Tag: military retirement
Retirement finances:  what will I spend?

Retirement finances: what will I spend?

The last post talked about the first step in retirement planning-- tracking your expenses.  Until you track your expenses, you'll have no idea what you're spending now or what you'll spend in retirement.  Once you figure out what you'll be spending in retirement, then you'll be ready to determine how big an ...

READ MORE +
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 ...

READ MORE +
Writing and publishing

Writing and publishing

  I seem to spend a lot of time on the finances & lifestyle issues of military retirement and early retirement. Let me shift gears for a bit and talk about the book's creation. Over our years of service we veterans accumulate wisdom, experience, and martial culture that is politely referred to in the Navy ...

READ MORE +
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 ...

READ MORE +
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, ...

READ MORE +
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 ...

READ MORE +