2014 Retirement Choices

Abstract

This briefing is designed to assist Marines considering the choice between High-3 retirement and a REDUX retirement with a $30,000 Career Status Bonus. For virtually every Marine, choosing REDUX/bonus results in a significant loss in retirement income over the course of a Marine s lifetime. Military retirements come in the form of pensions. Pensions are risk-free, tax sheltered, inflation-adjusted annuities with options for spousal benefits (such as the Survivor Benefit Plan) on the death of the member. Such private pension provisions are very expensive, and only a few companies offer them. But some Marines are making irrevocable choices that don t maximize their retirement incomes. This briefing addresses those choices and how decisions can be made that best suit a Marine s unique set of circumstances.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 2014
Accession Number
ADA609828

Entities

People

  • Aline Quester
  • Anita Hattiangadi
  • Lewis G. Lee
  • Robert Shuford

Organizations

  • CNA ANALYSIS AND SOLUTIONS ALEXANDRIA VA

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  • Human Systems

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Readers

  • Economics
  • Military Mobilization and Reserve Forces Studies.