Episode 31 - The Value of Military Pay and Pensions

As a service member getting closer and closer to retirement myself, I like to look at and think about how to value my military pension. I recently received my last promotion I plan to get before I retire, so I'm getting a lot more serious about how this fits into our overall plan for financial security and independence.

Erik has posted a few different articles that I thought were interesting and he's also created some nifty spreadsheets (who doesn't love a good spreadsheet?) that I felt were handy to have.

In this episode, I talk with Erik about why he created these tools, how to use them, and what things military members need to think about as they look toward transitioning to civilian life whether you're retiring or leaving service after your initial enlistment or commission. All the links to resources mentioned in the show are below.

Erik's LinkedIn

https://www.linkedin.com/in/erikbaskin/

Erik's Calculators and Blog

https://www.baskinfp.com/post/military-transition-income

https://www.baskinfp.com/post/military-retirement

Military Pay and Pension Calculators

https://militarypay.defense.gov/Calculators/

Kate Horrell's Checklists

https://www.katehorrell.com/military-retirement-checklist/

https://www.katehorrell.com/military-separation-checklist/

Doug Nordman – Don't Gut It Out To 20: Leave Active Duty For The Reserves Or National Guard

https://themilitarywallet.com/leave-active-duty-for-reserves/

Doug Nordman – Military Guide to Financial Independence & Retirement

https://militaryfinancialindependence.com/about/books/