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Money and Finances
Reply to "Can someone explain the wealthy military officer phenomenon?"
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[quote=Anonymous][quote=Anonymous]I don’t know many that completely retire after 20 years. Usually they move onto a government contractor position. Those can pay a lot, plus they simultaneously get their pension and low-cost healthcare.[/quote] This. Also, if they spent age 22-42 living on base housing (or getting a stipend) that means they've essentially had NO housing payments. At all. So if they were smart and saved some of their paycheck to go towards eventual housing, they can "retire" at 42 with a huge housing nest egg to buy a house. Then go work for a DoD contractor, making at least the same amount if not more than they did in the military. Except now they are still getting their military pension and have healthcare covered. [/quote]
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