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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👍 Like this video if you found it helpful, and share it with a fellow service member who might benefit from these tips.Thank you for your support and for tuning in to "The Transitioning Warrior" where we help you navigate the shift from military to civilian life with confidence.
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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May 24 202439 mins