Blog Archives

Establishing a Retired Pay Account

Much of the preparation for the retired pay account should be done before separation. Retired Pay Operation will answer any questions you may have concerning the establishment of your retired pay account. Your retired account will not be established until your active duty account reflects the fact that you have been released from active duty. This is required to expedite the establishment of your account. It is important that your command closes your active duty account. Your account cannot be established until this action...

Some Veterans Groups Support New 401(k) Retirement Plan

A controversial retirement overhaul is one of 15 recommendations from the congressionally mandated Military Compensation and Retirement Modernization Commission. In January, after nearly two years of review, the commission released the proposals designed to give troops, retirees and their families more benefits options while saving the Defense Department $12 billion a year in personnel costs by 2040. Organizations that represent U.S. combat veterans, including the Veterans of Foreign Wars of the United States and the Iraq...

Prepping for Retirement with an Individual Transition Plan

Returning to civilian life is a complex undertaking. Many steps must be taken, and many questions must be answered. Transition assistance staff, personnel office staff, relocation specialists, education counselors, and many others can help, but only you and your family can make the critical decisions that must be made. A good beginning is for each departing Service member to develop an Individual Transition Plan (ITP). The ITP is your game plan for a successful transition back to civilian life. It is a framework you can use to fulfill realistic...

back to top