Your Military Money: 2008 Military Pay Table

The proposed 2008 military pay table is available at Military.com.

Site Baseline Questions

1. What is a military retirement worth? (What would an annuity cost that would throw off the income that a taxable military retirement does?)
2. How much life insurance would you need to offset the benefit of the Survivor Benefit Plan(SBP)? Is the SBP the best way to insure income for my spouse?
3. Should I roll my Thrift Savings Account plan into a traditional IRA? If so, how should I allocate my proceeds?
4. What are my retirement benefits? What does the VA have to offer?
5. How much will my health care benefits cost? How much freedom of choice will I have?
6. Will I be able to keep my dental care coverage? What about my family?
7. Where will my children be able to attend college and be charged as "in-state" residents?
8. Where can I live so that my military retirement income is tax-free?
9. What will my cost of living be in retirement? How can I make up the difference?
10. What life insurance programs will I be eligible for? Other than SBP, how much do I need?

Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of investment strategies mentioned may not be suitable for everyone. Any examples provided are hypothetical and for illustrative only, as they should not be considered reflective of expected results.

The author is not a professional financial counselor or paid financial advisor. Before investing, do your homework and make sure you understand the risks.

Your Military Money

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Thursday, October 11, 2007

2008 Military Pay Table

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