1. Home
  2. Maximizing Your Military Retirement and Benefits
Featured Experts
LTC Jerry Quinn (USAR)
LTC Jerry Quinn (USAR)Chief Operating Officer & Secretary at the American Armed Forces Mutual Aid Association (AAFMAA)
Gail Harris
Gail HarrisSenior Vice President, CFP®, CIMA®
Wayne Brown
Wayne BrownDirector of Business Development at PARCO. Military - Separated in 2016 at the rank of Captain with a total of eight years of service, which included three years of enlisted time before attending Officer Training School at the rank of A1C.
Chuck Czajka
Chuck CzajkaCEO
Ryan Guina
Ryan GuinaFounder, The Military Wallet
Written by:

Adjusting to civilian life after active duty is a journey filled with discovery and occasional challenges for retired service members of the Army, Navy, Marine Corps, Coast Guard and Air Force. Armed with knowledge on how best to make their retirement work, they can transition into, adapt to and thrive in the next phase of life with great success. Military retirement plans and benefits are designed to facilitate a fruitful retirement for those who have served our country.

In recent years, the military has enacted changes to its retirement plan to make military service more appealing to a younger generation accustomed to career flexibility and mobility. Traditionally, military retirement pay was created for service members who've served in active duty or the reserves for at least 20 years. The Blended Retirement System (BRS) was created for service members who don't reach that number but still want to leave the military with some benefits available.

Military Retirement in Focus

How to Maximize Your High-3 Retirement Earnings

If you first entered the military between September 8, 1980, and July 31, 1986, you are eligible for the High-3 Retirement System, also known as the High-36. Rather than your final monthly base pay, retirement pay for the High-3 is calculated using the average base pay for your three highest-paid years. You receive half of your average highest 36 months base pay if you retire with 20 years of service and 100% if you retire after 40 years.

3 Ways to Maximize High-3 Retirement

1

Stay in the military for at least 20 years.

You get 50% of your average highest 36 months base pay if you retire with 20 years of service.

2

Stay in the military beyond 20 years.

Waiting to leave after 40 years will make your pension 100% of your monthly pay average.

3

Assess your risk tolerance.

Look at whether you’d be willing to follow a long-term strategy with the potential for substantial earnings.

How to Maximize Your Redux Retirement Earnings

Redux was an optional retirement plan for active duty service members who began their service after July 31, 1986, but before January 1, 2018. It's generally considered the least favorable retirement plan.

Under the REDUX system, at the 15-year mark, service members could elect to receive an immediate monetary bonus of $30,000.

HOW TO CALCULATE YOUR REDUX
  • 2.5% times the service member’s years of service
  • minus 1% for each year of service less than 30 years
  • times the average of the member’s highest 36 months (or 3 years) of basic pay

For 20 years of service, you would be looking at 50% (2.5% x 20 years). Since 20 years is 10 years less than 30 years, your percentage multiplier would be 40% (1% x 10 years). You then multiply that number by your average of 36 months or 3 years of basic pay. Your basic pay is typically how much you are paid in your current rank.

After age 62, the benefit becomes 2.5% times the number of years of service times the average member’s highest 36 months of basic pay. It’s in favor of the longer serving military member, so the incentive is to remain on active duty longer before retiring.

Try using the Department of Defense’s (DoD) REDUX calculator if you need help calculating your benefits.

How to Maximize Your Blended Retirement System (BRS) Earnings

As of January 1, 2018, the new Blended Retirement System (BRS) took effect for eligible service members. The plan includes a smaller 20-year military retirement annuity, automatic and matching contributions to the Thrift Savings Plan (TSP), a mid-career continuation pay component and lump-sum distribution options at retirement.

The Blended Retirement System is calculated using a 2.0% multiplier for each year of service instead of a 2.5% multiplier, making a 20-year pension worth 40% of the retirement pay multiplier instead of 50%. Service members can estimate their retirement benefits under the BRS and compare the Legacy High-3 with the BRS.

On the surface, new service members may not receive as much retirement as they would have under the traditional system. Still, if the 401(k) element, the TSP, is managed correctly, there's the potential to make even more under the BRS.

Active Duty Maximization

1

Invest at least 5% of your pay into the Thrift Savings Plan (TSP).

Your branch of service will automatically add 1% of your basic pay to your TSP account. They’ll also match any contributions you make up to 5% of your basic pay. When you put in 5%, they’ll put in 4%. Add the 1% automatic contribution, and you’ll have 10% of your pay going toward retirement. Keep in mind that vesting rules apply.

