From Salutes to Handshakes & Fist Bumps: Going Civilian 101

Starting Your Civilian Job will require many financial adjustments. The following cheat sheet should help cushion the blow of your transition.

  • Research alternatives for medical and dental insurance provided through your new employer.
  • Compare to TRICARE to find the best value.
  • Evaluate your employer’s offerings for disability insurance.
  • If your new employer does not offer coverage, research additional alternatives.
  • Evaluate your new employer’s retirement plan and associated benefits against your TSP. Consider the benefits of rolling:
    • Your TSP into your new employer’s retirement plan.
    • Your TSP into a separate IRA.
    • Any tax-free combat pay into a Roth IRA.
  • Update your budget and adjust your emergency fund savings, if necessary.
  • Update or create a retirement plan based on your new earnings.
  • Look for an advisor that can help you with your retirement planning such as a fee only CERTIFIED FINANCIAL PLANNER™ practioner.
  • If you move to a new state, assess your estate planning documents for potential changes.

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