Why You Still Need an IRA

As you may know, I am in the military.  More than once I have had someone tell me that I don't need to be putting money in my Roth IRA each month since I'll have a pension waiting for me after I retire from the military.  Ignoring the fact that I could become disabled or choose to leave the military before the required 20 years to claim retirement, there is another reason why it is important to have your own retirement funds.  Boston Gal has the story of a U.S. Army retired ranger who did not get his retirement pension despite serving over 20 years and being wounded in combat.

Note: The views expressed on this blog are strictly my own and do not represent the opinions of the U.S. Military or any other agency.