2

Stay in the military for at least 20 years.

In most cases, you must serve at least 20 years to receive the pension portion of the BRS. To calculate your monthly pension payment, do the following math:

  • 2%(years of service)(retired base pay)

Your pension amount can increase each year with cost-of-living adjustments. If you leave the military before reaching 20 years of service, you will typically not be eligible for this benefit.

3

Ride out market reactions.

There is a wide range of investment funds offered by the TSP, including those that go into stocks and bonds. There are also Lifecycle (L) funds that you can use. Once you've come up with an investment plan, stick with it, and try not to react to market moves.

4

Take it with you.

With portability under the BRS, service members can take the funds in their TSP with them after they separate, even if it’s before 20 years. The funds can be moved to another retirement account, reinvested into a qualifying employer’s retirement program or converted into another qualifying investment. The money in the TSP can also be left in it and compounded long after one has left the service.

Soon or Currently Retired Maximization

Once service members retire, there aren't many options to maximize their military retirement pay because that amount is locked in based on service history. However, the TSP account is a portable retirement benefit. This means that when a service member leaves, they can have the TSP transfer part or all of their account into an IRA or another eligible employer plan (for example, the 401(k) account of a new employer) and continue to earn an annuity.

Contribute to Your Thrift Savings Plan (TSP)

The Thrift Savings Plan (TSP) is offered to all military retirees under the Blended Retirement System (BRS) retirement plan. It's a federal government-sponsored retirement saving and investment plan that operates similarly to a 401(k) and offers the same kind of savings and tax benefits that many private companies provide for their employees.

Offered initially only for federal civilian employees, the TSP was extended as of October 9, 2001, to make the military more attractive to those who were thinking about entering the Army, Navy, Air Force, Marines or Coast Guard.

The TSP is for long-term retirement savings, and there are penalties for early withdrawals. Retirement income from a TSP account depends on the amount contributed to an account during your working years and the earnings on those contributions.

The money you contribute to your TSP is always yours. You own the Department of Defense contributions after you serve at least two years.

5 Tips for Maximizing Your TSP

The following tips can help you maximize your Thrift Savings Plan contributions. The sooner you start, the better off you’ll be when it comes time to retire from the military.

1

Contribute at least 5%.

The TSP matching contribution comprises two parts: automatic 1% match and 4% agency match. If you do not contribute at least 5% of your pay, you are not making the most of what's being offered to you. If you are participating in the BRS but not contributing to your TSP, you will only receive the Department of Defense's 1% automatic contribution. If you do not contribute to your TSP, you do not receive any matching contributions.

2

Make catch-up contributions.

Catch-up contributions are extra deposits you can begin making into a TSP any time starting in the year that you turn 50 years old, as long as you expect to make the maximum regular contribution as an eligible federal employee. This gives you the chance to save up more for your retirement. You decide how much you want to deposit, and it's automatically deducted from your basic pay every pay period. There is a yearly limit, determined by the IRS. Catch-up contributions automatically stop when you reach the limit or when the calendar year ends —whichever comes first. They don't continue from one year to the next. You must make a new catch-up contribution election each year.

3

Traditional TSP vs. Roth TSP.

When you deposit money in a traditional TSP, you don't pay federal or state income taxes on that amount, which means it's tax-deferred. However, when you take money from a traditional TSP, it's subject to federal and state income tax. If you expect your tax rate will be higher when you retire, you should consider the Roth option, which will mean you pay the tax upfront. Consult a tax professional to decide if you're going to opt for this route. When you take money from the Roth TSP, it can be income tax-free if you follow IRS rules. On another note, military pay in a combat zone is exempt from federal and state taxes, and service members are also eligible for much higher contributions to the TSP.

4

Weigh your options.

The TSP offers five core mutual funds and various lifecycle funds that adjust the investment allocation as the expected retirement date is approached. The plan has limited investment options, so some service member retirees might want to put their money elsewhere. The plan does not allow investment in individual stocks or other publicly traded investments. Your choices are limited to a handful of sector funds and lifecycle funds, so you may want to invest elsewhere.

5

Stay up to date.

Sign up for newsletters that carry updates and changes to the plans, and monitor your investments. TSP participants usually receive quarterly and annual statements, which will help you stay on top of your assets.

