With the taxes done and filed this week, we have naturally been talking about finances and inevitably about retirement and what we should be doing about it. As you know those who joined the military after 2006 need to decide about opting into the new retirement plan with 5% matching TSP along with 20% cut of pension. Those new baby LTs are really confounded on what to do, so like a good junior officer I went to the senior officers and asked what they would do. Keep in mind these old timers have no skin in the game and are on there way to their traditional retirement of 50%+ base pay of their last highest 36 months of base pay. So I asked a retired O6 Captain that did 30 years making 75% of base in pension, and an O5 on active duty who has done 15 years. They both brought a very interesting perspectives that company grade officers never look at.