For more than a year, the federal government has considered making cuts to military retirement benefits. Since retirement is such a major issue, it is the topic for this week’s military personal finance roundup. Take a look at what a few blogs had to say about retirement.
The roundup focuses on military retirement this week.
The Military Wallet discusses the possibility of living of military retirement benefits. While not impossible, it’s not easy to do with fiscal discipline before you retire.
Retirement doesn’t mean the same thing to everybody. So Married with Debt looks at how generations redefine retirement.
It’s common to hear suggestions to save multiple times your salary for retirement. But Five Cent Nickel supports a different way to save for retirement.
Rob Bennett quells the fears of veterans who feel like they’ll have to work longer than their parents just to stay afloat financially. Bennett doesn’t see long retirements costing much more.
Looking back, some people–like My Broken Coin’s Aloysa–wish they planned for retirement when they were in their 20s. If you’re still in that age range, start planning now.
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Smart Military Money works to give military service members and veterans the best personal finance and budgeting advice aimed specifically at the military lifestyle.
We'll cover how to improve your credit score, get a job in the civilian sector after leaving the military, and save for retirement to get you all the information you need to keep, or get, your finances on track.