The Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022 (That's also what you will get on your military retirement and VA Disability Compensation).
I've seen more than one recommendation on Facebook stating that one should use a Roth IRA as an emergency fund. But, does it make sense for Military Officers and NCOs to do it?
It's pretty typical that a retired Senior Military Officer or NCO in a second career has a 401(k) or similar plan. You may want to get to that money before you retire, retire. You might just be able to.
While it's still not certain that Congress will pass changes to the Tax Code, it is probably worth it to look at how some of the changes might affect active and retired Senior Military Officers and NCOs.
Looking for a simple formula to figure out how many years it will take for your investments to double? The Rule of 72 can help. This simple guide will help answer your questions.
If you spent some of your time in the military supporting a campaign or expedition (and in the past couple of decades, who hasn't?) and you're are or are about to be a GS employee, make sure you get credit for your time.
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