Whether you are retiring from the military this summer, like I am, or still have years to go, there is value is putting a plan of action in place to be prepared for the transition financially. Sure, discussions of retirement locations, job transitions and career choices are a huge part of the transition, but this article focuses specifically on financial preparation.
- Build us a cash reserve
- Shore up your life insurance
- Set aside a “dislocation allowance”
- Consider rolling over your TSP
- Transfer your GI Bill benefits