What to Expect from the Air Force's Military Transition Assistance Programme (TAP): Part 1
By Sophie, published Jun 18, 2007
Published Content: 1,060 Total Views: 505,192 Favorited By: 145 CPs
What to Expect from the Military Transition Assistance Programme (TAP) #1 Informality
One thing that active duty members will quickly see is that the TAP class is very informal and friendly. Participants will be able to wear civilian clothes and they will not be referred to by their rank by the instructors. In turn, participants will be encouraged to refer to the instructors by their first name. This can make a welcome change for people who are so used to the rank and formality of the military.
What to Expect from the Military Transition Assistance Programme (TAP) #2 Financial discussion
The TAP class is not intended to teach you the mechanics of drawing up your own budget plan and telling you where you have to cut back to save more money. As a retiring military member, you will have some idea of what it means to save and what your specific needs will be. The class will spend time talking to you of how your military benefits will change once you retire. The military pension that you receive will depend on your rank, time in grade and total years of active duty. It will be considerably lower than the salary you receive while you are in the military. The instructors will talk about the fact that you will no longer be receiving a cost of living (COLA) allowance if you elect to remain in the area and that in many ways, you will have to make your own decisions that the military had formerly taken care of for you.
What to Expect from the Military Transition Assistance Programme (TAP) #3 Taxation
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Takeaways
- The TAP class is informal and friendly
- Finances change once you retire from the military
- Taxation rules change
Did You Know?
Washington and Nevada are 2 out of the 9 states that do not tax the Air Force pension
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