Veteran Future Planning Tips for Life as a Civilian

Veteran Future Planning Tips for Life as a Civilian

The difference between living life as a soldier and life as a civilian is huge. Retirement from the military is a moment of relief for many soldiers. Most soldiers start their retirement at a relatively young age; most civilians retire at age 65, where those who give full military service for 20 years can retire as early as 37 years old. Planning for such a moment of transition is extremely important. Here are some basic tips for planning retirement effectively.

Start early.

The secret behind successful planning for retirement is doing it with plenty of time in advance. According to The Balance, military retirement is different than civilian retirement because “There are no special retirement accounts, no matching funds provision, no interest. You either qualify for retirement by honorably serving over 20 years in the military, or you do not.” Ensure that you get your pension by completing the correct amount of time required to qualify for your pension.  

Find work.

Obviously, having part-time or full-time work after military retirement will help you maintain financial stability, but it can provide more than money. Finding part-time employment after retirement from military service helps with the transition to civilian life. It helps keep you physically and emotionally healthy. It fosters social connections and provides purpose. Spending time pursuing activities that you find engaging will also help to stave off the challenges of post traumatic stress.


Like other workers, military servicemen and women make a living by earning a salary in their jobs, but they also build up a pension. This means you have a lot of control over your savings and a lot of  personal responsibility for your retirement plans. To create a secure retirement, Dave Ramsey recommends paying off any debts you have as quickly as possible, and using your money to make wise investments to support a pension, such as a Roth IRA. Begin investing as early as possible.

Take advantage of retirement privileges.

Retirement, especially for a military serviceman, comes with numerous benefits. For example, veterans get to enjoy the benefit of low VA mortgage rates. The drastically reduced mortgage rates that veterans receive can be a major relief on their savings. There are many kinds of benefits like this that veterans are eligible for, including medical benefits, loans, disability compensation, education benefits, counseling services, legal assistance, state benefits, federal hiring preferences, and more.

We hope that these guidelines for planning a military retirement have been useful. Get started saving today, and you will be building the foundations for a financially secure future for yourself and your family, no matter what life throws at you. If you liked this short guide on financial preparedness ICOFUBAR, then check out our guide to survival preparedness!

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