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Military Families Military Families

Question???!!!

Posted by on Mar. 29, 2013 at 8:40 PM
  • 15 Replies
Hey y'all,

My hubby is considering retiring this yer after 15 years instead of going the whole 20 in the Army. He is just tired of missing out on so much of the kids lives and stuff. He is thinking of going ahead and retiring this year at 15 years instead of doing the whole 20. I am trying to figure out what are someone the pros and cons of this. If any of you know anything about the differences in retiring at 15 instead of 20 please let me know. Thank you so much!
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by on Mar. 29, 2013 at 8:40 PM
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Replies (1-10):
4ever-SJ
by Gold Member on Mar. 29, 2013 at 8:48 PM
Are they still offering that option?
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TonyaLea
by Silver Member on Mar. 29, 2013 at 8:53 PM

I was wondering the same thing.  The only time I have ever heard of the Navy offering it was when sailors were being cut as part of the force reduction...some of them were offered 15 year retirements instead.

Quoting 4ever-SJ:

Are they still offering that option?


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PinkButterfly66
by on Mar. 29, 2013 at 8:54 PM

Big loss on bennies for one.  

CortezDeCrock
by Member on Mar. 29, 2013 at 9:01 PM
Last he checked they were still offering it. I think it was called TERA or something like that. I don't know sometimes my hubby just gets frustrated and speaks irrationally about retiring.


Quoting 4ever-SJ:

Are they still offering that option?

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cocoroo
by Coco on Mar. 29, 2013 at 9:35 PM
I wouldn't encourage my dh to do it if it were an option.
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MrsDavidB25
by Stacey on Mar. 29, 2013 at 9:54 PM

 

Quoting 4ever-SJ:

Are they still offering that option?

 I know the Marines sent out this message 2 days ago for all Majors (or major select) and higher. Perhaps other branches followed suit.

MrsDavidB25
by Stacey on Mar. 29, 2013 at 9:55 PM

 Also, there was an 'early out' option that was released. That is a one time lump sum.

jas_momof2
by アニメの雌犬 on Mar. 29, 2013 at 9:56 PM

Less money

Anonymous
by Anonymous 1 on Mar. 29, 2013 at 10:04 PM

Read this article Early Retirement a Good Deal? Not So Much  then click on the calculation article.  Then you and your husband have to make a decision on all the pros and con's and especially with this economy. 

TonyaLea
by Silver Member on Mar. 29, 2013 at 10:07 PM
2 moms liked this

LOL, mine threatens weekly to quit and become a ski insturctor.  :)

Quoting CortezDeCrock:

Last he checked they were still offering it. I think it was called TERA or something like that. I don't know sometimes my hubby just gets frustrated and speaks irrationally about retiring.
Quoting 4ever-SJ:

Are they still offering that option?


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