Originally Posted by
Whoopsmybad
I understand that. But most people leaving the military by and large are not retiring as an O-5, they are generally leaving as a senior 3 or junior 4. And the pay on your retirement holdup sucks, not belittling that, but if it didn’t happen, that’s not a 4K pay cut, you probably would make more.
Admittedly, I had to re-check the pay rates again and I was looking at the last pay table, not the first, so the disparity it a little more than my math showed.
All good…I just wanted to make the point that there is a sizable difference regardless of when you get out (8 years or 20) at least for the transition period. The main point is to consider your tax situation (such as no longer qualifying as a non-income tax state resident) and monetary outlays that are inherent in a career change.
And yes I know that pension being held up is a first world problem, but what else do I have to complain about.
To the OP- come in, the water’s great!