airbornesapper
Dryer sheet aficionado
- Joined
- Jan 24, 2010
- Messages
- 41
But I joined anyway.....
Hi Folks..
Where to start. I am 48 and have been a soldier all my life. I married at 20, still on wife one, we have two kids (both college/university grads) who have left the koop.
I can stay in the service until I'm 55 even 60 but expect to leave at 50 and maybe sooner.
Reason for joining is to suck up knowledge from those that have retired early. Is it worth it? Did any of you regret it?
Everything is in place for an early retirement, I could even go now.
I am having trouble making the split, being a soldier is all I have known. My Wife is 53 this year and this factors heavily on timing my exit from the military.
Here is a snapshot...
House is paid off.
We have 200K Cdn in mutual funds. 50K cash.
Own two cars, a 2008 and 2006.
We are debt free.
I am eligible for a military pension (min 64%) which will pay 55K Cdn if I retire in 2010. I expect I will end up going out at 50 with 68%.
Max I could get from my military is 70% for 35 years of service, I have 32 years this year.
Any advice would then be most appreciated.
Yours aye....airbornesapper.
As an aside, I have just returned from a year on OEF attached to US Forces Afghanistan. I was honored to work with such fine folks, who in turn honored me with the Bronze Star Medal.
Hi Folks..
Where to start. I am 48 and have been a soldier all my life. I married at 20, still on wife one, we have two kids (both college/university grads) who have left the koop.
I can stay in the service until I'm 55 even 60 but expect to leave at 50 and maybe sooner.
Reason for joining is to suck up knowledge from those that have retired early. Is it worth it? Did any of you regret it?
Everything is in place for an early retirement, I could even go now.
I am having trouble making the split, being a soldier is all I have known. My Wife is 53 this year and this factors heavily on timing my exit from the military.
Here is a snapshot...
House is paid off.
We have 200K Cdn in mutual funds. 50K cash.
Own two cars, a 2008 and 2006.
We are debt free.
I am eligible for a military pension (min 64%) which will pay 55K Cdn if I retire in 2010. I expect I will end up going out at 50 with 68%.
Max I could get from my military is 70% for 35 years of service, I have 32 years this year.
Any advice would then be most appreciated.
Yours aye....airbornesapper.
As an aside, I have just returned from a year on OEF attached to US Forces Afghanistan. I was honored to work with such fine folks, who in turn honored me with the Bronze Star Medal.