Veterans in Transition, episode 2. "Avoiding the COLA Trap. Selecting the right retirement date."

KEY TAKEAWAY

👍 Your retirement date must be on the 1st of the month

👍 Annual COLA and inflation adjustments affect your retirement pay

👍 Historically, you should avoid retiring on July 1st

👍 The best months to retire are usually March (best), June, September, and December 1st

👍 In addition to your accrued leave, you also get 20 days of permissive TDY (CONUS) or 30 days (OCONUS)

👍 Career Skills Program or SKillbridge must be within 180 days of retirement

👍 In this example, 3 month Skillbridge + 1 month PTDY + 60 days of accrued leave = 6 month transition

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Disclaimer: SFC Lexi O'Hara is an AI generated avatar. We are not responsible if she goes rogue and starts WWIII. The opinions expressed are the authors own and do not represent the DoD or any other organization.

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In this episode of Veterans in Transition, Robert Solano shares his journey toward military retirement and the pivotal decision of when to announce his transition. From navigating career opportunities to choosing the right time to communicate your plans, Robert discusses his choice to announce early and how it shaped his transition. Joined by his battle buddy and A.I. cohost, Sergeant First Class Lexi O'Hara, the two dig deep into the nuances of timing your announcement, handling second-guessing, and keeping doors open while maintaining peace of mind. Tune in for: - Practical tips for deciding the right time to announce retirement. - Insights on weighing career goals against family needs and personal growth. - The importance of keeping your options open if you're uncertain. - The military joke of the day to keep things light! Whether you're an active service member contemplating your next chapter or a vet navigating civilian life, this episode is packed with valuable advice for transitioning warriors. Subscribe to our channel for more episodes like this and leave a comment to let us know your thoughts! #MilitaryRetirement #TransitioningWarrior #Veterans #MilitaryCareer #PodcastEpisode #TransitionAdvice