The Military Guide to Financial Independence and Retirement

by Doug Nordman

Overview

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.

Product Details

ISBN-13:	9781570233197
Publisher:	Impact Publications VA
Publication date:	06/16/2011
Pages:	248
Product dimensions:	6.00(w) x 8.90(h) x 0.60(d)

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