When Departing From the Military, What Are You Going To?
Understanding your post-military financial landscape is crucial for leveraging benefits like the GI Bill, healthcare, and retirement savings. Learn how to effectively transition into civilian life with strategic planning that maximizes these benefits.
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- People who are retiring or separating from the military
- People who are going to something else
Planning to Go to Something Else from the Military
My favorite people are the ones who belong to the second group: They have a plan, have thought about it and are going to pursue it.- Perhaps they had a hobby or a side gig that turned profitable, and they’re going to do that full time.
- Maybe they developed a military expertise and are going to put it to use in their civilian career.
- Perhaps they decide to take on a job that values their skill set less than the market, but is more personally rewarding. For example, some go into teaching or become volunteers.
- Many people go to a more stable family life. They might take a job, but then choose to prioritize their family over career progression. This is also known as “work to live.”
Retiring or Separating From the Military
The others are those who are simply leaving the military. They don’t know what they’re going to.- They don’t plan for their post-military life.
- They take off their uniform one week and put on civilian clothes the next week, but they hate their job.
- They grind through this for the next 20 years until another pension comes along.
