Top 10 Articles for Military Retirement Planning

Boots in Business is a conduit for transitioning assistance resources. Here are 10 of the top Military Retirement Planning articles to check out as you prepare!

Transitioning from military service to civilian life is an exciting yet complex process. This blog serves as a roadmap, guiding you through the top 10 articles and resources for military retirement planning.

1. Military OneSource - Retirement Planning:

This comprehensive resource from Military OneSource provides a one-stop shop for all your retirement planning needs. It covers topics like the military retirement system, calculating your retirement pay, and understanding your benefits. They even offer personalized financial planning consultations.

https://www.militaryonesource.mil/transition-retirement/separation/military-retirement-do-you-have-this-covered/

2. Department of Defense - Transition Assistance Program (TAP):

The Department of Defense's TAP program equips service members with the knowledge and skills necessary for a smooth transition to civilian life. TAP offers workshops and resources specifically focused on financial planning and retirement.

https://www.dodtap.mil/

3. The National Endowment for Financial Education (NEFE) - Military Saves:

This program from the NEFE helps service members build strong financial habits. They offer various resources, including a financial planning toolkit, budgeting tips, and information on saving for retirement.

https://www.nefe.org/

4. AARP - Military Retirement Planning Guide:

AARP offers a detailed guide specifically tailored for military retirement planning. It explains the basics of the military pension system, healthcare options for retirees, and strategies for maximizing your retirement income.

https://www.aarp.org/home-family/voices/veterans/info-2023/complete-guide-military-benefits-resources.html

5. Forbes - 5 Retirement Planning Tips for Military Service Members:

This Forbes article highlights five key strategies for military members to consider when planning for retirement. From maximizing your Thrift Savings Plan contributions to exploring disability benefits, this article offers practical advice for a secure future.

https://www.forbes.com/sites/investor-hub/article/best-retirement-income-strategies-for-2023/

6. The Balance - The Truth About Military Retirement Pay:

Understanding your military retirement pay is crucial for planning your post-service life. This article from The Balance clarifies the calculation of retirement pay, outlines different types of military pensions, and explains how to estimate your future income.

https://militarypay.defense.gov/Pay/Retirement/

7. Military.com - 7 Steps to Military Retirement Planning:

Military.com offers a step-by-step guide to navigate the complexities of military retirement planning. It walks you through key tasks like creating a budget, setting financial goals, and exploring investment options.

https://www.military.com/money/retirement/planning-retirement

8. USAA - Military Retirement Planning Checklist:

USAA provides a handy checklist to ensure you haven't missed any crucial steps in your retirement planning. It covers topics like reviewing your benefits, exploring healthcare options, and planning for potential relocation after service.

https://www.usaa.com/my/separation-checklist/questionnaire

9. Federal Benefits for Veterans 2024:

Staying informed about veterans' benefits is essential for a secure retirement. This official government website provides details on healthcare access, education assistance, and other programs available to veterans.

https://www.benefits.va.gov/

10. VA Medical Centers:

The Department of Veterans Affairs (VA) offers comprehensive healthcare services to veterans. Understanding the eligibility requirements and exploring these healthcare options is vital for a secure retirement. Find your nearest VA Medical Center through their website.

https://www.va.gov/health/

Remember, this is just a starting point! Be sure to explore all the resources available and seek personalized advice from a qualified financial advisor to tailor your retirement plan to your unique needs and goals.