Buchnummer des Verkäufers
Inhaltsangabe: This book provides service members, veterans, and their families with a critical roadmap for becoming financially independent prior to committing themselves to full-time retirement. It outlines how retiring military personnel in their early 40s can become happily semi-retired. Emphasizing the importance of family, lifestyle, and bridge careers, the book shows how to build a sound financial house based upon military benefits, savings, frugal living, and investing in oneself. Includes examples, checklists, websites, and appendices.
I've been tinkering with retirement planners since the 1980s. After a few years of research I realized that our growing portfolio income (plus my pension) would nearly replace my active-duty pay. We wouldn't be rich but we'd be financially independent.
As my retirement date approached I started working through the "career skill assessments" and "interest surveys," but they weren't encouraging: middle management and nuclear engineering. Good to know, but I'd already endured nearly 20 years of that.
My spouse and I had always tracked our spending and tried to follow a budget. We'd always saved most of our pay raises (and invested them) and we'd tried to live a low-key frugal life. We were raising a family and didn't really have time to get swept up in consumerism. We made the usual financial mistakes but we managed to keep saving.
As the months went by, I realized that very few military retirees stop working after the military. Most veterans immediately find a bridge career and work into their 60s or even longer.
The perpetual challenges for early retirees are decades of inflation and affordable health insurance. Yet military retirees have a pension with a COLA and cheap healthcare, so why are they still working?
The answers aren't complicated, but it's a highly individual decision with a number of factors. Many veterans are still working because we didn't realize that we could retire! I've learned that a military career offers plenty of opportunities for financial independence, but most people don't realize this until it's almost too late. A few years of planning, budgeting, saving, and investing could make all the difference between leaving the military for a civilian career...or retiring to enjoy life. Either decision can be a good one, but would you like to have a choice?
The stories and advice of 50+ veterans are distilled into The Military Guide. You'll be able to use our centuries of financial and retirement experience to find your own path. It's not as mysterious or painful as it seems, and we'll show you how!