Military Retirement and Budget Planning
Do you have a good financial forecast for life after military retirement? I can't take credit for creating this Excel document, as I downloaded it from (I think) a MCCS or Military One Source financial planning page years ago. I tried to go back and find it before I retired, but couldn't...I'm thinking it was removed. Anyhow...several years ahead of our own departure from the formation, I sat down and started playing with numbers on this very simple spreadsheet. I started with my own expected military monthly pension amount, based on different ranks, because you never really know when the military will decide to stop promoting you (while you can make some good guesses) and you may or may not just decide one day that it's time to leave it to younger folks to carry the torch. Either way, start with the take-home of whatever rank you think you'll be and go from there. Don't forget about federal taxes, though...that's one of two guarantees in life (the other b...
