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Early Military Retirement And Active Duty Time
For a very long time, early military retirement and active duty time has been an issue of debate. It is believed that deal offered is too good wherein a person can retire by the time he or she turns forty, get another job as a civilian and still continue to get military retirement benefits. |
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When it comes to early military retirement and active duty time, you can retire as long as you have served for 20 years. This means that you will get the retirement benefits which usually amount to fifty person of the pay while you were in service and in active duty. However, if you wait to retire after 30 years, the terms of early military retirement and active duty time get even better. You will receive a monthly payment amounting to seventy five percent of your pay.
The reason why many military personnel are opting for early military retirement and active duty time, because they can retire while they are young and still have another 20 years of employability as a civilian; thus building up their retirement nest egg from two sources of income.
Although the civilian world appreciates what the military does for the security of the nation, early military retirement and active duty time is quite contentious. The reason is quite simple as the retired military personnel get retirement benefits in addition to a salary as a civilian employee, thus getting money from two different sources while the civilian has to work harder to build up his retirement money to be able to afford simple things.
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The Pension Protection Act of 2006, eliminates the 10 percent early distribution tax which was normally levied on military retirement distributions if a military personnel withdrew the money before reaching the age of 59 1/2. 
