Military personnel retiring from service have to deal with a plethora of economic, social and health-related issues as they readjust to civilian life, the personal finance website WalletHub notes in a report released Monday.
Servicemembers become eligible for retirement after 20 years of service, meaning many retire in their 40s. Some veterans who have faced active combat struggle with disability and post-traumatic stress disorder; others are homeless.
In deciding where to settle down, veterans must consider not only economics but socioeconomic factors, such as how state tax policies on military benefits vary and relative friendliness of different job markets.
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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.
