My brother will be a graduate from a Computer Science degree, he has an offer from a tech firm for quarter mill starting salary but is also considering joining military for 20 years to get that lifetime pension after. He’s single in that he is not married but wants to have a family with 3 kids in the future and a stay at home spouse (his current partner is fine with this).
He wants to build wealth for his family and retire early.
Has anyone been in a similar situation before? In the tech firm, it seems they give raises of about 10% each year and that doesn’t include equity or bonuses. He lives in NJ.
Any military finance math to help this kid out to make a decision?
Building generational wealth by joining military for 20 years or working in a high paying civilian job for 20 years? Trying to decide a path (23/m/single)
byu/88r0b1nh00d88 inMilitaryFinance
Posted by 88r0b1nh00d88
3 Comments
This isn’t even a question. The pension barely worth 4 years salary if that salary is correct.
Take the civilian job.
Lmao civilian job and it’s not close
Here to confirm what everyone else said. Civilian job will beat out military benefits by eons on a twenty year path. Not to mention the 10% raise annually? (Military raises usually just keep up with inflation). Not even touching on the better quality of life as a civilian.
The comparison isn’t even close. Civilian job beats out military in every category. Just max out retirement and investment accounts.