That means if you are a 12 year E6 and plan to stay in to 20 your real total comp is closer to $130k/year, and that’s not including BAS, retention bonuses, and other compensation. And it excludes tricare and other VA benefits post retirement.
The total potential compensation for military personnel is far more comparable than it looks, but is heavily weighted to non-cash compensation.
* Apologies if I’m being too pedantic here to much, but I wanted to make sure people who aren’t familiar with the subject can understand what I’m getting at as well.
As well as the fact that many roles are tied to holding an active clearance, and while some things would be available in those amounts, debt generally is not one of them (a big opportunity cost).
So a bit more likely than the draft.
I'm technically also subject to the UCMJ for the rest of my life as well.
The "total compensation" numbers that military recruiters tout are not actually real.
I know, I lived it for 23 years.
That's the thing people don't understand about all that -- those fake numbers are including a pension that for the majority of people who are in the military will never exist.
BRS was an attempt to give those people something, so they have some TSP matching, but even that only kicks in after six years IIRC.
Also DOD healthcare is worth every penny the service-member pays for it.
It wasn’t like you could get that right of the bat.
Military experience is valuable on itself.
Yes you don’t want to stay there for whole career- but doing 5 or 10 years is going to pay off later. Just be good for your mates ;)
Also a major point not covered was defined benefits vs the 401k model.