Compensation Rates

The 2021 VA Disability Compensation Rates are effective as of Dec. 1, 2020. If you receive VA disability pay, you will notice the increased amount in your first check, which you should receive in January 2021. There was a 1.3% increase from 2020, following a 1.6% increase from 2019. The government uses the same COLA rates for military retiree … [Read more...] about 2021 VA Disability Compensation Rates – Updated Veterans Compensation Benefits Rate Tables

2019 Military Pay Charts – Officer and Enlisted Members Receive a 2.6% Raise

Author: The Military Guide Last Updated: July 9, 2019 2 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

Military Pay Charts

Military members will receive a nice pay raise in 2019, a 2.6% increase above 2018 pay rates. The 2.6% pay raise was the largest since 2010. The pay tables on this page went into effect on January 1, 2019, and were reflected in the first mid-month paycheck, which was sent out on January 15, 2019. Military members are paid in arrears, usually on … [Read more...] about 2019 Military Pay Charts – Officer and Enlisted Members Receive a 2.6% Raise

How Much Is The COLA On My Military Pension?!?

Author: Doug Nordman Last Updated: September 16, 2020 3 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

[September 2020 update:  We have a new answer on this question!  Financially, you'll get the biggest pension boost from retiring on 1 March of your chosen year.  See the end of this post to download Douglas Fowler's research paper and review the math. You'll still have to pick the best date for your family, your bridge career, your travel plans, … [Read more...] about How Much Is The COLA On My Military Pension?!?

2018 Military Pay Charts – Officer and Enlisted Members Receive a 2.4% Raise

Author: The Military Guide Last Updated: July 9, 2019 Leave a Comment

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

2018 Military Pay Charts

Military members received a 2.4% pay raise in 2018, a nice increase across the board from the 2017 pay rates. The 2.4% pay raise was the largest since 2010. The pay tables on this page went into effect on January 1, 2018, and were reflected in the first mid-month paycheck, which was sent out on January 15, 2018. Military members are paid on the … [Read more...] about 2018 Military Pay Charts – Officer and Enlisted Members Receive a 2.4% Raise

USAA’s Military Retirement Comparison Tool And The Blended Retirement System

Author: Doug Nordman Last Updated: December 16, 2018 12 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

  Are you ready to make your choice about the military's Blended Retirement System? Are you a leader who has to advise younger officers and enlisted how to decide between High Three and the BRS? Are you a veteran like me who's asked the question several times a week by their family (and their readers)? USAA can help with … [Read more...] about USAA’s Military Retirement Comparison Tool And The Blended Retirement System

How Much Is Your Military Pay Really Worth?

Author: Doug Nordman Last Updated: June 11, 2019 9 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

This post is brought to you by Daniel Kopp, an Air Force officer and founder of MilitaryLifePlanning.com.   If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. [Nords note:  this post was updated on 4 March 2017 with a direct link to the DoD's PSMC website as well as a sample statement.  Scroll down … [Read more...] about How Much Is Your Military Pay Really Worth?

3 Steps to Retire Early on a Military Salary

Author: Doug Nordman Last Updated: June 27, 2018 16 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

This post is brought to you by Rich of RichOnMoney!  If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.   BLUF: In college I paid off $32k in student loans in a year. On a military salary I paid off a $280k mortgage in seven years. I've bought several rental properties with cash. I did this … [Read more...] about 3 Steps to Retire Early on a Military Salary

2017 Military Pay Chart – 1.6% Pay Raise

Author: The Military Guide Last Updated: July 9, 2019 Leave a Comment

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

2017 Military Pay Charts

Military members will receive a 1.6% Pay Raise in 2017. President Obama recently sent a letter to Congress echoing his support for the 1.6% military pay raise over the 2016 military pay. He states: This decision is consistent with my fiscal year 2017 Budget and it will not materially affect the Federal Government's ability to attract and retain … [Read more...] about 2017 Military Pay Chart – 1.6% Pay Raise

2016 Master Sergeant Promotion List

Author: The Military Guide Last Updated: June 27, 2018 1 Comment

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

The Army has released the "unofficial" names of the Sergeant First Classes selected on the Master Sergeant Promotion List. Here is the full list of Regular Army Soldiers who were considered and selected for promotion to Master Sergeant. The official list will be released on May 10th. The soldiers who were recommended for promotion are shown … [Read more...] about 2016 Master Sergeant Promotion List

The 2016 Military Pay Chart

Author: The Military Guide Last Updated: December 15, 2018 2 Comments

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. This site may be compensated through the advertiser Affiliate Program. For more information, please see our Advertising Policy.

1.3% Pay Raise Coming In 2016. The White House and Senate FY 2016 budget proposals provide a whopping 1.3% military pay raise above the 2015 military pay rates. While the House of Representatives has sweetened the pot and propose to increase military pay by 2.3%. Once Congress comes to an agreement and signed into law by the President, the 2016 … [Read more...] about The 2016 Military Pay Chart

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About The Military Guide

We’re military veterans, not financial advisors. We’re trying to share what we’ve learned and to pay it forward – but you have to make your own decisions.

What worked for us will probably work for you, but unfortunately, we can’t guarantee it. Let us know if something’s not working for you, and we’ll try to figure out a better way… Continue Reading…

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