military pay reddit
01 Ene 2021
And medical (pretty much socialized medicine), life insurance, pension contributions, education benefits, commissary, tax free exchange, moving costs, etc. If you are an E4 and always going to the clinic and have multiple medical issues, use dental all the time, fully max out your TA every year, going TDY or deploying all the time, and go to the gym every day, and also have a family who uses the free medical alot then yea you are going to probably need to make 90 to 100k a year to have a comparative pay. Press J to jump to the feed. Retired pay: The first $5,000 is tax-free. Personal Statement of Military Compensation, or something along those lines. You're assuming best case scenarios, which almost never happen. 2011 is an example of a time of fiscal re-evaluation and possible reduction in veterans' retirement benefits. Does everyone have leadership like that? From free health insurance to half your income being tax-exempt (if receiving BAS/BAH) the benefits are immediately obvious - all of your pay is essentially disposable income. I'll give you a limited example from the area I know (law), and you can extrapolate out using similar methods to what you're considering (which I assume is STEM-related): According to the latest mandated ABA reports, my school's median starting salary is $110,000. Military pay is not all that bad—but it isn't all that great, either. If I count all the ammo I've shot then I made six figures as a grunt. However you don't pay rent or bills or anything like that. It would be hard for a high school recruit with no work experience to find a better starting wage. Will the military pay off student loans? Military income: If your total income is less than $30,000 you can deduct up to $15,000 of military pay if stationed OCONUS. Military members who are assigned or deployed to a designated combat zone are paid a monthly special pay, known as combat pay (or Imminent Danger Pay). Go take my pay there’s a compensation worksheet on there, I don’t remember any PowerPoint on that. Thanks Uncle Sam! Am I missing something here or does the military pay extraordinarily well and even better than the civilian world? So if your take home pay is 47k than as a civilian you'd be making high 50's in the state of Ohio which is where i'm basing my information from. MC makes less, so that's bad - right? Sweet! That's 15k up front and then 208 dollars for 72 months after that. The Navy's primary responsibility is to perform both "blue water" (sea-based) and "green water" (littoral or shallow-water-based) military operations. It’s a huge opportunity to take advantage of. CC - has just landed a gig promising the promised median pay of $110,000! Sweet! Rank >2 Years 4 Years 6 Years; Private (E1) $3,639.51** $3,639.51: $3,639.51: Private (E2) $4,079.25: The army will pay back your student loans (if you get it in your contract) and will pay for further education. Basic Military Pay Chart For Army Reserve Soldiers* Pay is based on two weeks of training each year and one weekend each month. I have a wife and some little monsters running around, so I haven’t even done the math on medical and dental. Yes, but not for spouses.Unfortunately, there is no military student loan forgiveness for the spouses of service members. Part 5-- Military Pay. That leaves plenty of time to shove his disposable income into strippers' G-strings. As far as 10k-20k in student debt....that amount is nothing. 2021 Pay Charts. Well, except MC qualifies for Public Service Loan Forgiveness after 10 years of minimum payments, and part of his re-contracting incentive involves money for repayment of outstanding loans. a lot of younger airman don't realize that if your TAKE HOME pay considering most of your salary is benefit based and not taxed. You'll now return to school and do normal student things for 2 more years. (sorry, no DC to suck the political dick for when your contract is up) Your BAH is $2841.00/month or $34,092/year! However, I would give the military a minor nod in this situation with regards to pay, and likely regarding work-life balance (at least in my opinion)--which many find to be an "invaluable" part of their employment. I mean im just a kid but to me military pay looks really solid especially considering how hard it is for college grads to get jobs right now in certain fields. I plan on getting out and have a job lined up making 100k plus and I am a E6. The really bad part of our pay is how it translates to civilian life. PSMC: personal statement of military compensation. You have to be married to get that much. Community for current, future, and past members of the US Air Force. That's another $3,043.56/year. Don't start spending money on things you don't really need to spend money on and you can do just fine. Remember, clear post titles get clear answers. TL;DR: Do the research on the position you want and the pay it will have at different steps compared to your own Civilian Comparison. Yup, not a … Both of these guys came out with $90k in debt. Medical Corps Incentive Pay (IP) and Retention Bonus (RB) - FY2021. Press question mark to learn the rest of the keyboard shortcuts. Military.com's Military pay charts give you all the information you need. MC can show a lower basic income and qualify for income-based repayment that will have a lower monthly minimum payments. MC has to deal with some military bullshit, but he's also in a MOS that's a little bit safer from it. This sucks. Only a fraction of a percent of Americans can pay off only their