exiting the military

Separating from the U.S. military and transitioning to civilian life is a complex life change. It impacts your finances, benefits, and insurance, as well as your lifestyle. Whether you are retiring after many years of military service or have decided not to enlist after your initial commitment is fulfilled, you are embarking on an exciting new chapter in life. You have many options ahead for work, education, and residence.

One of the first priorities for exiting the military is finding a job and continuing your career. Several job search options are available for those exiting the military.

Preparing for Your Job Search

In case your search takes longer than expected, some belt-tightening may be in order. Take a closer look at your budget and see what changes may be needed. How much do you have in cash reserves?

Consider the other military benefits you may be leaving behind and how those will be replaced. Untaxed housing allowances or life insurance policies are just two examples.

Expenses and Benefits

Taking plenty of time to gather information, carefully considering your options and weighing your own and your family’s wants and needs will help ensure that you make the right decision.

Financial Guide for Military Families

Moving and Relocating

This time, you and your family get to decide where you will live and how long you will stay there. For some, that is a time to celebrate; for others, it is a time of uncertainty. Either way, doing your homework and having open discussions with your family will make the transition easier.

As the final months of your military service wind down and before you make the transition to civilian life, make sure you do these things:

  • Locate your Active Duty Discharge form and make sure to keep it in a safe place.
  • Take advantage of any physicals or dental appointments still available to you and your family.
  • Make sure your military records are correct.
  • Identify all the benefits you and your family are eligible for.
  • Update your will.