FI by 2024
Recycles dryer sheets
- Joined
- Dec 29, 2013
- Messages
- 331
@ FI 2024 - My guess would be they are assuming since the military often covers living expenses (e.g. BAH, BAS), your colleagues think you are not taking into account your retirement check is going to be less than your over-all take home active duty pay. Take in account there are people who retire from the military with debt (at least with a mortgage and a car payment), and there also, your co-workers are thinking you aren't understanding the big picture. The simple math is: if all your living expenses are lower than what you are bringing in, you're golden.
Are you looking at semi-retirement or trying for full fledged "never work again" retirement?
No they know I'm taking those things into account, they just can't fathom living on ~$50K per year (which is what my retirement will hopefully be, in 2016 dollars). And they also don't believe that the $15-20K per year I'll pull from investments will add enough either. Yes. They seriously don't believe a single adult can live on $65-70K per year. One guy I spoke to said he couldn't fathom anybody living on less than $100K per year. It makes you wonder what they think the enlisted guys with families are doing. They are seriously out of touch.
I'm looking at "never work for pay" retirement. Lots of volunteering and maybe opening up my own non-profit.