Transitioning from Military Service to Civilian Life

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An orthopedic surgeon shares their financial journey in the military, reaching milestones in net worth and retirement savings, before deciding to move to a civilian job in Minnesota. The chapter delves into the intricacies of military pay, retirement systems, wealth building strategies, and the financial considerations of transitioning out of the military.

Today we are celebrating this orthopedic surgeon completing his military commitment and becoming a millionaire. This doc served our country for 16 years and is now moving to a civilian job. They are moving from California to Minnesota and are looking forward to a dramatic salary increase and cost of living decrease. He worked hard moonlighting on the side and grew wealth by avoiding debt, and putting finances first. For finance 101 we are talking about itemizing deductions.

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