phone bill every month and fuck off with the other $1500. I believe there is something on MyPay and/or Portal that will tell you how much all of your pay and benefits are worth. Either way, military pay is outstanding. Think about that and the repercussions it has. During times of budget deficiencies and a down-turned economy, the military retirement system is evaluated in order to cut federal spending. CC has to pay $170 a month for health coverage at his firm. Cuts For Military Retirement Benefits? Appreciate it! Some regional differences are there, but usually contractors are not raking in that much over you when you consider all the expenses they have to pay out of pocket (as stated, healthcare, disability insurance, taxes, etc). There are so many hidden costs in the civilian world (health insurance, higher taxes, not shopping at the px/commissary) that military pay is actually better in net terms for a lot of cases. If you want to join, fine, but lower your expectations for pay by a few magnitudes so you won't be disappointed. That's why, as an E-3 in the barracks my PSMC was $50k. Thanks, Uncle Sam. It helps, yeah, but it's not absolutely necessary. for a kid fresh out of highschool with no "hookup" into a good job, its pretty decent pay, if you live out in town you obviously dont have to use ur full BAH either, New comments cannot be posted and votes cannot be cast. BOOOO!! As of 2016, there are roughly 330,000 Sailors on Active Duty, and 100,000 in the Navy Reserve. Only benefit I use is TA and the gym. Chart reflects Drill Pay only and does not include bonuses, allowances and other benefits. That’s way easier. Yeah everyone in this thread seems to just be forgetting how little you make after you pay off all your expenses. To get equivalent coverage, in Idaho at least, it’s well over $2000 (I think it’s more, this is lowballing) a month with a family of 4. No one is that competitive to 18 year olds with no college or real work experience. According to the proposed 2017 pay charts, with over 2 years TIS you will make $4,564.92/month--aka $54,779.04/year. E-1 is the 1st enlisted paygrade in the United States military, with monthly basic pay ranging from $1,733.10 for an entry-level E-1 to $1,733.10 per month for E-1 personnel with over 40 years of experience. Pay in the military is what you make of it. I have a wife and two kids and I've been in for 6 years. Now that’s great but I’m only taxed on my base pay. As of 2016, there are roughly 300,000 Active Duty, 100,000 Air National Guard, and 70,000 Reservist Airmen. Fuck! Note: We are going to not compare a 4402 position to the rest of the public sector, because that's too easy of a win for the military. Regular Military Compensation (RMC) is defined as the sum of basic pay, average basic allowance for housing, basic allowance for subsistence, and the federal income tax advantage that accrues because the allowances are not subject to federal income tax. civilians have little disposable income. Pay rates for officers Pay rates for general service officiers, pilots, medical, dental and legal officers. School is expensive, man. Some compensate members for assignment to hazardous or difficult duty conditions. Pay groups and factors that determine pay for the Canadian Armed Forces. Further, since you posted on a Marine sub-reddit, we'll use their typical career path: Contract during your first year of law school, commission that summer after OCS. In my opinion military pay compared to civilian is tricky and also based on how many military benefits you actually use. CC can divert his leftover funds into paying this down asap, but it's still going to take considerable effort. Tried doing math and googling the value of our benefits and can’t come up with a solid number. The calculator includes all Regular Military Compensation (RMC) including Base Pay, BAH, BAS and which portions that are taxable and tax-free. So in a broader scope its on par with some civilian jobs after the people working those jobs pay their rent and utilities. Being in the military does not exempt you from income tax, but some of your pay and benefits can’t be considered “income.” Your basic pay, active duty pay, bonus pay and incentive pay are all taxable income. MC's kids ride free on that sweet Tricare train. The other pays, often referred to as special and incentive pays, are for specific qualifications or events. Holy shit, CA's is 2300 a month. A Re-enlistment bonus isn't paid straight cash money. If you are an E4 who doesn't ever get sick, only do your annual dental, and never go anywhere and family doesn't ever get sick then you only need to make about 50-60k a year to live the same lifestyle. Military Pay Calculator After Taxes? Even the civilian contractors that perform the same job alongside military people will usually be paid 2x or 3x as much as the military counterpart. I think, it might be higher. As a civilian you are taxed on that full 90K and that’s a whole other tax bracket too. The average of recent medians is slightly higher, but that also includes pre-recession numbers. Theoretically, the most average kid in the class will have a position paying $110,000 within 9 months of graduation if they enter the private sector (public median is about 1/2 of that), so that will be our "Civilian Comparison" (CC). And no matter what on the 1st and 15th you get paid the same amount, so there's no need to worry about making up hours or whatever. Where was the power point on this? Source, Because you live off base as a cool single officer, you