Frequently Asked Questions About Military Retirement

Getting a head start is critical to making the most of any service member’s retirement - no matter if you’re with the Army, Navy, Air Force, Marines or Coast Guard. At a minimum, the transitioning process should start a year before your expiration of time-in-service (ETS) date, but many people start planning even before that.


How can you maximize pay based on years of service?This is an icon

Basic pay is based on rank and length of service, with automatic raises when service members meet certain time and promotion markers. Congress decides each year how much of an increase all troops should get.

Service members are financially rewarded the longer they stay in the service through continuation pay when a service member reaches 12 years of service. To receive continuation pay, you need to commit to an additional four years. It is taxable, but you can contribute all or part of it to your TSP. You can also choose to receive it in a lump sum or in installments over four years to reduce taxes.

Active duty members get 2.5 times their monthly basic pay as of the first day of their 12th year of service, while reserve and guard members get 0.5 times their monthly pay. This is except for those in the Army Reserve and National Guard, who get four times their monthly pay.

Does disability pay offset retirement pay?This is an icon

There have been significant changes to the law governing Veteran Affairs (VA) disability compensation and military retirement pay, which are two different forms of compensation. In the past, veterans were not able to obtain both. Since 2004, Concurrent Retirement and Disability Pay (CRDP) has allowed military retirees to receive military retired pay and VA compensation. You need to be eligible for retired pay to qualify.

You may be entitled to CRDP if the following applies:

You are a regular retiree with a VA disability rating of 50% or higher. You are a reserve retiree with 20 qualifying years of service, who has a VA disability rating of 50% or higher and has reached retirement age. Retirement age is 60 in most cases, but individual reserve retirees may be eligible before turning 60. You are retired under the Temporary Early Retirement Authority (TERA) and have a VA disability rating of 50% or greater. You are a disability retiree who earned entitlement to retired pay under any provision of law other than solely by disability, and you have a VA disability rating of 50% or higher

Monthly payment amounts for veterans with disabilities are calculated based on disability rating and dependent family member details.

How can my retirement pay continue to go to my family if I die? This is an icon

The Survivor Benefit Plan (SBP) allows a retiree to ensure a continuous lifetime annuity for their dependents after they die. The annuity, based on a percentage of retired pay, is paid to an eligible beneficiary. Unlike some other annuities, payments can never run out. If you die before your spouse, they will continue to get monthly checks until they pass away.

How can I manage taxes with my military retirement?This is an icon

Like other income, retirement pay is subject to federal income taxation unless wholly or partially exempted by statute. The federal government and individual states have established tax breaks for military members and veterans to lighten your financial load and ease your return to civilian life. If the retirement is for disability and all retired pay is tax-free, retirees are not required to report this income. Taxable income from retired pay does not include the amount of SBP deductions. Service members are taxed only on what they receive.

You can get both Social Security benefits and military retirement. Generally, there is no reduction in Social Security benefits because of your military retirement benefits. You'll get your full Social Security benefit based on your earnings. While you can retire as early as age 62, your Social Security benefits will be reduced if you do and won't be increased when you reach full retirement age. If you decide to apply for benefits before your full retirement age, you can work and still get some Social Security benefits. When you reach your full retirement age, you can earn as much as you can and still get all of your Social Security benefits.

Does the military still have a 20-year retirement?This is an icon

There have been changes made to military retirement so that those who retire before 20 years — whether due to circumstance or personal choice — can still obtain retirement pay. Stepping back into civilian life after years or decades in the military brings certain retirement benefits depending on the length of time served and rank in the military. Typically, however, you'll need to serve for at least 20 years to receive full retirement pay.

Can you live off a military pension?This is an icon

According to most experts, yes, but it does require planning and foresight.

How do I calculate my military retirement pay?This is an icon

After 20 years of service, military members can retire under the High-3 retirement plan with 50% of their basic pay, full medical coverage and a range of other benefits. Service members who retire under the newer BRS will earn 40% of their base pay with whatever has been accrued in their TSP. Service members in the Guard or Reserves can also earn military benefits based on a point system. Benefits start at age 60, which is close to the traditional retirement age of 65.

More Benefits: Veterans Affairs Health Care and Insurance Systems

All veterans receive coverage for most care and services, but only some will qualify for added benefits like dental care. The full list of covered benefits depends on your priority group, the advice of your VA primary care provider (your main doctor, nurse practitioner, or physician’s assistant) and the medical standards for treating any health conditions you may have.

