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Reply to "Can someone explain the wealthy military officer phenomenon?"
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[quote=Anonymous][quote=Anonymous]VA loans for housing and turning it into rentals when you change locations; pension + high VA disability + TSP + good savings from LCOL areas. Spouses not working is a symptom of a lot of military life - moving every two years especially when most of it was before remote work was a thing. [/quote] I have family members who were retired military who accumulated significant wealth this way. They bought houses (multiple) in e.g., San Diego and DC in the ‘70’s & 80’s and held on to them. Lived very well on pension + rental income + good health insurance and left significant estates when they died. [/quote]
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