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I don’t think many people understand just HOW high. Aside from monetary compensation (which can range widely, and typically is made up of 25-50% tax sheltered
by CobaltFire 5y ago
I don’t think many people understand just HOW high.
Aside from monetary compensation (which can range widely, and typically is made up of 25-50% tax sheltered disability pay) there is health insurance at a maximum out of pocket of $3600/year for a family ($600 premium plus $3000 catastrophic cap), tax free shopping, discounted fuel, free flights, remarkably cheap lodging all over the US and in allied countries, and the list goes on.
The last calculation I saw for an average Senior Enlisted retiree was that you would need a lump sum of in excess of $3 million to hope to compare, invested at a decent return. Albeit that’s not completely accurate, but it’s as close as we can get given such different financial vehicles.
- blinding-streak 5y agoThe downside is that you have to serve in the military.
- jwogrady 5y agoServing ain't the bad part. Dying would have sucked.