Did you know that picking March as your retirement month will result in you getting more money in your pension per year? This is because of the way COLA is calculated and divided up into FY quarters. March has been historically shown as the best month in the best quarter to take advantage of COLA adjustments. Click on the link below to learn more. #veterans #military #retirement #militarytransition https://lnkd.in/gfcWjfYH
Darren Schaff’s Post
More Relevant Posts
-
Military households are more likely to have higher assets and to have done many retirement prep tasks than non-military households. Furthermore, military-household retirees are generally positive about their lifestyle in retirement. See more in the 2024 Retirement Confidence Survey Military Oversample release: https://smpl.is/9f5jc #GreenwaldResearch #EBRI #research #retirmentconfidence #rcs #military
34th Annual Retirement Confidence Survey Finds U.S. Military Households Are More Likely in a Better Financial Situation Than Non-Military Households - Greenwald Research
https://greenwaldresearch.com
To view or add a comment, sign in
-
📢 Military retirement reform needed! #AUME, a member association of EUROMIL, is calling for reforms in military #retirement benefits in #Spain. Current reduction coefficients don't fairly account for the demanding conditions faced by military personnel. AUME is advocating for a system that accurately reflects the hardships of military life, ensuring fair and equitable retirement benefits for all service members. #WorkersInUniform #EqualRights https://lnkd.in/ePvzz4iD
Addressing inequity in military retirement benefits: AUME's call for reform - EUROMIL
https://euromil.org
To view or add a comment, sign in
-
How does a military pension interact with a Federal Civilian pension? What are the rules for "buying back" service time? And who is authorized to do so? It turns out that for many people Civilian service can be a huge benefit on top of their military pension. #militaryretirement #federalemployees #retirementplanning
Military Retirement: Effect of the Federal Employee Retirement System Pension (FERS)
https://www.youtube.com/
To view or add a comment, sign in
-
The Moment I Realized It: My Journey to Medically Retirement Join me as I share the emotional journey of my medically retirement from the military. From the sudden realization to the overwhelming process of out processing, this video gives an honest account of my experience. #MedicallyRetired #MilitaryLife #JourneyToRetirement #EmotionalJourney #OutProcessing #LifeAfterService #RetirementProcess #MilitaryTransition #ChallengesOfRetirement #OvercomingObstacles
To view or add a comment, sign in
-
The Moment I Realized It: My Journey to Medically Retirement Join me as I share the emotional journey of my medically retirement from the military. From the sudden realization to the overwhelming process of out processing, this video gives an honest account of my experience. #MedicallyRetired #MilitaryLife #JourneyToRetirement #EmotionalJourney #OutProcessing #LifeAfterService #RetirementProcess #MilitaryTransition #ChallengesOfRetirement #OvercomingObstacles
To view or add a comment, sign in
-
The Moment I Realized It: My Journey to Medically Retirement Join me as I share the emotional journey of my medically retirement from the military. From the sudden realization to the overwhelming process of out processing, this video gives an honest account of my experience. #MedicallyRetired #MilitaryLife #JourneyToRetirement #EmotionalJourney #OutProcessing #LifeAfterService #RetirementProcess #MilitaryTransition #ChallengesOfRetirement #OvercomingObstacles
To view or add a comment, sign in
-
Build financial confidence as you retire from the military and transition to civilian life! Here are several ways Veterans can manage their finances and be more secure in retirement! https://bit.ly/3XsYMkN #VSW2024
5 Ways Veterans Can Continue to Save in Retirement | America Saves
veteransaves.org
To view or add a comment, sign in
-
When military retirement comes, we often hear that it’s the military spouses' turn to dive into their careers and that the sky’s the limit. However, transitioning into a career isn’t that simple. Some spouses have never had a career, or they left their careers decades ago, making it difficult to know where to begin. Many find themselves struggling to figure out what they want to do or how to re-enter the workforce. Additionally, earning potential might not be the same, and starting over can be daunting. As a military spouse of twenty-one years whose husband retired 18 months ago, I still struggle to find a stable career. Despite having had work opportunities over the years, maintaining a career while constantly moving, raising a family, and supporting my husband’s military career was incredibly challenging. I had paying jobs but I spent more time volunteering when I couldn't get a job than actually getting paid to work. My career path has never been straightforward, and retirement has added another curve, making it even more challenging to navigate and find stability in my professional life. Nikki Harrison: I support a movement to support military spouses’ careers after military retirement and make that transition easier. Jennifer Barnhill, MPA, great article. #militaryspouses #retirement #career
"After suffering bouts of unemployment and a lack of retirement savings, when military spouses are at the point where we get to have 'our turn' professionally, it may be too late to make up for lost time and we may be too focused on everyone else to notice what we’re giving up." https://loom.ly/AkCAe0Y
Now It's Our Turn: Does Military Retirement Give Spouses a Real Chance at Careers?
military.com
To view or add a comment, sign in
-
A recent Employee Benefit Research Institute survey reveals that military families are 20% less likely to borrow from their retirement savings compared to their civilian counterparts. However, those who do borrow are 25% more likely to use the funds for home or car repairs, suggesting a potential lack of emergency savings. While military members seem to be more cautious with their retirement funds, the survey highlights a crucial need for robust emergency funds to avoid tapping into retirement plans for urgent expenses. 🏠🚗 #MilitaryFinance #RetirementSavings #EmergencyFund #FinancialPlanning #MilitaryFamilies https://buff.ly/3B91zXx
To view or add a comment, sign in
-
When life happens: Navigating a military retirement with confidence "It’s a familiar story: Soldiers retire from the Army and begin new lives as civilians, only to find that the transition isn’t quite what they expected. It’s an exciting time full of possibilities, but as service members try to start fresh, they can also face new challenges." If military retirement is just over the horizon for you -- and by just over the horizon, I mean "3 years from now" -- you need to know who will help you navigate your retirement. I'm not talking about TAP here -- everyone knows about TAP. There is way more than TAP. Learn about your available resources now . . . while you have time. It's what you do at the beginning of retirement planning. The quote above opens an article written by the DOD Office of Financial Readiness in #ChangeofMission, the Army's retirement planning newsletter -- two resources you may not be familiar with. The #FINRED article give a one-page overview of who will help you plan your military retirement, complete with links to them. It's a 2-minute read. It's a worthy investment in your future. FINRED supports the financial education of all DOD service members and their families. At the end of this article is a list of the FINRED social media platforms and their website (https://lnkd.in/emYVXMKU). Read the article or download the Change of Mission PDF from the Army's Soldier for Life website -- it's open to all military and their families at https://lnkd.in/ghMMXHj. #soldierforlife #retirementplanning #military
To view or add a comment, sign in
Section Chief, Security at US Air Force | TS/SCI | Sec+
8moThis is good to know, thanks for sharing! I'll have to pass it down to other folks.