Is Military Retirement Worth It? | Valuing Military Retirement w/ The Enlisted Money Guy, Brandon Lovingier #174

The military retirement is one of the best benefits in the world... but is it worth the cost in years of your life?

Summary:

• How is military retirement pay calculated
• Military retirement can be worth at least $1,500,000!
• Benefits for military retirees
• Intangible benefits of military service
• What veterans miss about the military after retirement

Links:

• Enlisted Money
• @enlistedmoneyguy on Instagram
• Brandon's blog post- Is Doing 20 Years in the Military Worth it?
• past episodes w/ Brandon include:
  • ep 96- Enlisted Money Basics
  • ep 128- Continuation Pay
  • ep 143- DCFSA

Brandon Lovingier, ChFC®, MQFP®, joined the Army right out of high school and has served over 19 years. He wasn’t always good with money, but now his family is debt-free and building wealth. He established Enlisted Money to help enlisted service members avoid his mistakes. He earned his Chartered Financial Consultant – ChFC® designation in 2022 and Military Qualified Financial Planner – MQFP® in 2023. He received The American College of Financial Services NextGen Financial Professional Award for 2024. He’s spoken at MilMoneyCon and loves mentoring other service members on their own financial freedom journey.

For a limited time, Spencer is offering one-on-one Military Money Mentor sessions! Get your personal military money and investing questions answered in a confidential coaching call.

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If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [e-mail].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

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The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.