this post was submitted on 27 Mar 2026
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[–] darkdemize@sh.itjust.works 7 points 3 days ago* (last edited 3 days ago) (2 children)

There's no lump sum option for a military pension, at least not in the US, and renouncing citizenship also forfeits any future pension or social security entitlements.

Edit: VA and healthcare benefits too.

[–] tiredofsametab@fedia.io 4 points 3 days ago (1 children)

AFAIK, once you qualify for Social Security, you get it even if you stop being a citizen. I looked into it at some point as I plan to renounce once my parents pass (I already live overseas)

[–] darkdemize@sh.itjust.works 2 points 2 days ago

Interesting. Wonder why you retain that but lose everything else. Thanks for the correction.

[–] CapuccinoCoretto@lemmy.world 1 points 3 days ago (1 children)

Can you sell your pension to JG Wentworth types?

[–] darkdemize@sh.itjust.works 2 points 2 days ago (1 children)

I've never heard of it. Doesn't that require the pension to have a buy-out value? Military pension doesn't have that.

[–] CapuccinoCoretto@lemmy.world 2 points 2 days ago (1 children)

If you have a pension worth $1 mil, that trickles in over time, you sell it for $600,000 lump sum and just get pension payments deposited into an account of their choosing. You got some immediate cash. They get more money over time.

[–] darkdemize@sh.itjust.works 1 points 2 days ago

Ah, let me clarify: I've never heard of being able to sell a military pension like how JGW "buys" them, as they don't have a buyout option that I've ever heard of.