Awhile back, I wrote about the military retirees in FL who live in gated, golf course communities, drive new cars, and have nice boats and big houses. I got my experience and information on this subject by doing well over a thousand claims involving them, over many years and storms. I lived and worked in Daytona Beach and Pensacola (each twice), W Palm Beach and central FL, to mention a few. Most people never get the chance to enter these gated communities, let alone go into the living rooms, garages and see the large pools and big boat at the dock. Most aren't dripping money, like the retired 'brass', but if you've ever spent any time in FL, you know of what I speak. This being said, I gotta add, that the HUGE majority of these folks, are wonderful people and I don't begrudge most of them their pensions. The gist of my blog is that this is one place to look at saving some money, when the gov't is quickly going broke, and SOME of these retired officers appear to be WAY overpaid, from the age they retire and the size of their estates.
Comments
Let's take a colonel with 20 years. He/she would get a pension of about $57,000.
A Master Sergeant with 25 years would receive $40,600.
Not very rich either. Most of these people have second careers where they make much more than they were paid for the military SERVICE TO THE COUNTRY.
So your analysis is faulty. And your conclusion that SOME of these retired officers appear to by WAY overpaid is also incorrect. Remember, second careers.