What You Need To Know About Transitioning Out Of The Military

Whether you are separating or retiring, transitioning out of the military is a big deal and can be overwhelming to think about. There are a lot of factors to consider and things to prepare for to ensure you are taking the proper steps and making the best decisions for your future.   

Here are some things to do when you’re ready to start the transition process that can help get you started on the right track and help make the process a little easier.  

*Start Early – It’s recommended that you start thinking about how you will transition, your plans for afterwards, and the steps you’ll need to take to make it all happen well in advance. At a minimum you must start the process no later than 365 days before your separation date. However, it’s strongly recommended that you start around 2 years prior to transitioning. You’ll need to consider where you want to live, what career field you want to enter and what benefits and pay you qualify to receive. The earlier you get started mapping these things out - the better!  

*Create A Transition Timeline & Checklist – It’s helpful to start with a timeline of things that need to be completed during the process. Having set dates and a plan in place for each step helps keep you focused and ensures that everything required has been done on time and nothing is missed. Start with your transition date and what you would need to have completed at that time and work backwards.  

DodTap has put together a Managing My Transition Timeline worksheet that is available for download that can help you get started.  

*Attend TAP (Transition Assistance Program) – TAP is a 5-part program designed to help service members and their families be more successful when transitioning to civilian life. The program is a partnership between the Department of Defense (DoD), the Department of Labor and the Department of Veteran Affairs. The program includes an initial counseling session that serves as the official start of the transition process. There are also pre-separation briefings and special workshops covering benefits, entitlements, resources, and resume writing along with reviewing the capstone. Spouses and caregivers are invited and encouraged to attend with their service member.  

*Prepare Your Finances – It’s important to have a clear view of your finances prior to starting the transition process to ensure you are prepared financially for civilian life. Complete a financial check-up, review your expenses, and update your spending and savings plan.  

You can also check out 6 Steps to Jump Start Your Retirement Journey When You’re In the Military to get you on a path working toward a secure financial future!  

If you’re in need of assistance preparing your finances, reach out to your Military & Family Readiness Center, the Financial Readiness Program Center, or Fleet and Family Support Center to schedule an appointment with a financial counselor. You can also contact Military OneSource at 1-800-342-9647.  

Prioritize saving for your transition out of the military by taking the Veteran Saves Pledge. It starts by making a commitment to yourself to save. Choose Retirement as your goal and we’ll help you get ready, and keep you motivated by sending you advice, tips, and reminders to help you successfully prepare for transition.