Retirement/Pension

2024 Retired Military and Annuitant Pay Dates

Updated: December 28, 2023

The Defense Finance and Accounting Service (DFAS) establishes, maintains and pays military retirees, surviving spouses and other family members. Here are the 2024 military retiree and annuitant pay dates.  Military retiree paydays always fall on the first day of the month, except when the first day is a holiday or weekend. In those cases, the […]

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Military Retirement Requirements

Military Retirement Requirements

Updated: May 2, 2023

Military retirement means many different things– income, lifestyle, and spending changes. But what does it take to qualify for military retirement? This article focuses on the requirements for retirement eligibility rather than individual military retirement plans such as High 36, Redux, or the Blended Retirement program. There are some basic military retirement qualification rules–these are […]

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Reserve & National Guard Retirement Points

How To Calculate Reserve or Guard Retirement Points

Updated: May 2, 2023

For Reserve and Guard service members, calculating military retirement pay is an important part of financial and life planning. Eligibility to receive military retirement pay is based on service points earned during service. Those points rely closely on the professional choices a service member makes. Do you need to know how to calculate Reserve or Guard […]

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Military and Civil-Service Pensions

Military and Civil-Service Pensions

Updated: April 11, 2023

Many members of the U.S. military seek to secure a federal job after they retire and separate from their branch of service. One of the most common questions these people have is whether or not you can draw a military pension and a civil service pension at the same time. Military retirement and civil service […]

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Calculating military retirement pay

Military Retirement Calculators

Updated: April 11, 2023

Military retirement calculators for retirement pay, BRS, High-3, Redux, COLA, Thrift Savings Plan, by service, comparison calculators and more. Military Retirement Compensation Calculators Service Specific Military Calculators and Resources USA.Gov – Find information on basic pay, pensions and retirement benefits for service members, veterans and military retirees, including whom to contact with questions and concerns. […]

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States That Don’t Tax Military Retirement Pay

Updated: January 5, 2024

Here’s your 2024 list of all 50 states that exempt (or don’t exempt) military retirement pay. Depending on the state, you may pay no income tax, or you may find your military retirement pay exempt from taxation up to a certain dollar amount. States That Don’t Tax Personal Income The following states don’t require military […]

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survivors' pension

2024 Survivors’ Pension Rates

Updated: November 29, 2023

The 2024 survivors’ pension rates will see an 3.2% increase based on the Social Security Administration’s cost-of-living adjustment increase.  Survivors’ pension rates for 2024 are effective Dec. 1, 2023. Annual COLA increases determine the payout for several military and veteran benefits, including survivors’ pensions. See our COLA increase watch for the most recent updates on […]

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Veterans Pension Rate Table

2024 VA Pension Rates

Updated: November 30, 2023

VA Pension rates will jump 3.2.% in 2024. It follows the Social Security Administration announcing a 3.2% cost-of-living adjustment (COLA) increase. The 2024 VA pension rates start on December 1, 2023. This article reviews the current VA pension rates and guidance on whether or not you may qualify. Veterans who qualify for a VA pension […]

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American Flag Aid And Attendance

Aid and Attendance

Updated: November 29, 2023

Veterans and survivors who receive a pension from the Department of Veterans Affairs may be eligible for additional Aid and Attendance benefits if they live in nursing homes or need in-home care with everyday activities. Monthly Aid and Attendance payments supplement VA pension benefits for those who meet the basic qualifying criteria. What Is the […]

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MAPR - Maximum Annual Pension Rate

Maximum Annual Pension Rate (MAPR)

Updated: November 30, 2023

Those who qualify for VA pension benefits are paid an amount based on the difference between your countable income and a limit that Congress sets called the Maximum Annual Pension Rate (MAPR). What is defined as countable income? This is basically how much money you bring in each month including retirement funds, investment dividends, Social […]

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