  • If you are a retired service member, both you and your family have access to Tricare, the military’s health care plan. If you have other forms of health care coverage (like a private insurance plan, Medicare or Medicaid), you can use VA health care benefits along with these plans.
  • Disability pay from the VA is also available for service-connected injuries.
  • The Post-9/11 GI Bill helps you pay for school or job training if you’ve served on active duty after September 10, 2001.

Military members have access to other benefits, such as special types of checking and savings accounts within financial institutions, VA loans for purchasing a home or access to additional select credit lines to help start a business after separating from military service. Military members and their families also have several unique considerations when it comes to choosing auto insurance coverage.

It's also essential to go with the right life insurance, whether that's one of the government-sponsored programs or a private-sector policy. Whatever coverage you choose, it's critical to know exactly what your insurance policy covers.

Expert Insight on Maximizing Military Retirement and Benefits

  1. What are some of the common mistakes service members make concerning their retirement?

    The biggest mistake, without a doubt, is the belief that they shouldn’t be independently saving for retirement. It’s easy, especially as a new service member, to not only feel that retirement is some abstract concept that will never really happen, but that it’s also something you don’t need to save for on your own. This couldn’t be further from the truth— absolutely everyone can benefit by putting more away for the long term, even if you anticipate receiving a military pension. One of the most straightforward ways to accomplish this is to contribute more of your paycheck to your Thrift Savings Plan (TSP). Unfortunately, individuals under the legacy retirement systems don’t receive matching contributions, so a lot of service members tend to overlook that particular benefit, but saving for retirement is a habit and adopting that habit early makes it easier and easier to put more money away as raises come in.

    Some of the most common mistakes I have seen range from getting married too soon to getting back from deployment and rushing out to purchase a big-ticket item like a car or RV. Retiring too early might also be a mistake instead of waiting a few more years and getting a higher retirement income.

    The biggest mistake many military members make is assuming they will remain on active duty long enough to earn retirement benefits. Only about 17% of military members remain on active duty long enough to retire. Because of this, some people don't do any financial planning for retirement until it is too late. Another mistake is assuming military retirement pay will be enough to live on. It will be for some people, but not for everyone. Most military retirees end up working again after retiring from the military, either because they want to or because they have to.

    The most common mistakes services members make with regard to their retirement are:

    • Not defining a retirement income goal. Whether retirement is around the corner or many years in the future, it is important to define specific goals, such as when to retire and what percentage of your current income is needed once you “hang up your spurs.”
    • Not saving enough. The military provides generous retirement benefits, but additional savings will likely be necessary to meet future retirement income needs. It is important to periodically calculate the savings rate needed to reach retirement income goals and measure if the plan is on track. Retirement is too important of a goal to "set it and forget it."
    • Waiting too long to save for retirement. The earlier you start setting funds aside, the better to benefit from the miracle of compounding of investment returns.

    Investing too conservatively or too aggressively. Finding the right balance of risk and safety is critical and should address both the amount of risk necessary to achieve goals and comfort level with risk.

    The biggest mistake is starting your retirement processing late. Many service members continue to work and do not take the time for VA appointments or to attend educational classes available to them, such as Soldier for Life (SFL). Another common mistake is not carefully weighing Survivor Benefits Plan (SBP) options, which provide a portion of retired pay to eligible dependents. Once you've declined the SBP, you cannot get back in, so it's best to leave the option open for the future.

    Many service members think that Veterans' Group Life Insurance (VGLI) is their only option for post-service, but this is not the case. You should explore other offerings from third-party companies, which might be better suited to your needs and financial plan.

    Lastly, don’t forget to research health care and dental options before retirement and make any necessary changes to your plan or document service-related conditions.

  2. What are other ways besides maximizing pay to get the most out of one's military retirement pay?

    If you plan to continue working after your military retirement, it can be quite beneficial to look into jobs within the federal civilian government, particularly if you have a reserve retirement that includes active duty time. There is a special rule within the Federal Employee Retirement System (FERS) for civilians that allows employees to essentially “double dip” their active duty time and apply it toward a civilian pension, as well as their reserve retirement. Keep in mind, you will have to buy this active time back for it to count toward your creditable months of service and your overall pension calculation. If this is something that interests you and you have not yet bought back your time, we highly recommend doing so sooner rather than later, as interest begins accruing at that time once you separate from the military. Additionally, working a civilian job while receiving a military paycheck allows you to maximize 401(k) and TSP contributions for several years before retiring for a second time.

    I would look at a military retirement like Social Security. Like military retirement, Social Security was not designed as the only source of income in retirement. Most of us could not survive on military retirement income alone.

