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).
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.
As a retired Senior Military Officer or NCO you could find yourself in the role of a C-Suite executive. And as a C-Suite executive, your company may offer you a Supplemental Executive Retirement Plan. Before making any changes to your current retirement savings strategy, review these considerations first.
When you become eligible for Medicare, things change with your Tricare. If you're still employed when that happens, you could be in for a shock. You could end up paying a lot for your Medicare coverage or risk losing Tricare.
A lot of retired Senior Military Officers and NCOs decide to start a business when they retire. Wouldn't it be great if all your business growth could go on inside an IRA? Maybe it can.
Retired Senior Military Officers and NCOs often excel in the civilian sector and find themselves filling roles as high-level employees. These position often come with different forms of equity compensation. Phantom stock is one type.
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