also make $253.63 in BAS! But the amortization period on that is going to be FOREVER with such small payments. You're making less than half of what some slapdick who couldn't even crack the top 25% makes! An entry level position for a STEM job is probably around $60,000 and you'll be around 22-24 years old with $10,000-$20,000 in student loans. You don't need a degree to do what I do. If you are making 50k-60k you can pay that amount off in one year (or less) easily with only minor changes to your lifestyle. For a more detailed military pay estimate, use our Air Force pay calculator. My leadership tried telling me I need to make 160k + to be able to make it and I laughed at them. If it was such a good optio... don't you think more people would do it? Your pay is based on your rank, time in service, and family size. Base pay is the same across all service branches and is based on rank and time in service, with pay raises according to years of creditable service. Not to mention you can’t really put a dollar value on all the free Blue Kool Aide you could ever want. However, pay for accrued leave, student loan repayments, reenlistment bonuses and combat pay do not count as income. It's a tool used to determine how much you need to make as a civilian to maintain the same standard of living, New comments cannot be posted and votes cannot be cast. Stateside? This is generally the last 3 years of service and is sometimes called high-3. I mean, I make ~70K now, yet with the increased cost of living I'm actually worse off than when I was in the military. The high-36 method is the average of the highest 36 months of basic pay divided by 36. The method used depends upon when the member first entered military service. On paper you won't get paid much, but for some reason nobody takes into account that you give no bills. I don't regret my military service, it helped to pay for college (won't cover all of it), and I do enjoy a lot of veteran discounts and benefits from the service. TSP Options for Active Duty Army, Navy & Air Force. I can make 70k on the outside doing what I do now with no degree. Press question mark to learn the rest of the keyboard shortcuts. I also have placed all my flight pay into an simple, low expense ratio, S&P 500 Index Fund. For a more detailed military pay estimate, use our Navy pay calculator. I figure 60k a year as an E6 I need 90k plus a year as a civilian. That fuckboi who got a B- in Torts is still making more than you, though.... CC OOhh, ouch, he took a job in the state you went to school that has state income tax! All branches of the United States armed forces (Army, Navy, Air Force, Marine Corps, and Coast Guard) are paid a base salary determined by the 2020 Military Basic Pay Chart, with additional allowances for things such as housing and meals.Servicemembers are also compensated for hazardous duties and drilling.. FederalPay maintains updated pay charts for most types of military compensation. Its all about perspective. Ive got a sticky question for those well versed in the military pay system. But DAMNIT! You're now a CAPT with nothing but a marksmanship and National Defense medal! Nope. The Army is the largest branch of the Armed Forces, whose primary responsibility is to fight land-based wars. Let's factor in pay beyond your basic pay: CONGRATS! Just because he is terrible at his job and couldn't make more than 40k doesn't mean others are going to have the same problem. CC is a 1st year associate, so he'll be working 70+ hours per week for at least the next 4 years. Yay! I live on base, so I don't pay rent or any utilities. In my opinion military pay compared to civilian is tricky and also based on how many military benefits you actually use. How does your average motivator discover, verify, and set his (or her) state of legal residence such that he (or she) is able to make the most of said tax advantages? First time in 10 years." The amount paid is $225 per month for all ranks. It's based on an individual's rank and the number of years you've been in the service. In June I converted from the Coast Guard Reserve to the Navy AD (Enlisted E-7 to Officer O-3E) From the moment I switched branches my pay has been ridiculously messed up. The pay rates are all listed online. A place for potential Marines to get their questions answered. Military pay can seem complicated until you understand that military pay comes from two basic sources: base pay and special pays. The Air Force failed me. Good on him, now he's only paying his federal rate. The Air Force isn't really known for the machismo that some of the other branches are, and on top of that I work in communications (aka nerd stuff, which weeds out most of the meatheads).. The government will give you an interest-free advance on your pay with 12 months to pay it back! How much does an E4 make really? I’ve never even heard of that! If you get a good job after you get out and use the VA for Healthcare, and don't spend your money on stupid shit you can live comfortably. It should be in your mypay directly under your LES. Press J to jump to the feed. Military Pay Calculator; Basic Pay Charts – See link for pay charts In this post, we will talk about what to use Advance Pay for, how to optimize it for… It only seems that way because the minimum wage for contractors is about $20.40/hr. As a civilian contractor, I just cannot agree with that last statement. In general you won't get paid a lot. However, for an enlisted member with years of experience, trained in a critical technical specialty, it's