Women are expected to live longer than men. Too many women are stuck with the unexpected expenses of long-term care later in life, instead of preparing for it while there’s still plenty of options, resources and time ahead. Without proper planning this can affect female military officers and female military spouses.
Many retired senior military officers will be offered Restricted Stock Units (RSU). That's a good thing. But you need to understand them, because they're not simple.
Most retired military officers will learn about and pay attention to vesting schedules. But if you're thinking about leaving a company, make sure you understand when matching contributions are made.
Retired military officers may be offered non-qualified stock options as part of their total compensation package. These plans are very complicated and taxation is more than a little confusing. Make sure you understand them if you're offered the opportunity to participate in this type of plan.
A Retired Military Officer who completed a successful second career is likely to have a fair bit of money in an IRA or 401(k). Required Minimum Distributions (RMDs) can actually cause problems if you don't understand them.
One option military officers have for retirement savings is an IRA. IRAs come in two "flavors". Roth and Traditional. To know which one to chose, you have to understand them.
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