|
|
09-08-2007, 11:57 AM
|
#1 |
|
Thinks s/he gets paid by the post
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 2,187
|
Military Retirement from USAA
Most military folks have many considerations and many references regarding retirement. This is one more.
https://statmc.usaa.com/mcontent/sta..._08_2007_09-11
__________________
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx In dire need of: faster horses, younger woman, older whiskey, more money. |
|
|
|
09-08-2007, 07:33 PM
|
#2 |
|
Full time employment: Posting here.
Join Date: Aug 2002
Location: Virginia, and Caribbean snowbirds in winter
Posts: 853
|
Don't know if it's been posted, but for military retired who chose SBP, the law was changed so it's paid up at age 70, if it's been paid for at least 30 years. So that's another 200+ a month, something to look forward to at 70.
|
|
|
|
|
09-09-2007, 12:03 AM
|
#3 | |
|
Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 15,103
|
Quote:
Considering that the CSB/REDUX cohort is just starting to retire, I'm surprised (and gratified) to see USAA explain it so well.
__________________
* * For more info see "About Me" in my profile. |
|
|
|
|
|
09-09-2007, 05:54 PM
|
#4 |
|
Full time employment: Posting here.
Join Date: Jun 2007
Posts: 542
|
Rejected SBP. Told DW I wanted to be worth more alive than dead. No use giving her any ideas.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it. |
|
|
|
|
09-09-2007, 08:46 PM
|
#5 | |
|
Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 15,103
|
Quote:
Spouse agreed that she didn't want any SBP from me, either, and she expects to have a bigger pension than me. I don't see any reason to pay for SBP from her since she'll probably outlive me anyway. What about life insurance? AFAIK we don't have any of that on me either...
__________________
* * For more info see "About Me" in my profile. |
|
|
|
|
|
09-09-2007, 10:30 PM
|
#6 | |
|
Full time employment: Posting here.
Join Date: Jun 2007
Posts: 542
|
Quote:
Do not have any life insurance either. No debt and kids through college and in productive jobs.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it. |
|
|
|
|
|
09-10-2007, 06:11 AM
|
#7 |
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Dublin, Ohio
Posts: 1,394
|
15% SBP taken in 1979 Premium free in 2010 (70th birthday). Took the "hassle free" amount (no spousal consent needed at that time for the minmium). Life Insurance: Just a very small policy that was taken from AAFMAA which became premium free in 1996; taken solely for the "dependents assistance" service provided for the spouse. Actually, I do expect the wife to draw the SBP and it will probably actually pay her monthly utilities for the house (maybe).
Mickyd: thanks for the link, USAA does a good job on just about everything they do.
__________________
Proud Vietnam Veteran: Cu Chi 66, 1/25th, HHC 25th and Pleiku 66-67 41st Sig Bn 1st STRATCOM |
|
|
|
|
03-13-2008, 05:26 PM
|
#8 |
|
Recycles dryer sheets
Join Date: Jan 2007
Posts: 254
|
This is a great booklet, thanks for posting it! I don't know how I missed it when you first put it up. DH will be getting to the 15-year point before too long and way in the back of my mind was that I'd need to figure out about the high 3 vs redux issue. Problem solved! Plus a good explanation of the SBP!
I'm definitely saving it for future reference...
__________________
|
|
|
|
|
03-14-2008, 02:52 AM
|
#9 | |
|
Recycles dryer sheets
Join Date: Mar 2007
Location: Bavaria, Germany
Posts: 99
|
Quote:
Downloaded and printed. Thanks- |
|
|
|
|
 |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Military Medical Retirement <20 years | Fireup2025 | Young Dreamers | 13 | 08-18-2007 05:43 AM |
| collecting full social security and military retirement? | miatagirl | FIRE and Money | 15 | 01-23-2007 12:58 PM |
| Flexible retirement options for military | FlowGirl | Young Dreamers | 9 | 03-05-2006 06:12 PM |
| "Military retirement" may be oxymoronic | Nords | FIRE and Money | 39 | 07-06-2005 08:53 PM |
| How to figure military retirement into plan? | SonnyJim | Young Dreamers | 19 | 06-29-2004 06:42 PM |
Linear Mode
