A pension plan is pool of money created by employer contributions that are then used to fund payments made to eligible employees after retirement. There are two main types: defined benefit plans and lump-sum payments. Traditional plans have become increasingly rare in the U.S., and have largel...
Combat pay is only exempt from federal taxes and most state taxes. So, you should not see any specific differences due to your deployment. Were Military Retirees or Retirees from the Federal Employees Retirement Systems (FERS) affected?
If you've got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won't be forced tolower your safe withdrawal ratein retirement like those of use who don't have pensions. This post will help you calculate the value o...