Podcasts about survivor benefit plan

In this week's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, tackles some of the most frequently asked financial questions he receives, covering topics that impact individuals and families alike. Darryl offers straightforward advice on everything from debt management strategies to understanding the potential tax implications of government proposals, providing listeners with practical steps to improve their financial outlook. Darryl dives into each question, sharing resources, strategies, and unique perspectives on topics like paying for college, retirement preparation, and managing investments effectively. His thoughtful answers empower listeners to make informed decisions that align with their financial goals. Key highlights of the episode include: Darryl recommends Going Mary as a resource for finding scholarships and navigating the competitive world of college funding. An explanation of the debt snowball method, focusing on paying off smaller debts first to build momentum and consistency. Insights on the potential effects of an unrealized gains tax on investors and how it might impact portfolio strategies. Examining the proposed $25,000 down payment assistance for first-time buyers, noting the benefits and potential drawbacks. Financial tips for military families preparing for retirement, emphasizing debt reduction, cash reserves, and the Survivor Benefit Plan. For more resources and to connect with a financial advisor, visit www.PAXFinancialGroup.com. If you found this episode helpful, consider sharing it with a friend or family member! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

I'm so grateful to have Heather Walrath joining us on the podcast today. She currently serves as financial education and accredited financial counselor at the Navy Mutual Aid Association.  As part of the Education Team, Heather speaks one-on-one with servicemembers and spouses and provides group presentations to servicemembers and families across the country to  increase their knowledge and understanding of financial matters. Her areas of expertise include military and survivor benefits, including VA benefits and Survivor Benefit Plan. Heather talks about her early career interest in this profession after being an AFCPE FINRA Fellow. Her early volunteer experiences helped her build her skills and showed her how much she loved this work. Later on, she started out giving presentations on a part-time basis for Navy Mutual before that eventually grew into a full-time role. Over her career, Heather has given hundreds of presentations to thousands of servicemembers and their families about military transition. But as you will hear, she shares just as many lessons learned from her own experience going through military transition earlier this year when her active duty spouse retired. We spend a good deal of time talking through her experience and wisdom of the transition and retirement process, how to find good source material, and the advice that can help you make an even more successful military transition yourself. I know this will be a big benefit to all our listeners both getting ready for their own transition or working with others who are!  https://www.linkedin.com/in/heather-walrath-afc%C2%AE-mqfp%C2%AE-6531b077/ https://www.navymutual.org/mission-educate/ https://www.navymutual.org/wp-content/uploads/2024/01/candid_conversations_flyer-2024-01.23.2024.pdf  https://www.choosefi.com/military-fi-optimizing-your-financial-plan-before-military-retirement-daniel-kopp-cfp-ep-487/  

The Survivor Benefit Plan provides money and access to health care for a spouse if an employee were to die before retirement, with the benefit being free and automatic. After retirement, the spouse can still access the plan, but the employee would need to start paying for it if desired to continue the coverage. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com

I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand. My Q is my spouse is 12 yrs YOUNGER than I am. Does the Age difference make a difference in the SBP cost? - Albert 

