- Working in the military can set someone up to retire after 20 years with a pension and the ability to pursue whatever interests them.
- Why do many young members of the military actually have financial problems?
- Has Military Dollar ever seen any specific education for new servicemen?
- How could a young person change his/her mindset to make more frugal choices and pursue FI?
- Why did Military Dollar decide to pursue financial independence?
- How did she get started?
- What was MD’s savings rate early on?
- How has MD set herself up to potentially retire by 41?
- What was the moment that changed MD’s mindset and approach toward finances?
- How do most military members approach debt?
- What does the optimized path to FI look like in 2018.
- What’s the difference between the old Legacy Retirement and new Blended Retirement System?
- What advantages does the Blended Retirement System have for people who don’t stay in the military for 20 years or more?
- What is the biggest difference between the enlisted and the officer’s route to FI?
- How can people plan for and understand relatively predictable promotions and pay raises?
- If someone starts young and doesn’t increase their lifestyle spending, getting to a 50% savings rate is very possible.
- Within the military retirement system, what investment options are available?
- Active duty health care = free for you and your family.
- How does the GI Bill work, and how does that help with college expenses?
- The GI Bill can be passed onto family members, but does include a service commitment.
- If the GI Bill is used by a service member’s children, or after separating from the military, there is a housing allowance available.
- GI Bill will cover all tuition and fees as an in-state student for public universities.
- GI Bill will cover approximately $22k for private universities.
- What is the Yellow Ribbon program, and how does it help cover the difference?
- What is the minimum time of service to qualify for the GI Bill?
- What’s next for the MD whenever she retires from the military?
- How does MD balance her commitment to the military with her interest in serving her community?
- How will MD know when it’s time to retire?
The Golden Albatross
If your job offers a pension, then this book is a must-read. Easily learn how to calculate your pension’s objective value and weigh it against the subjective benefits of leaving for more fulfilling work.
