Many military retirees face difficult roads when reentering civilian life. While some are fortunate to embark on a second career — the insurance industry has long made an effort to recruit veterans — others may face more serious challenges such as homelessness.
The pandemic has made it even tougher for former military personnel looking for a civilian job, with the unemployment rate caused by the lockdown and business closings posing a major obstacle.
This year's leavers will include the last U.S. forces withdrawn from Afghanistan. In deciding where to settle down, they must consider how state tax policies on military benefits vary, how friendly different job markets are, and other socioeconomic factors.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