Navigating the Complexities of Military DivorceIn this week's episode of How to Split a Toaster, Pete is joined by a special guest, Kristin Scully, the newest member of NLG Family Law Group. With Seth on vacation, Kristin steps in to share her expertise on the intricacies of military divorce. As a family law attorney with over ten years of experience, Kristin has developed a niche in handling military divorce cases, addressing issues such as pension division, parenting plans, and jurisdictional challenges.Pete and Kristin dive deep into the unique aspects of military divorce, discussing how factors like frequent relocation, deployments, and military benefits can complicate the process. They explore the misconceptions surrounding military pension division, the importance of understanding the service member's income structure, and the creative strategies for crafting parenting plans that accommodate the demands of military life.Some questions we answer in this episode:How is military pension divided in a divorce?What challenges do military families face when creating parenting plans?Can GI Bill benefits be divided in a military divorce?Key Takeaways:Military pension division is based on the length of the marriage overlapping with years of service, not just the total duration of the marriage.Parenting plans for military families should include provisions for long-distance and local schedules to minimize the need for constant modifications.Jurisdiction can be a complex issue in military divorces, especially when one spouse is stationed overseas.Plus, we tackle another listener question! A listener asks about the difference between a social investigator and a Guardian Ad Litem (GAL) in the context of divorce proceedings. Pete and Kristin clarify the distinct roles and responsibilities of these professionals, helping listeners understand when and why each may be appointed in a divorce case.This episode is a must-listen for anyone navigating the complexities of a military divorce. With Kristin's extensive knowledge and experience, listeners will gain valuable insights into the unique challenges and considerations involved in these cases. Whether you're a service member, a spouse, or a legal professional, this episode will provide you with the information and strategies you need to approach a military divorce with confidence and clarity.Links & NotesCheck out Kristin's pageSchedule a consult with SethGot a question you want to ask on the show? Click here! (00:00) - Welcome to How to Split a Toaster (00:30) - Kristin Scully and Military Divorce (01:14) - Kristin's Background (02:02) - Challenges in Military Divorce (03:07) - Military Pension (04:38) - Other Misconceptions (05:40) - Who Pays Pension? (07:23) - Alimony (08:57) - Thrift Savings Plan (09:53) - Calculating Service Member's Income (12:23) - Parenting Plans (14:33) - When Parents Can't Work Together (15:51) - Navigating Constant Change and Conflict (17:31) - Court's Perspective (18:38) - GI Bill (20:23) - Common Mistakes (23:45) - Overseas Courts (25:14) - Listener Question (29:52) - Survivor Benefit Plan (33:38) - Language in Final Judgment (34:24) - Wrap Up

Navigating divorce can be isolating, but finding support is crucial. In this episode, Will interviews Jon and David who discuss their personal experiences with divorce, highlighting the emotional challenges and the importance of seeking support. Discover how friends, family, and professional counselors can help men through this tough time. Special guest David shares his story of overcoming isolation and the pivotal role of a supportive friend. Learn why breaking the stigma around men's emotional expression is key to healing. A special thank you to our MTM Forever Sponsor, Karambit Tactical Knives. Found exclusively on Karambit.com, these knives are more than just tools; they're a testament to precision and reliability. As a small business owned by a Navy SEAL Veteran, every Karambit knife is rigorously tested and approved by the best. Whether for self-defense or everyday carry, Karambit knives are the ultimate choice, boasting over 50 brands and models to suit your needs. Learn more at Karambit.com... Also, if you'd like to be a sponsor like Karambit has become, please text MTM to 33777. Or head to mentalkingmindfulness.com Time Stamps: (00:01:05)Men and divorce (00:04:31)Life after divorce. (00:08:39)Making tough decisions in marriage. (00:14:35)Marriage challenges and realizations. (00:16:22)Staying in a relationship for kids. (00:21:45)Making tough relationship decisions. (00:26:28)Changing societal pressures on marriage. (00:29:17)Baggage from youth impacting marriage. (00:31:08)Overcoming heartbreak and rebound. (00:36:34)Seeking support during tough times. (00:39:07)Divorce and shared accounts. (00:45:00)Financial challenges during divorce. (00:48:00)Post-divorce financial considerations. (00:49:35)Survivor Benefit Plan intricacies. (00:56:12)Coping strategies after divorce. (00:59:01)Importance of healthy exercising. (01:02:09)Rediscovering self after toxic relationship. (01:08:28)Assumptions in relationships. (01:11:45)Resentment in relationships. (01:13:18)Choosing the right partners. (01:19:26)Financial struggles and humility. (01:21:40)Cost of alimony and divorce. (01:24:33)Staying in a relationship. (01:28:20)Listening to your heart's voice. Will interviews Jon and David, who shared their personal experiences with divorce, highlighting the emotional hurdles they faced. David discussed feeling like a failure and isolating himself. He later realized the value of seeking support and reaching out for help.David's friend, who had also gone through a divorce, supported him by inviting him to watch a movie and grab a beer. This gesture demonstrated how men often express care in subtle ways. It underscored the importance of having a strong support network, especially during significant life transitions like divorce.Jon emphasized the importance of men being open about their emotions with trusted friends and family. He acknowledged the societal pressures and toxic masculinity that discourage men from showing vulnerability. He stressed that true masculinity involves supporting and caring for one another.Both Jon and David agreed that seeking support from friends, family, or counselors helps navigate the emotional complexities of divorce. Sharing experiences and emotions with others provides validation, empathy, and practical advice. The episode highlighted dismantling the stigma around men's emotional expression and encouraging them to seek support.Men going through a divorce should seek help to process their emotions. Simple acts of reaching out and spending time together can significantly impact a man's emotional well-being during challenging times.The conversation also addressed societal expectations and pressures on men during divorce, including the stigma around seeking help. Men often feel compelled to manage their emotions independently, feeling ashamed or weak for seeking support. The podcast encouraged men to break free from these stereotypes and recognize that seeking help is a sign of strength. --- Send in a voice message: https://podcasters.spotify.com/pod/show/mentalkingmindfulness/message

