Category: Military Retirement
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Military retirement spending: how much will I need?

Military retirement spending: how much will I need?

The short answer: your retirement savings portfolio needs to be about 25 times the size of your net annual retirement spending. If you want to spend $40,000/year in retirement and you don't have any pension or other income, then you're going to need a million bucks in the bank. If you have a military pension, ...

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Retirement budgeting

Retirement budgeting

  The bad news is that retirement will involve a budget. The good news is that this budget is yours to refine, change, or even occasionally ignore. It can be as simple as the back of an envelope or as time-consuming as a multi-page spreadsheet. The whole point of your budget is to become comfortable with your ...

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Financial myths of retirement (part 2 of 2)

Financial myths of retirement (part 2 of 2)

Part one (the previous post) discussed some of the most common financial myths of early retirement, including "why early retirement doesn't work".  Here's the conclusion: "Your savings need to be absolutely safe." A huge investing epiphany for most military early retirees is realizing that their personal savings ...

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Financial myths of retirement (part 1 of 2)

Financial myths of retirement (part 1 of 2)

Listen to the early-retirement trailblazers: by far the most common comment of the new posters on Early-Retirement.org and other Internet retirement discussion boards is "I wish I'd started saving and planning sooner!" That's not much consolation if you're reading this during your 19th year of military service, ...

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Myths Of Military Retirement And Early Retirement

Myths Of Military Retirement And Early Retirement

The military’s retirement system has a number of advantages for retirees, but if so few veterans seek early retirement then you may rightfully hesitate. What are you missing? One element is the approval of society. Test this yourself by telling a few shipmates, neighbors, or relatives that you’re considering early ...

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