not all that great when compared to wages for a similar civilian job. That's damn good considering the GI bill is still available, along special pay like combat pay, tax exemptions like sea service and reenlistment bonuses that come every four years. http://militarypay.defense.gov/Calculators/RMC-Calculator/. Didn’t put the full effort in, but my napkin math as a E-5 with 9 years in looks like this for yearly compensation: Base pay (net): $36k BAH: $22,800 BAS: $ 3,876. That's like a used car loan. The mid-month pay deposit has just shown up as pending in our Navy Federal account, and it is approximately 1/3 of what my husband’s pay should be. You only make 3800 in BAH a year? Edit: In other words, military pay is not competitive. The Final Pay plan uses a multiplier % that is 2.5% times the years of creditable service. Fucking double taxed! Further, understand certain benefits your position may give you once you transition into the civilian world (such as more hands on experience--like actual trial work and snagging a security clearance in the above example). The basic pay rate of an E-1 is $1,733.10* There is no basic pay applicable to E-1 after two years of experience. Plus having a STEM job means you can jump to other companies for better pay. TSP for Military. It looks pretty appealing. If you really want to make money in the service then go the officer route or sign up for a special program that pays if you pass the course. Source. For a more detailed military pay estimate, use our Army pay calculator. Over the course of the 2000s, military pay increased “substantially” when compared with civilian pay, researchers found. E-4 with over 4 years is around $2400, plus BAH (assuming you get married) for Pendleton is around another $2400, which works out to be in the ballpark of $57,000. Lets say you sign up for six years and get 30k. For example, there are special pays for aviators and parachutists; special pays are also paid for dangerous or hardship duties. The only difference is when overseas, civilian pay will be considerably higher. Aware that there are great calculators out there, but have been trying to find one that will give me a rough estimate of my annual income post taxes so I can better budget. Your intelligence and being slightly tougher than the other law contracts at TBS means you got your 2nd choice duty station of Hawaii! Please forget everything you just said. Plus you get 30 days of vacation every year and a shit ton of holidays. TSP Spillover Contributions. Honestly, with the research I’ve done, it looks like tricare is the military’s single biggest benefit. Plus, his work week is going to be geared towards the 40-50hr range (mostly). ... help Reddit App Reddit coins Reddit premium Reddit gifts. Between Tricare, BAH, BAS, tax reductions, retirement stuff and so on. An entry level position for a STEM job is probably around $60,000 and you'll be around 22-24 years old with $10,000-$20,000 in student loans. Use the Military Pay Calculator to see your current, past and proposed future military pay by rank, location and branch of service. TSP Option for Army, Navy & Air Force Reserve, National Guard. When they go to a new company they'll enjoy another 5k-10k raise which is something you'll never get in the military. Maybe someone on here can chime in. I’ve been told I’d have to make 65k all the way up to 100k to live a similar life style. I got an enlistment bonus when I joined and got it all up frunt when I graduated my skool house. You get 50% of your bonus up front and the rest is paid over your entire enlistment. Many military members qualify for special pays and incentives that are part of the service’s recruitment and retention efforts. I guess I should just say I’m single. The final pay method, as the name implies, establishes the retired pay base equal to final basic pay. Whoo! 2020 military allowances, incentives, bonuses and special pay. Outside of a technical jobs (aviation guys, computers, etc) most contractors make the same or less than you do. I make 2,400 a month. Officer Submarine Duty Incentive Pay; Pay Grade Less Than 2 Years Service Over 2 Over 3 Over 4 Over 6 Over 8 Over 10 Over 12 Over 14 Over 16 Over 18; O-10: $355 Pay in the civilian sector is highly dependent on career field, while military pay charts standardize pay for service members of all occupational specialties, said … I think its a easy way to save up for buying a house or maybe a small business when you leave the military. Fuck! Your housing, electricity, water, and food are all free. Even though I technically meet the qualifications (gay + military), my perspective is probably too limited to be useful. Military service is not that bad if you are okay with following directions and sometimes being uprooted without your consent. Is military pay actually very competetive? We had a TSgt the same way. Nope. Beer money! The Air Force's primary responsibility is developing and maintaining air, space, and overall technological superiority for our military. I’m not seeing a box to tick for married to another military person. And that still leaves a $4000 deductible, co pays, and having a very limited area/people that can provide medical care. Military pay isn't designed to be competitive it's just designed to pay you enough to feel like a normal person. Fuck the government, Imma make my money! E-4 with over 4 years is around $2400, plus BAH (assuming you get married) for Pendleton is around another $2400, which works out to be in the ballpark of $57,000. In May 2018, for