They say you can’t get rich in the military, but I’m not so sure. No, there won’t be any huge windfalls from a stock option package. No, you won’t crush your salary negotiation when you PCS to a new job. Hey sir, I’d like to review my salary (that’s not going to go well!). And no, the only equity you’ve got in your “company” is sweat equity, and plenty of that.
While all of that is true, there are some sweet financial advantages to serving in uniform. Here are six that may not translate to overnight wealth, but could create financial security for a lifetime:
Do you feel more financial secure due to your military service? Share your advice in the comments.
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About the Author: JJ Montanaro is a Certified Financial Planner® professional and part of the Military Affairs team at USAA. He’s a graduate of the U.S. Military Academy and has over 20 years of financial planning experience.
* Disclosures: "Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it awards to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements."
The information contained is provided for informational purposes only and is not intended to substitute for obtaining professional financial advice. Please thoroughly research and seek professional advice before acting on any information you may have found in this article. This article in no way attempts to provide financial advice that relates to all personal circumstances.
No Department of Defense or government agency endorsement.
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