What does transitioning out of the military look like? Finances (Part 2 of 10)

Updated: Dec 19, 2018

According to the Merriam-Webster dictionary, transition is defined as ‘passage from one state, stage, or place to another’ or ‘a movement, development or evolution from one form, stage or style to another’. Transition is not static nor defined by a specific moment, but a process or gradual change that is experienced over time.


Although we all experience transition throughout our lifetimes, the transition experienced by a Military Veteran as they leave the military is a clear example of a multifaceted and complex transition.


This 10 Part Series will briefly discuss the transition experienced by Military Veterans in the 9 Areas of Life (Career/Profession, Personal Finance, Family/Parenting, Personal Development, Spiritual Awareness, Fun & Enjoyment, Intimate Relationship, Social Relationships and Health/Aging), an conclude with an overview of existing programs for Transitioning Military Veterans and the existing gap that can only be filled by Transition Coaching.


PART 2 - FINANCES

The military provides more than enough financial compensation and benefits for members to survive in today’s economic environment. In an employment environment with high turnover, the military continues to provide stable, enduring income for those willing to put service before themselves.


With a transition out of the military, the loss of financial security and the desire to secure comparable income in an unknown environment inhibits successful transition.


Many veterans tend to undervalue their experience, training and accomplishments as they struggle to translate a career in the military to a comparable civilian occupation.


This, combined with the fear that they can't 'relate' to non-military organizations and individuals, leads to an internal struggle that manifests as a lack of confidence.

In turn, the perception of a lack of confidence inhibits their ability to get the income, benefits or positions they desire, confirming their fears. Thus, a cycle is created that can lead to frustration, sadness and depression.


Thankfully, there are programs and organizations that have been established to facilitate this transition which will be discussed in Part 10 of this Series.





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