Originally Posted by SonnyJim
I have been working on living on just my retirement paycheck now and saving everything else, so the conversion should be more or less painless.Sonny
I'm curious by what you mean here. As an 06 I assume by the time you retire you'll have over 20+ years. An 06 with over 22 years is making over 9K per month. Your pension should be in the 60K range if not higher. Will it really be difficult for you to live well on 60+K per year? I also will assume you've been participating in TSP, and you've been able to save a good bit of your salary during your career.
Some of these guys who have responded were enlisted. One guy was an E7. Now if those guys are worried about being able to make ends meet, I can get that. Their pensions are under 30K a year, and their salaries are vastly lower, so it is far harder for them to save income, particularly if they have families.
Well, in sum, congrats on your promotion! As far as I can see, you have it made.