Pack Your Chute: 5 Things to do Now to Get Ready for Transition

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.

1. Build us a cash reserve
2. Shore up your life insurance
3. Set aside a “dislocation allowance”
4. Consider rolling over your TSP
5. Transfer your GI Bill benefits