Retired pay for an 0-6 over 30 for 2010 was 92,221.44 before taxes. That $40,000 figure is bunk.
MAybe he had to give up 50% to his ex-wife? I don’t know - the numbers in the article definitely make little sense as described.
Ah.. he retired in 06.. OK.. but he’s still receiving a healthy retired monthly amount. As a retired senior NCO, he’s still not getting much sympathy from me.
“Retired pay for an 0-6 over 30 for 2010 was 92,221.44 before taxes. That $40,000 figure is bunk.”
His divorced wife would get half, and after taxes, he probably clears $40,000.
The tuition for his son in the military college is hammering him . Also, who knows how much Home Depot/Lowes and local contractors made to upgrade their home before his wife got a divorce. Upgrading/renovation the home is part of the human DNA.
If he had a top secret clearance with no mental problems or other problems, contractors in that area are often desperate to hire someone with a TS/SCIF clearance. Rookies with that clearance can start at over $100 K/year.
Indeed. The 40K is for an O-5 with 20-yrs, or thereabout.