Submission of Technician Retirement Packet this morning, I was told about 6 weeks is the norm for the initial notice to be returned. I expect to be out before Labor day.
Maybe someone can help me with some advice. So I am an Army Dual Status Mil Tech. Getting out with 40% Medical Disability.
They told me on my technician side they will afford me 60/40 meaning 60% of my base pay the first year and 40% every year after that.
I am not able to earn 80% above my high-3 years salary or my disability goes away. Does this include rental income if I own rental property and dividend income from stock investments?
Or does this only pertain to jobs that have a W-2?
What happens if 1-year I cash out stock and it pays me say $100,000 in gains that year. Does that mean my disability is gone as well?
Does this count income from the spouse as well or just my income?
Just trying to get a handle on how this works.
Thanks
The rentals might drive your income over the top. You need to get a little creative with your taxes, put the properties into a trust, maybe an LLC. Transfer your assets to the wife, there is no limit on her income.