The Military Guide to Financial Independence and Retirement [NOOK Book]

Overview

Taking Bob Dylan’s lyrics as a departure point – “A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do” – this book provides servicemembers, veterans, and their families with a critical road map for becoming financially independent prior to committing themselves to full-time retirement in their 60s or 70s.
Indeed, taking himself as a prime example, the author outlines how military personnel who are retiring in their ...
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The Military Guide to Financial Independence and Retirement

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Overview

Taking Bob Dylan’s lyrics as a departure point – “A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do” – this book provides servicemembers, veterans, and their families with a critical road map for becoming financially independent prior to committing themselves to full-time retirement in their 60s or 70s.
Indeed, taking himself as a prime example, the author outlines how military personnel who are retiring in their early 40s can become happily semi-retired and thus avoid the necessity of pursuing what is often a less than fulfilling second career in government or the corporate world.
Emphasizing the importance of family, lifestyle, and bridge careers, the book goes a long way in providing answers to one of today’s most important career transition questions: “What do you want to do with the rest of your life?”
Dispelling numerous myths about military transition, finances, and retirement, the book focuses on the two most important benefits military retirees can build upon for creating a financially independent and semi-retired lifestyle:
• military pension
• TRICARE
It shows how to build a sound financial house based upon military benefits, savings, investment portfolios, bridge careers, part-time work, and frugal living.
Filled with examples, checklists, recommended websites, and a rich collection of appendices that deal with inflation, multiple income streams, and the value of a military pension, this ground-breaking book is essential reading for anyone contemplating retiring from the military or jump-starting their post-military career in the direction of sem-retirement and/or full-time retirement.
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Product Details

  • ISBN-13: 9781570233302
  • Publisher: Impact Publications VA
  • Publication date: 5/1/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 217
  • Sales rank: 723,732
  • File size: 3 MB

Table of Contents

Introduction vii

1 Plan Your Post-Military Life 1

2 You've Decided to Retire! So, Calculate Your Income 17

3 Start the Year Before 40

4 Countdown to Your Final Six Months 52

5 Retirement for Reserves and National Guard 67

6 Bridge Career Options 79

7 Move in the Right Direction 90

8 The First Two Years After Retiring 113

9 The Future 142

Appendices 148

A Effect of Inflation on a Dollar 148

B Saving Base Pay and Promotion Raises 151

C Retiring on Multiple Streams of Income 155

D Effect of Inflation on a REDUX Military Pension 160

E "Present Value" Estimate of a Military Pension 163

F Asset Allocation Considerations for the Lump-Sum Value of a Military Pension 167

Chapter and Appendix Notes 173

Bibliography 177

Recommended Reading 181

The Author 191

Index 193

Order Form 197

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Sort by: Showing all of 2 Customer Reviews
  • Posted June 16, 2011

    Learn more at The-Military-Guide blog

    All royalties are donated to military charities!

    Thanks, Doug Nordman (author)

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted July 19, 2011

    No text was provided for this review.

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