Veterans in Transition, episode 2. "Avoiding the COLA Trap. Selecting the right retirement date."

KEY TAKEAWAY

👍 Your retirement date must be on the 1st of the month

👍 Annual COLA and inflation adjustments affect your retirement pay

👍 Historically, you should avoid retiring on July 1st

👍 The best months to retire are usually March (best), June, September, and December 1st

👍 In addition to your accrued leave, you also get 20 days of permissive TDY (CONUS) or 30 days (OCONUS)

👍 Career Skills Program or SKillbridge must be within 180 days of retirement

👍 In this example, 3 month Skillbridge + 1 month PTDY + 60 days of accrued leave = 6 month transition

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Disclaimer: SFC Lexi O'Hara is an AI generated avatar. We are not responsible if she goes rogue and starts WWIII. The opinions expressed are the authors own and do not represent the DoD or any other organization.

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