Reply to Understanding military pension

Forum Index » Money and Finances

Reply to "Understanding military pension"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Can someone help me understand how much this might be? My husband will likely retire with 22 years in (about 6 of those active duty) as a Colonel in the Army Reserve (likely with 3 years as a Colonel) at age 50 in the year 2017. What does this translate to dollar-wise in terms of a pension? When does he start collecting it? Is it like Social Security (i.e. is there an incentive to delaying drawing it down?). We are trying to understand what our cash flow will look like and wondering if we are overly stressing about college, given that we will have some cash flow at around the time our kids enter college (2028 and 2030). I have looked at various websites and find the information very confusing. I know some of this is based on when he entered service. He entered service in college as part of an ROTC program in 1988 I believe, though I would have to check on exact year. I don't think he did the REDUX thing. He had a few ineligible years because he was in the IRR, which is why he is not retirement-eligible yet. Thanks DCUM![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics