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Old 09-20-2016, 07:42 PM   #41
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I'm curious as to what fiscal reasons someone would have at 20 years to punch? . . .
Am I missing something?
Well, fiscal reasons aren't restricted to just milpay issues. There are other valid $$ reasons that would cause a person to jump at 20. Examples:
-- In the hole on the house. If housing prices have taken a dive in your area, it might cost a >lot< of money to sell. So, retire instead to avoid the immediate bill.
-- Spousal employment. If your spouse is in a high paying job and the PCS would take you to a place where he/she won't make that pay, it could make financial sense to get out (and emotional sense not to accept a remote tour instead, or be a geo-batchelor)
-- Age-limited post-career opportunities, or "hot, hot hot--but maybe for only a short time" post-career gigs. A pilot wanting to go to the airlines wants to get on their ladder when he's 42 rather than 52. Well, 27 would have been better.
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Old 09-21-2016, 08:33 AM   #42
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Passed over for O-4 Geez! Did he diddle the Wing Commander's daughter or something?
Oh snap...my bad....it was O-5, not O-4.
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Old 09-21-2016, 10:23 AM   #43
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Originally Posted by alistair View Post
[This is a bit of a tangent.]

I'm curious as to what fiscal reasons someone would have at 20 years to punch? I know there are dozens/hundreds to reasons to punch for other than fiscal reasons.
...
Am I missing something?
For me it's largely non-financial. We should have enough between pension and savings that we could live fine without either of us working. Chances are we will continue working, depending on where we live, and a host of other factors.

The one financial reason is age - I'll be 42 and I'm interested in trying my hand at something else (for now). Easier to do at 42 (or 38) than other ages. Another is wife's job and remaining together... for me to do much past 20, chances are I'd have to move around a bit, so if DW comes with me that's an $85,000/yr paycut until she finds work.

From a purely financial standpoint, staying in until a 75% pension is on the table and increasing pay for ten more years makes more sense for most folks.

But again, for me, it's largely non-financial. Leading reason number one just arrived on Monday morning weighing 6lbs 6oz.
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Old 09-21-2016, 01:09 PM   #44
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But again, for me, it's largely non-financial. Leading reason number one just arrived on Monday morning weighing 6lbs 6oz.
Congrats!

Mine arrived quite some time ago and wants to finish high school without moving. I think I've only got one or two moves left in me. High on my list of reasons to punch.
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Old 09-21-2016, 02:53 PM   #45
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But again, for me, it's largely non-financial. Leading reason number one just arrived on Monday morning weighing 6lbs 6oz.
Congrats! That certainly changes the equation!
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