In May, I suggested readers focus on their personal economy in the current financial crisis. Now, I'll discuss some of the financial challenges and pitfalls fully retired servicemembers might be facing.rnA significant advantage military retirees have over many of their civilian counterparts is once they start drawing Social Security they benefit from at least two sources of COLA-adjusted income. This provides retirees with a secure base income, which -if used wisely - can meet basic living needs in most areas of the country.
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