Retirement Pay and Reservist Duty If you serve in the military reserves or National Guard, you might qualify for military retirement pay after 20 years. Reserve duty is part-time, so the amount is adjusted to compensate.Points are awarded for each day of service, with the total divided by 3...
However, in the case of CDs, you’ll normally pay a small prepayment penalty if you liquidate the certificate before the stated term is over. Retirement Plans The contribution retirement plans make to liquid net worth might be the most misunderstood of all personal assets. ...
Net worth is a figure that is calculated by subtracting the sum of your liabilities from the sum of your assets. In other words, it would be left over if you were to pay off all of your debts with what you own outright. Here’s What the Formula Looks Like: Assets (What You Own) ...