    Retirement pay is based on your average of your highest 36 months of pay and your years of service. The longer you remain on active duty, the greater your retirement pay.

    One of the decisions that can have a sizable impact on retirement is where you will live, as the cost of living can vary significantly by location. While cost is important, it is also essential to consider other factors in choosing a retirement location such as proximity to family, access to quality health care and availability of entertainment options, to name just a few.

    Benefits vary from state-to-state, so I encourage researching local tax laws to determine if you qualify for any exemptions. For instance, depending on where they live, disabled veterans may be eligible for the homestead tax exemption. You should also consult a financial advisor, particularly one who has experience dealing with servicemembers and veterans, to discuss long-term saving and investing strategies. It can’t hurt to do this early during your transition to help set you on the right course.

  3. How is BRS different from the Legacy programs? What does this difference mean for service members enrolled in BRS now?

    Under the BRS, not only is the benefit defined differently, but there is also a defined contribution plan. There are two main legacy programs: the High-36 and the Redux. The one most people are referring to when they talk about legacy programs would be the High-36. This program is defined as 2.5% times the number of years of service multiplied by the average of the member's highest 36 months of basic pay.

    The BRS benefit is similar, except for it being 2% per year instead of 2.5%. It is important to note that the BRS also has a contribution plan, unlike the legacy systems. Now, much like federal civilians, military service members can receive up to 5% of their salary as a matching contribution to their TSP as long as they are between their second and 26th year of service. This additional component provides extra incentive for military service members to take the extra steps to begin developing the mindset to save for retirement, which is always a great habit to start as early as possible.

    Blended Retirement Systems (BRS) has replaced the old legacy system. The BRS changed the way pension benefits are calculated. Under the legacy system, a multiplier of 2.5% was used. It was 2.5% multiplied by the number of years served multiplied by retirement base pay.

    Under BRS, it was reduced to 2%. To make up the difference, the government came up with a saving program that p

    The legacy military retirement plans were all cliff-vesting programs, meaning you had to serve the full 20 years to be eligible for any military retirement benefits. The BRS offers military members some retirement benefits, even if they don't serve long enough to vest for traditional military retirement benefits fully. This comes in the form of matching Thrift Savings Plan (TSP) contributions. The TSP is the government equivalent of a civilian 401(k) plan.

    The BRS offers a 1% TSP contribution starting at 60 days of service and matching up to 5% of the service member's TSP contributions once they reach two years of service. The 1% agency contribution vests immediately, as do the individual's contributions and earnings. All matching contributions are fully vested after two years of service. The funds can be left in the TSP, transferred to another retirement plan or withdrawn when the service member leaves the military, even if they don't qualify for military retirement. In this way, government officials estimate at least 75% of service members will receive some retirement benefits when they leave the military.

    Of course, this comes at a cost. The legacy retirement systems based retirement pay on a multiplier of 2.5% per year of service of the average high 36 months of pay. Twenty years of service, the minimum to earn retirement, equals 50% of the member's base pay. The BRS uses a 2.0% multiplier, which would equate to 40% of base pay at 20 years of service.

    There are a few other differences as well, such as a continuation pay bonus for re-enlisting or extending your military career and the potential to take a lump sum at retirement.

    The Blended Retirement System (BRS) is a new program that combines the traditional legacy retirement pension, also known as a defined benefit, with the Thrift Savings Plan (TSP), also known as a defined contribution plan. Anyone joining the service on or after January 1, 2018, is automatically enrolled in the BRS. The plan's TSP portion is like the 401(k) plans offered in the private sector and allow members to save toward retirement, with the government providing a matching contribution. The legacy pension/defined benefit plan offers monthly retired pay for life after 20 years of service. A key difference between the two plan components is the pension portion requires 20 years of service, while the TSP is portable if you leave service before 20 years.

    The BRS is a modernized retirement plan built for retirement savings with automatic and matching thrift savings plan (TSP) contributions. Under the BRS, service members may have a mid-career compensation incentive plus a monthly annuity for life. Further, if you contribute 5%, the Department of Defense automatically contributes 1% and will match 4% for a total of 10% TSP contributions. After 12 years of service, you'll have the option to receive a continuation of pay cash payment should you choose to stay in the service for four more years. After 20 years, your annuity payment will be 2% multiplied by the number of years you served multiplied by your monthly base pay at retirement.

