Highlighted
New Member

Retirement is a goal we all strive for in any career field, but getting there can be tough. When we reach that important milestone in life, we expect a certain amount of benefits. Military personnel who retire enjoy lots of benefits. With the impending drawdown and reduction of forces with the ranks, now is the time to prepare for a potential military career cut short. From Thrift Savings Plan decisions, to Individual Retirement Accounts (IRAs), or even Social Security wage credits for Veterans, many unique benefits for Military Veterans exist. Make sure to check out these and other important programs available to you! And let’s not forget that Military Retirees enjoy some added flexibility of storing and/or moving their personal belongings and household goods. Wherever you decide to call home, you’ll still enjoy the benefit of commissary and exchange privileges! According to the Defense Finance and Accounting Service (DFAS): • Retirement & Annuities Pay (R&A Pay) is your primary point of contact for matters affecting your regular and reserve retirement accounts • The VA is your primary point of contact for matters relating to disability ratings and many disability related entitlements • R&A Pay and the VA coordinate concerning offsetting and overlapping entitlements • You play a key role in informing DFAS and the VA about changes in your disability ratings, payment, contact and beneficiary information Make sure to check with credible sources to determine the truth about your Military Retiree benefits. The DFAS website can be viewed HERE. Why do you think it is important to start thinking about retirement now? What are you doing in order to prepare for your last day in the military? by Charles “Chazz” Pratt III USAA Veterans Community and Author of The Fort Living Room Transition Course www.fortlivingroom.com.

1 REPLY

Highlighted
Speaking about retirees, do you know what's being done to correct the disability/retirement injustice? Retired disabled military people are forced to offset their VA disability amount from their military retirement earnings. Or, accept 100% retirement and lost VA Military disability amount. Anyoe working to give us both amounts without offset? Paul