A 58-year-old single U.S. veteran has $1.53 million in assets including stocks, ETFs, index and mutual funds, a 401(k), CDs, a deferred annuity, savings bonds and cash. As a GS-12, Step 3 federal employee earning $119,356 annually and an O-5/LTC with 40 years in the U.S. Army Reserve, he must retire from the USAR at age 60. He expects to receive at least $9,000 per month before federal and California state taxes from his retirement-related benefits, Social Security and VA benefits. He will retain TRICARE and Veterans’ Group Life Insurance coverage.
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