The military (active duty) retirement system is arguably the best retirement deal around. Unlike most retirement plans, the Armed Forces offer a pension (technically a "reduced compensation for reduced services.") with benefits, that starts the day you retire, no matter how old you are. That means you could start collecting a regular retirement pension as early as 37 years old. What's more, that pension check will grow with a cost of living adjustment each year.

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Mixing Civilian and Military Retirement. What comes after a career in the military services? Sometimes, a second career in the civilian service is the next logical step. But as the second career nears completion, an important decision needs to be made between two retirement options:

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