Senior Military Officers and NCOs can realistically consider leaving the workforce when they retire from the military. But is it a good idea? It depends.
SGLI and VGLI are insurance options offered to you by the government. There are other options available to supplement or replace the government options. Here are the basics of some of them.
There is nothing harder to "kill" than a military rumor. One that has been around for at least 10 years concerns VA Disability and your Military Pension. The Tax Court just put a stake through the heart of this rumor.
Planning on spending some time in an RV after you retire from the military? Make sure you understand the costs involved. Here are some that might not be top of mind.
Due to the recent market decline, there is a lot of talk going around about doing Roth conversions. Some unique aspects of military finances could make that either a good idea or a not-so-good idea.
In the year you retire from the military you have to be especially careful about your TSP contributions and contributions to civilian retirement plans. Contribute too much to TSP and you could miss out on matching. Exceed the annual limits and you're looking at double taxation.
Most of us think our time at a service academy doesn't get us much other than an education. But if you work for the Federal Government after retiring from the military, it could be worth more.
Sometimes life after the military doesn't go exactly as planned and you may want or need to get to funds in your retirement accounts before age 59 1/2. Is there a way to do that without paying penalties?
TSP is an excellent investment option for active-duty military members. It's a fine place for retired military officers and NCO, to let funds grow. Changes are coming to TSP investment options. Are they good, bad or ugly?
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