Find out the 2022 figures, and get links to some of MOAA's work protecting this benefit.
The second episode of MOAA's Never Stop Serving podcast offers expert financial advice for those leaving service. Check it out today!
Learn the 2022 figures, and find out more about MOAA's efforts to protect your purchasing power.
Retirement planning is the process of developing your retirement investing and savings goals and programs for a future retirement. Plus, it will help you create income and make your assets last throughout your retirement years. Sources of retirement income can include:
Even if you plan to make the military a career, don't assume that you military retired pay and Social Security will be enough to meet your needs. Too many people wait until their mid-to-late 40s to start seriously planning their retirement. This is a big mistake. Saving $250 a month at age 25 will yield approximately $872,000 at age 65 with an 8 percent return. Waiting until age 45 to start saving yields only $147,000 at age 65 - a $725,000 difference!
Want to know more about the Blended Retirement System? Click here for MOAA's presentation.