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"A divorce, the costs of two kids' college expenses and struggles with dyslexia left Freniere calling his van his home"
My sympathy level is low. There are no loans for retirement. I just don't get people that put themselves in the poorhouse for children's college. There ARE loans for that.
His situation has nothing to do with him being a veteran. He had a succesful career for years after leaving the military. He only experience financial issues after he willingly retired from his civilian job.
Just because he was a veteran at one time doesn't mean he doesn't have to face the realities that ALL people face.
"A divorce, the costs of two kids' college expenses and struggles with dyslexia left Freniere calling his van his home"
My sympathy level is low. There are no loans for retirement. I just don't get people that put themselves in the poorhouse for children's college. There ARE loans for that.
2. Served as special assistant to General Stanley McChrystal.
3. Retired as a colonel.
4. Earns over $40,000 per year in retirement pay (for life, with annual increases).
5. Earned three graduate degrees: a master's in political science and criminal justice at the University of Cincinnati and a master's in national security and strategic studies from the Naval War College.
6. Incurred and continues to incur college expenses for his two sons, Eric (the youngest son, age 21, attending Valley Forge Military Academy and College, plans to follow in his father's military footsteps) and Bobby (older than 21 – age not given, attending community college in VA). Why aren't Eric and Bobby paying for their own college education ?
7. Incurred "debts that mounted when he maintained a nicer lifestyle." His ex-wife (ex-wife number 2) probably helped him with that, being a "colonel's wife" and all. (Charge it! My husband's a colonel in the Air Force and he's special assistant to General Stanley McChrystal.)
How do you spend 30 years in the military and not make a single friend who's willing to let you sleep on an air mattress or the sofa in the den? That's just odd to me .
4. Earns over $40,000 per year in retirement pay (for life, with annual increases).
If he gets $40,000 a year why is he living in his van ? ...
Oh you don't know do you ? ...
Quote:
Originally Posted by clevergirl05
How do you spend 30 years in the military and not make a single friend who's willing to let you sleep on an air mattress or the sofa in the den? That's just odd to me .
Do you have a den, and a mattress, to make him a friend ? ...
Yah,most people posted on Yahoo felt there was more to the story. If he did have a criminal investigation background there is no reason he couldn't get a job some place. And his son's could pay for their own college. With his degrees he should have been able to get something unless he thought he was too good for the jobs offered.
Do you have a den, and a mattress, to make him a friend ? ...
No can do. I gave up my apartment last year to travel full-time for two years . I think he should go on match.com. I'd be willing to help him write up his profile just to see how many women would "jump on it." I'm sure some of them reading the newspaper article are already saying to themselves, "He's not half-bad looking and he is an officer. Hmmm."
Quote:
Originally Posted by Weichert
True. His total pension is something around $90k (retirement in 2006 plus COLA since then)..
I'd always heard about a "10-year rule and 50% of pay," and according to DFAS (Frequently Asked Questions):
The Uniformed Services Former Spouses' Protection Act (USFSPA) authorizes (but does not require) State courts to divide military retired pay as a marital asset or as community property in a divorce proceeding. The maximum amount that can be collected for USFSPA payments is 50%.
In order for a former spouse to qualify for direct payments of retired pay as property under the USFSPA, the former spouse must have been married to the member for 10 years or more during which the member performed at least 10 years of service creditable in determining the member's eligibility for retired pay (the 10/10 requirement).
So, it appears ex-wife #2 is getting half of his retirement pay. Ahhhh, marriage. Ain't it grand ?
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. I think he should go on match.com. I'd be willing to help him write up his profile just to see how many women would "jump on it." I'm sure some of them reading the newspaper article are already saying to themselves, "He's not half-bad looking and he is an officer. Hmmm."
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