15 year retirement
Posted: Thu Dec 12, 2013 9:35 pm
So I see now that the DOD is offering/proposing a new 15 year retirement plan. Instead of your 50% pension you would get 37.5% of your top 3. I have to be honest, I'm kind of leaning towards taking it. I have 10 years in right now and if I retire as an E-6 that would be an approximate $1140 check every month. The money wouldn't really matter to me because I know I'll get a decent paying job with my finance degree. The extra $400 that I would get if I retired at 20 isn't really worth the ass pain that I put up with now. My finances are in order, no credit card debt and I have a years worth of expenses saved up in my savings account.
Would you do it if you were in my shoes? or am I being dumb and I should just suck it up and stick it out for 5 more years?
Would you do it if you were in my shoes? or am I being dumb and I should just suck it up and stick it out for 5 more years?