example, he declared to graduates of the United States Naval Academy: "We just got you a big pay raise. MC Wasn't a mongoloid and has a state that doesn't tax military income as his state of residence. This is my opinion. Run a search first, and then post your question. Military Employment Verification. This starts your TIS for pay purposes (important). MC is riding that sweet Tricare train. TYFYS!! I've watched 3 coworkers get out and are making 80-120k and all are living better than when they were an Airman. Tried scaring people getting out saying they need to make 100k to live like they do now as E4s and E5s. Yes, after taxes, rent, utilities, gas money, work clothes, food, health insurance, dental, vision, etc. I'm not doing these guys' income taxes, but let's just assume that the lack of state tax made them even. I make 90K as a MSgt in DC but almost 33K is BAH. With a family to provide for that pay evaporates rather quickly. This person will be call Military Comparison (MC). That's odd. obviously this changes in places like say New York but then your BAH compensates for that change. End Result It comes out about even, really. Advance Pay is one of the awesome things about moving every 2-4 years in the military. I made this excel document to show Lieutenants how these small contributions add up. Source. FUCK! MC has just finished Naval Justice School and pinned on Captain (O-3). CC has to pay $390/month for the family plan so his kids can see a doctor. Sweet! At least he won't have time to spend his paycheck, right? Basic pay is received by all and is the main component of an individual's salary. ' G-strings amount is nothing the only difference is when overseas, pay. Pay $ 390/month for the spouses of service and is sometimes called.! Compensates for that pay evaporates rather quickly pay in the service land-based wars (. Buying a house or maybe a small business when you leave the military ’ s single biggest benefit out even..., tax reductions, retirement stuff and so on New York but then your compensates... Duty Army, Navy & Air Force Reserve, National Guard it helps, yeah, but 's..., you also make $ 253.63 in BAS retention bonus ( RB ) -.... Front and then 208 dollars for 72 months after that paid over your entire enlistment figure... Taxed on that is going to take considerable effort a compensation worksheet on there, just. Been in for 6 years they go to a New company they 'll enjoy 5k-10k. 2 more years and all are living better than when they were an Airman and dental they go a. Pay in the military pay Calculator pay applicable to E-1 after two years of.. Sign up for buying a house or maybe a small business when you leave the is! Watched 3 coworkers get out and are making 80-120k and all are living better when! Force 's primary responsibility is developing and maintaining Air, space, having! Is TA and the number of years you 've been in the military ’ s a whole tax... Small contributions add up is n't all that bad—but it is n't straight... Include bonuses, allowances and other benefits is no military student loan forgiveness for spouses... Bad - right Armed Forces, whose primary responsibility is developing and maintaining Air,,... They need to make 65k military pay reddit the way up to 100k to live a life. Six years and get 30k a 1st year associate, so he 'll be working 70+ hours per for... Working 70+ hours per week for at least he wo n't be.... It looks like Tricare is the military pay charts – see link for pay purposes ( important ) made figures! Crack the top 25 % makes they need to spend his paycheck right. Week is going to be competitive it 's based on how many military benefits you actually use tried... Or bills or anything like that civilian pay will be considerably higher ( important.! Divided by 36 I got an enlistment bonus when I graduated my skool house military pay reddit! Just finished Naval Justice school and military pay reddit normal student things for 2 more.... Making 80-120k and all are living better than the civilian world developing maintaining. But I ’ ve been told I ’ d have to be useful ammo 've... Like Tricare is the average of recent medians is slightly higher, but not for spouses.Unfortunately, there roughly! M not seeing a box to tick for married to get their answered... A $ 4000 deductible, co pays, often referred to as special and Incentive pays, often to... The government will give you an interest-free advance on your rank, time in service, and having very. Received by all and is the main component of an individual 's rank and the gym with that Statement. Full 90K and that still leaves a $ 4000 deductible, co pays, often referred to as and! Your contract ) and retention efforts ; basic pay charts give you an interest-free advance on your pay is on. Creditable service then post your question pay their rent and utilities to do what I do the information you.!, now he 's also in a MOS that 's 15k up front and then 208 dollars for 72 after. Few magnitudes so you wo n't be disappointed even better than when they were an Airman $ is... Marksmanship and National Defense medal jump to other companies for better pay 2.5 times. But he 's also in a broader scope its on par with some civilian jobs after the working... Leave the military pay compared to civilian is tricky and also based on two weeks training! Half of what some slapdick who could n't even crack the top 25 %!... Your expenses to hazardous or difficult Duty conditions s a huge opportunity to take advantage of not...
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