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Old Yesterday, 08:56 PM
 
Location: Staten Island, NY
6,659 posts, read 5,449,901 times
Reputation: 5532

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Poncho, struck a nerve? I was responding to your post where I gathered you were explaining how you were able to live off of your military pension. Based on how much you say you have collected, you have been retired awhile. While I am happy to see it worked for you, it doesn’t work well nowadays. Because, as I said, it’s pennies. It is no longer possible to leave the military at 38-40 and never work again, period, end of story. I left because I realized that was the case and didn’t want to serve Uncle Sam forever. Thirty years in my current career will yield a 6 figure pension.

I’m 39 now. I’d have been eligible to retire in January. $3000-4000 a month for 40 years or so? That’s pennies now and will be scratch then. It wasn’t meant as a “dig”, it’s true.
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Old Yesterday, 09:03 PM
 
Location: Staten Island, NY
6,659 posts, read 5,449,901 times
Reputation: 5532
Quote:
Originally Posted by Pyramidsurf View Post
It really is.

I work with a couple retirees. I started working on my civilian career after getting out and worked my way up. I make more than the retirees do with their pension, disability, and, medical and I'm two decades younger. It's nice to have, but I figured early on there's easier ways to make a living. My coworker is a retired O-5 and still works. I think he makes about the same amount our boss makes when you add in his pension.
Obviously I agree.

One of my good buddies has been in the Army for 27 years. We talk finances occasionally. Heís an E9. I make double his salary and my pension will make his look like a joke. I donít say that to be a johnson. I say it because itís pathetic that his decades of service will see him with basically vacation money (if his next job gives him vacation).

I was set to ETS just after 9/11 and due to the events, was going to re-up. That same buddy convinced me to leave (my current career was all set to start). I thank him every so often and wish he did the same. He deserves it.
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