Military Guide to Financial Independence and Retirement
Filled with examples, checklists, websites, and a rich collection of appendices that deal with inflation, multiple income streams, and the value of a military pension, this book is essential reading for anyone contemplating retiring from the military.
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ISBN: 978-1-57023-319-7 (13-digit); 1-57023-319-5 (10-digit)
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By Doug Nordman
Taking Bob Dylan's lyrics as a departure point - "A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" - this book provides servicemembers, veterans, and their families with a critical road map for becoming financially independent prior to committing themselves to full-time retirement in their 60s or 70s.
Indeed, taking himself as a prime example, the author outlines how military personnel who are retiring in their early 40s can become happily semi-retired and thus avoid the necessity of pursuing what is often a less than fulfilling second career in government or the corporate world.
Emphasizing the importance of family, lifestyle, and bridge careers, the book goes a long way in providing answers to one of today's most important career transition questions: "What do you want to do with the rest of your life?"
Dispelling numerous myths about military transition, finances, and retirement, the book focuses on the two most important benefits military retirees can build upon for creating a financially independent and semi-retired lifestyle:
It shows how to build a sound financial house based upon military benefits, savings, investment portfolios, bridge careers, part-time work, and frugal living,
Filled with examples, checklists, recommended websites, and a rich collection of appendices that deal with inflation, multiple income streams, and the value of a military pension, this ground-breaking book is essential reading for anyone contemplating retiring from the military or jump-starting their post-military career in the direction of semi-retirement and/or full-time retirement.
218 pages. 6 x 9. Softcover. Includes appendices. May 2011.
to read Chapter 1.
TABLE OF CONTENTS:
- Plan Your Post-Military Life
- You've Decided to Retire! So, Calculate Your Income
- Start the Year Before
Countdown to Your Final Six Months
- Retirement for Reserves and National Guard
- Bridge Career Options
- Move in the Right Direction
- The First Two Years After Retiring
- The Future
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for an interview of the author with Karen Jowers, published in the Military Times
on Sept. 15, 2011.