Military Retirement
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Stay For 30 Or Retire At 27?
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Stay For 30 Or Retire At 27?

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 ...

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TSP Tax-exempt Rollovers and Withdrawals
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TSP Tax-exempt Rollovers and Withdrawals

A reader writes: "Hey Nords! First, I just want to say thank you for your service and all the great things you do for the military community. I served a couple enlistments and I went on two deployments. While overseas I was able to save about $4000 tax exempt in my Thrift Savings Plan. I am no longer in ...

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Lifestyles In Retirement:  90 Days In Spain
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Lifestyles In Retirement: 90 Days In Spain

We've been enjoying life in Andalusia for the last six weeks. My spouse and I have been financially independent for nearly 15 years and now we're in our early 50s. When I retired from the military in 2002, our daughter was nine years old and we spent much of the next decade on parenting. We enjoyed the usual family ...

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My Financial Independence:  2014 Review and 2015 Plans
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My Financial Independence: 2014 Review and 2015 Plans

[Nords note: As you'll learn from the details of this post, the author is an O-5 who's trying to stay anonymous. He's also written two other posts about his journey to financial independence. Your first thought may be "Sure, anyone could save for retirement with his paycheck!" But when you read his earlier posts, ...

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Army Officers Will Keep Their Officer Pensions
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Army Officers Will Keep Their Officer Pensions

A group of Army O-3s will finally be paid the pensions they've earned. However, their story is also a cautionary example of why you should be saving and investing for financial independence. Last month the Army announced that this blog helped a few officers keep their pensions. Well, sure, the press release ...

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One More Year Syndrome
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One More Year Syndrome

Many of my posts on financial independence come from reader questions. I answer roughly five e-mails or Facebook queries for every post that you see here. I'm not just recycling my keyboard wisdom into the blog, although that efficiency appeals to my frugal nature! I'm also showing you that many servicemembers, ...

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Eight Reasons Not To Worry About Military Retirement
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Eight Reasons Not To Worry About Military Retirement

A new military retiree asked a very good question on a financial independence forum: I am going through a big life transition where I'm taking about a 60% cut in pay. Fortunately, it is a military pension and my monthly budget is lower than what I will get paid. I feel that I’m set for my transition and I can take my ...

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TERA Early Military Retirement Or A Reserve Retirement?
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TERA Early Military Retirement Or A Reserve Retirement?

. 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 ...

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No More Military Retirement or Tricare Prime?!?
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No More Military Retirement or Tricare Prime?!?

It's that time of year again: Congress is debating the annual federal budget proposals. My e-mail and social media have exploded with outraged commentary on the proposals to overhaul the military retirement system and to get rid of Tricare Prime. How does that affect your retirement? How does that affect your ...

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