    After completing 20 years of service under the Legacy Retirement System, you will receive 2.5% multiplied by years served multiplied by your retired monthly base pay. But if you do not complete 20 years, there is no retirement available for you and no option for matching contributions to your TSP.

    If you're eligible for BRS or already enrolled, take full advantage of it as soon as you are able by making contributions that will qualify for the government match.

  4. Is there anything else service members should be aware of when approaching retirement?

    There are many benefits veterans receive that the general public does not. If you are a retired service member, both you and your family have access to Tricare, the military's health care plan. Tricare is a massive benefit, as it's much more affordable than private or even available public service health insurance options. Military members have access to other valuable benefits, such as particular types of checking and savings accounts within financial institutions and VA loans for purchasing a home. You may also receive disability payments from the VA for service-connected injuries.

    The Post-9/11 GI Bill is another fantastic benefit for service members. Not only will this help pay for school should you decide to pursue educational opportunities, but it can also be passed to a loved one such as a child or spouse if you go through the proper channels several years before retirement. Additionally, don't forget that the Yellow Ribbon Program can help cover the remaining costs for out-of-state private schools that the Post-9/11 GI Bill doesn't cover.

    I believe there is a transition assistance program. Most everything can be found using the assistance program to walk someone through the steps as they approach retirement. You should do this at least 90 days before separation, but you can start as soon as two years before the separation date.

    Plan your post-retirement budget. Make sure you and your eligible family members enroll in Tricare, the medical coverage for retirees. Service members also have a final moving expense paid one time anywhere within the U.S. or your home outside of the U.S.

    Lastly, prepare for civilian life. Build a financial team to educate you on what you need to know regarding your finances. Military life is more regimented, but you are on your own in civilian life. However, many outlets provide military retirees with assistance.

    Many military retirees are surprised when they see their initial military retirement check. Military retirement pay is only calculated on your base pay and does not include other allowances, such as food or housing allowances. As a result, military retirement checks are much smaller than many retirees anticipate.

    It's a good idea to understand how retirement pay actually works. You should understand how to calculate retirement pay based on the formulas provided by The Defense Finance Accounting Service (DFAS), but you should also understand what your retirement paycheck will look like after taxes and deductions. You will need to account for state and federal taxes, deductions for health care and dental care, the Survivor Benefit Plan if you participate, life insurance and any other payroll deductions.

    Having a good idea of what your retirement paycheck will look like before entering retirement will make planning much easier.

    Retirement is a significant financial and personal transition. Other areas of pre-retirement planning that need attention are ensuring your legal documents such as a will, power of attorney and advanced health care directives are up to date and reflect current wishes, deciding when to start taking social security benefits, evaluating long-term care needs and determining how to cover those costs and creating a new life chapter. Retirement is not so much an end as it is a new beginning. It is important to replace work with new activities that keep you engaged and excited about getting up every morning. It's a wonderful time to revisit old passions or find new ones. The following quote sums it up: "Retirement is wonderful if you have two essentials: much to live on and much to live for." — author unknown.

    Take advantage of BRS if you are able to. Maximize your contributions. Build good savings habits. Regardless of where you are, it is never too late to start.

    Begin the VA claim process prior to retirement. Veterans benefits delivery at discharge (BDD) claims can be filed between 90 and 180 days prior to separation. This allows the VA to schedule exams, review treatment records, and evaluate the claim before separation and affords the fastest benefits delivery. If you are on a military installation, contact your local transition assistance program office to attend VA benefits briefings and learn how to initiate your claim. Collect all your medical records and stay organized.

    Ask questions. If you don’t understand, keep asking. Service members are experts in their military occupation codes (MOS), but we can’t expect them to be experts on transitioning. If your retirement savings or pension is not where you think it should be, it is never too late to get started. Seek advice from a trusted resource, make a plan and take action.


Wayne Brown
Wayne BrownDirector of Business Development at PARCO. Military - Separated in 2016 at the rank of Captain with a total of eight years of service, which included three years of enlisted time before attending Officer Training School at the rank of A1C.
Chuck Czajka
Chuck CzajkaCEO
Ryan Guina
Ryan GuinaFounder, The Military Wallet
Gail Harris
Gail HarrisSenior Vice President, CFP®, CIMA®
LTC Jerry Quinn (USAR)
LTC Jerry Quinn (USAR)Chief Operating Officer & Secretary at the American Armed Forces Mutual Aid Association (AAFMAA)

About the Author


Nadia Neophytou is a journalist based in New York City who writes for various publications from The Hollywood Reporter to Quartz.


Sources