Between Tricare, BAH, BAS, tax reductions, retirement stuff and so on. I also have placed all my flight pay into an simple, low expense ratio, S&P 500 Index Fund. 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. This sucks. Don't start spending money on things you don't really need to spend money on and you can do just fine. With a family to provide for that pay evaporates rather quickly. Honestly, with the research I’ve done, it looks like tricare is the military’s single biggest benefit. Press question mark to learn the rest of the keyboard shortcuts. Sweet! Will the military pay off student loans? Thanks, Uncle Sam. The army will pay back your student loans (if you get it in your contract) and will pay for further education. I believe there is something on MyPay and/or Portal that will tell you how much all of your pay and benefits are worth. Is military pay actually very competetive? 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? It only seems that way because the minimum wage for contractors is about $20.40/hr. CC has to pay $390/month for the family plan so his kids can see a doctor. Advance Pay is one of the awesome things about moving every 2-4 years in 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. This starts your TIS for pay purposes (important). Source. MC is riding that sweet Tricare train. Its all about perspective. 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. As a civilian contractor, I just cannot agree with that last statement. MC makes less, so that's bad - right? So in a broader scope its on par with some civilian jobs after the people working those jobs pay their rent and utilities. 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. I make 2,400 a month. TSP for Military. You get 50% of your bonus up front and the rest is paid over your entire enlistment. The average of recent medians is slightly higher, but that also includes pre-recession numbers. First time in 10 years." Tried scaring people getting out saying they need to make 100k to live like they do now as E4s and E5s. Appreciate it! Run a search first, and then post your question. Does everyone have leadership like that? The really bad part of our pay is how it translates to civilian life. At least he won't have time to spend his paycheck, right? Over the course of the 2000s, military pay increased “substantially” when compared with civilian pay, researchers found. 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 In general you won't get paid a lot. We had a TSgt the same way. 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. You only make 3800 in BAH a year? Even though I technically meet the qualifications (gay + military), my perspective is probably too limited to be useful. Lets say you sign up for six years and get 30k. You're assuming best case scenarios, which almost never happen. MC Wasn't a mongoloid and has a state that doesn't tax military income as his state of residence. 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. 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. 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. CC - has just landed a gig promising the promised median pay of $110,000! For example, there are special pays for aviators and parachutists; special pays are also paid for dangerous or hardship duties. The Final Pay plan uses a multiplier % that is 2.5% times the years of creditable service. I guess I should just say I’m single. 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. Source. If you want to join, fine, but lower your expectations for pay by a few magnitudes so you won't be disappointed. That's another $3,043.56/year. Military.com's Military pay charts give you all the information you need. I live on base, so I don't pay rent or any utilities. 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). civilians have little disposable income. 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. TSP Options for Active Duty Army, Navy & Air Force. The method used depends upon when the member first entered military service. Fuck the government, Imma make my money! MC has to deal with some military bullshit, but he's also in a MOS that's a little bit safer from it. If it was such a good optio... don't you think more people would do it? I'm not doing these guys' income taxes, but let's just assume that the lack of state tax made them even. This person will be call Military Comparison (MC). The government will give you an interest-free advance on your pay with 12 months to pay it back! Now that’s great but I’m only taxed on my base pay. That's like a used car loan. 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). For a more detailed military pay estimate, use our Army pay calculator. obviously this changes in places like say New York but then your BAH compensates for that change. 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. : CONGRATS pay you enough to feel like a normal person a wife and two kids and I am E6... Now that ’ s a huge opportunity to take considerable effort your expenses pay you enough feel... Don ’ t really put a dollar value on all the way up to to! Feel like a normal person than half of what some slapdick who could n't crack. 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