Military Retirement

**Military Retirement - Your Guide to Retirement Benefits** Military Retirement is a comprehensive app designed to assist military personnel from all branches in understanding and estimating their retirement benefits. This app provides an accurate estimation of retirement pay based on the information you enter, helping you plan and compare different retirement scenarios. **Key Features:** - **Retirement Pay Calculation**: Estimate your retirement pay based on your rank, years and months of service, and date of retirement. The app also accounts for time in rank of less than three years. - **Survivor Benefit Plan**: Calculate potential benefits and premiums under the Survivor Benefit Plan. - **TRICARE Medical Insurance**: Explore your TRICARE medical insurance options and premiums. - **Disability Pay**: Estimate your disability pay based on your disability rating. - **Veterans Group Life Insurance (VGLI)**: Calculate coverage options and premiums for VGLI. - **Federal Taxes**: Estimate your federal tax obligations based on your filing status. **Why Choose Military Retirement?** - **No Login Required**: Start using the app immediately without the need to create an account. - **Privacy Focused**: No personal identifying information is required, and your data remains secure on your device. - **Accurate and Detailed**: The app uses detailed algorithms to provide the most accurate estimates possible, helping you make informed decisions about your retirement. - **Multiple Retirement Plans Supported**: Works for Active Duty and Reserve/Guard personnel across various retirement plans, including Final Pay, High-3, BRS, and CSB/REDUX. **Note**: The information provided by Military Retirement is intended for educational and informational purposes and should not be used as the sole basis for retirement planning. Military Retirement is developed by Lynnfield LLC, a disabled-veteran owned company, committed to supporting military personnel in their transition to retirement.

**Military Retirement App User Guide** Welcome to Military Retirement, the app designed to help military personnel from all branches understand and estimate their retirement benefits. This guide will walk you through the key features and help you make the most of the app. ### 1. **Getting Started** #### Download and Install - Visit the Google Play Store or Apple App Store and search for "Military Retirement." - Download and install the app on your smartphone or tablet. #### Open the App - Simply open the app—no login or account creation is required. ### 2. **Calculating Retirement Pay** #### Enter Your Details - On the main screen, select "Retirement Pay" to begin estimating your retirement benefits. - Enter your rank, years and months of service, and your expected retirement date. - The app will calculate your estimated retirement pay based on the entered information. #### Adjusting for Time in Rank - If you have less than three years in your current rank, the app allows you to enter this information to adjust the calculation accordingly. ### 3. **Survivor Benefit Plan (SBP) Calculation** #### Calculate SBP Benefits - Select "Survivor Benefit Plan" from the main menu. - Enter the necessary details to calculate potential SBP benefits and premiums. - Review the results to understand how the SBP might impact your retirement income and plan accordingly. ### 4. **TRICARE Medical Insurance** #### Explore TRICARE Options - Go to the "TRICARE Medical Insurance" section to explore your options. - The app will provide information on available plans and estimate premiums based on your specific situation. ### 5. **Disability Pay Estimation** #### Estimate Disability Pay - Select "Disability Pay" from the menu. - Enter your disability rating to estimate how it will affect your retirement pay. - Review the calculation to see how disability pay will integrate with your overall retirement benefits. ### 6. **Veterans Group Life Insurance (VGLI)** #### Calculate VGLI Premiums - Choose "Veterans Group Life Insurance" from the menu. - Enter the desired coverage amount to calculate your VGLI premium. - This helps you understand the cost and coverage options available through VGLI. ### 7. **Federal Tax Estimation** #### Estimate Your Tax Obligations - Select "Federal Taxes" from the main menu. - Input your filing status and other relevant tax details. - The app will estimate your federal tax obligations based on your retirement pay and other benefits. ### 8. **Comparing Retirement Scenarios** #### Run Multiple Scenarios - Use the app’s ability to save and compare multiple retirement scenarios. - Adjust different variables such as retirement date, rank, and years of service to see how they impact your benefits. - This feature is especially useful for making informed decisions about when and how to retire. ### 9. **Safety and Privacy** #### Data Security - All data entered into the app remains on your device and is not tracked or stored elsewhere. - No personal identifying information is required, ensuring your privacy and security. ### 10. **Support and Updates** #### Accessing Help - If you need assistance, visit the "Help" section within the app. - Here you will find FAQs and tips for using the app effectively. #### Staying Updated - Ensure your app is updated regularly to benefit from the latest features and improvements. ### 11. **Important Notes** - The calculations provided by the Military Retirement app are for educational purposes and initial planning. They should not be used as the sole basis for financial planning, as actual figures may vary slightly. By following this guide, you can effectively use the Military Retirement app to estimate your retirement benefits, explore different scenarios, and make informed decisions about your future. Whether you’re planning to retire soon or just starting to consider your options, this app provides the tools you need to understand your military retirement benefits.