Best Places for Military Retirement
Waco earns its No. 1 ranking with high scores in a number of categories. Its reasonably priced housing helps military retirees find an affordable home, and Waco boasts a number of picturesque older neighborhoods. The area has low unemployment and a strong economic base consisting of small- to mid-sized manufacturers in a variety of industries offering solid opportunities to start a new career. Fort Hood is within an hour's drive (50 miles), offering excellent commissaries and base exchanges. In addition, a VA medical center also is located in Waco, as is Baylor University which provides all the sports, artistic events, lectures and resources of a well-respected college. Dallas is 100 miles to the north offering all the attractions of a world-class city while Waco's numerous lakes in and around the area provide enjoyment during the summer. An added benefit is that the state of Texas does not tax federal pensions.
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Military Retired Pay Overview
The military retirement system is arguably the best retirement deal around. Unlike most retirement plans, the Armed Forces offer a pension with benefits, that start the day you retire, no matter how old you are.
TRICARE for Retirees
So you are set to retire, but do you know what is going to happen with your health care? Can you really stand to lose your military health care benefits now that you're leaving and probably have a family to take care of?
Online Retirement Center
Helpful tools and advice for military retirees whether you're just getting started, approaching or living in retirement.
Who is USAA?
USAA was formed over 88 years ago by members of the U.S. military to meet the financial needs of servicemembers and their families.
At USAA, we believe that honesty, integrity, loyalty and service aren't just things you talk about — they're the way you live. That's why we work together to create complete retirement plans that include investments, life insurance, estate planning and health care solutions, to give you the freedom to do what's important to you.
We know what it means to serve. Let us serve you.
| Category | Metro Area Statistics |
|---|---|
| Population | 230,140 |
| Median Home Price | $84,100 |
| Unemployment Rate | 7.5% |
| Federal Pension Taxed | No |
| Military Installation | Name: Fort Hood Proximity: within 46 miles Amenities: 2 large commissaries, 2 large exchanges, 187-bed hospital, 7 clinics |
| VA Hospital Proximity | Local |
| Education | Number of 4-year colleges: 1 Prominent Institution: Baylor University |
Ask June
Got money questions and looking for answers you can trust? Just Ask June! June Lantz Walbert is a CERTIFIED FINANCIAL PLANNER™ practitioner with USAA Financial Planning Services. She is also a lieutenant colonel in the U.S. Army Reserve with 19 years of service. Walbert's basic branch is Air Defense Artillery. She also is Airborne, Air Assault, and Canadian Air borne qualified.Money Matters
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