Hellow guys, Welcome to my website, and you are watching How Much is the Military Pension Worth? (Millions). and this vIdeo is uploaded by Jake Broe at 2019-09-11T12:30:58-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How Much is the Military Pension Worth? (Millions) |
| Video Uploader | Video From Jake Broe |
| Upload Date | This Video Uploaded At 11-09-2019 19:30:58 |
| Video Discription | Please Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 http://bit.ly/BroeSubscribe Be sure to check out my entire video playlist on Military Finance and Investing topics: https://www.youtube.com/playlist?list=PLscTZuOqKWIycpttIOB044CBFLdPpgiYu 👇 👇 Watch My Other Videos Here 👇 👇 ★ Be a Military Millionaire - Use Your Government TSP https://youtu.be/KwyLNsQHJHs ★ Know Your TSP - The Thrift Savings Plan Investment Funds G/F/C/S/I https://youtu.be/4FwQYh9K5nY ★ Military Officer Pay - What does a Lieutenant make? (O-1/O-2) https://youtu.be/VQ7zUWuyvso 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 https://amzn.to/2u77v0X ► My Wide-Angle Lens 👉 https://amzn.to/2Qwf3Sq ► My Wireless Microphone 👉 https://amzn.to/2QBV9W0 ► My Shotgun Microphone 👉 https://amzn.to/36bdLTv ► My Lighting 👉 https://amzn.to/2F5Ey7V ► My Light Diffusers 👉 https://amzn.to/2tjF8fG ► My GorillaPod 👉 https://amzn.to/2Q94aqI ► My Tripod 👉 https://amzn.to/37kBnVQ ► My SD Card 👉 https://amzn.to/36dP3Sy ================ 📚 📚 Books That Changed My Life 📚 📚 📗 How to Win Friends & Influence People 👉 https://amzn.to/2F3ahGC 📕 Dumbing Us Down 👉 https://amzn.to/2spodrZ 📘 Quiet - The Power of Introverts 👉 https://amzn.to/36b2ti3 📙 The Red Queen 👉 https://amzn.to/2QzNW8W 📔 Alexander Hamilton 👉 https://amzn.to/2sn5eOJ 📒 A People’s History of the United States 👉 https://amzn.to/2spnV4p ================ In this video I give the example using the Blended Retirement Calculator on the defense.gov website: BRS Comparison Calculator: https://militarypay.defense.gov/Calculators/BRS/ In my example, I ran the numbers for a person born in July of 2001 who entered service at 18 in July of 2019, served 20 years, and lied to be 85. Total pension benefit = $3,813,000 Assuming over the course of an individual's career they work 40,000 hours. I would then calculate that this person is earning $95 an hour in future pension benefit payouts. If this enlisted person were to do just a six year enlistment and walk away before completing the 20 years, they would be giving up $1,144,000 in future pension benefits. Running my personal numbers we have to be in the High-3 Legacy retirement system since I did not opt-in to the new system. High-3 Calculator: https://militarypay.defense.gov/Calculators/High-3-Calculator/ I was born in May of 1984 and joined in April of 2016 at the age of 32. I plan to do 30 years and live to be 85. Total pension benefit = $4,596,000 Assuming I work 40,000 hours over a 20 year period, I am making $115 an hour in future pension benefits. If I were to leave after 5 years, I would be giving up $1,149,000. If you are in the Reserves or National Guard, you cannot start collecting your pension until you are 60 after meeting the point qualifications. Final Pay Calculator: https://militarypay.defense.gov/Calculators/Final-Pay-Calculator/ REDUX Calculator: https://militarypay.defense.gov/Calculators/REDUX-Calculator/ RMC Calculator: https://militarypay.defense.gov/Calculators/RMC-Calculator/ SCAADL Calculator: https://militarypay.defense.gov/Calculators/SCAADL-Calculator/ ================ 💯 LET’S CONNECT 💯 📷 Instagram @JakeBroe 👉 https://www.instagram.com/jakebroe/ 🐦 Twitter @BroeJake 👉 https://twitter.com/BroeJake 👥 Facebook @ [coming soon] 👉 [coming soon] 📧 E-mail me at: [coming soon] ================ #MilitaryRetirement #MilitaryPension #MilitaryBenefits ================ DISCLAIMER: This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video. ADVERTISER DISCLOSURE: Jake is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Additionally, other referral links are included and this channel does receive compensation for sending traffic to partner sites. Shopping through our links is an easy way to support the channel and we appreciate and are super grateful for your support! military pension, military pension pay, military pension benefits, military pension explained, military retirement pay, military retirement, military retirement benefits, cola for military pension, military retirement explained, retiring from the military, military retirement process, military retirement plan, blended retirement calculator, military pay and benefits, military finance, military investing, Retirement planning, military money, Military benefits |
| Category | People & Blogs |
| Tags | military pension | military pension benefits | military pension explained | military pension pay | military retirement | military retirement pay | cola for military pension | military retirement explained | retiring from the military | military retirement benefits | military retirement process | military retirement plan | military pay and benefits | Military benefits | blended retirement calculator | military finance | military investing | Retirement planning | Military money | finnace | investing |