In this episode: survivor benefit plans, VA benefits, VSO's disability benefits, tax planning, healthcare, and blended retirement systems. This week we are joined by Daniel Kopp, founder of Wise Stewardship Financial Planning, to outline ways you can best prepare for military retirement. Together we cover pensions, navigating the Survivor Benefit Plan and additional benefits, healthcare and disability resources, as well as other financial decisions you can consider as you begin to transition out of the military. When dealing with any kind of retirement planning, taking actionable steps to prepare and get a plan in place for you and your family is essential. While everyone's circumstances may be different as they transition out of the military, there are many resources available and benefit programs you are entitled to before and after you leave duty! Daniel Kopp, CFP Website: wisestewardshipfp.com Podcast: Military to Financial Planner Timestamps: 1:26 – Introduction 2:32 – Approaching Military Retirement/Blended Retirement System 9:38 – Military Benefits/Healthcare 15:36 – VA Benefits/Term Life Insurance 22:12 – Disability Benefits/VSO's 30:17 – Survivor Benefit Plans 43:13 – SBP Contingencies and Child Coverage 50:41 – Tax Planning 56:26 – Conclusion Resources Mentioned In Today's Episode: Blended Retirement VA education benefits for survivors and dependents Everything About The Military's Survivor Benefit Plan SBP Financial Analysis Tools Daniel Kopp Estate Planning for Military Families | Military Money Manual Podcast Episode 83 Accredited VSO Representatives Transition Planning from a Military Career on the Path to FI | ChooseFI Ep 296 “Military in Transition's Guide to The Survivor Benefit Plan: Navigating the SBP” by Forrest Baumhover How VA Disability Compensation Affects Military Retirement Pay Income Tax and Rental Properties When You're in the Military MFAA ChooseFI US Military Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family's Essential Info (code ‘CHOOSEFI' for 20% off) Student Loan Planner: Custom Consult (with $100 Discount) Get a cheaper phone plan with Mint Mobile

Learn how the Defense Finance Accounting Service has simplified the annual eligibility verifications for Survivor Benefit Plan annuitants. Also, learn when verifications are due each year, as well as what the SBP is and who's eligible to receive payments in the first place. Host Bruce Moody speaks with Julie Burandt-Partin with the Defense Finance and Accounting Service. Visit Military OneSource at https://www.dfas.mil/managesbp for information on how to manage your SBP annuity. Bruce Moody is a public affairs specialist with the office of Military Community and Family Policy. Share your feedback about this podcast as well as ideas for future episodes by visiting the Military OneSource Podcasts Feedback Form at https://public.militaryonesource.mil/podcast-feedback. The Military OneSource Podcast series is an official resource of the Defense Department. For more information, visit MilitaryOneSource.mil or call 800-342-9647. Military OneSource is your 24/7 connection to information, answers and support to help you reach your goals, overcome challenges and thrive.

The Survivor Benefit Plan provides financial support and healthcare to spouses in the event of the retiree's death. However, if the spouse passes away first, the retiree can inform the Office of Personnel Management (OPM) and stop making payments to the program. https://fedpilot.com

In this week's episode, Dr. Sharita Knobloch will be interviewing Brigadier General Michael Meese about the Survivor Benefit Plan, SBP Open Enrollment and what benefits it provides to service members and their spouses. The post MMP #976: SBP Open Enrollment first appeared on Mission: Milspouse.

In this week's episode, Dr. Sharita Knobloch will be interviewing Brigadier General Michael Meese about the Survivor Benefit Plan, SBP Open Enrollment and what benefits it provides to service members and their spouses. The post MMP #976: SBP Open Enrollment first appeared on Mission: Milspouse.

Baltimore divorce attorney Kumudha Kumarachandran enjoys being able to be a source of strength and solutions for her clients during what is usually one of the hardest times in their lives. Divorce can emotionally drain anyone, no matter how tough you are, but Ms. Kumarachandran is steady and provides a sense of stability during an otherwise tumultuous time. “I have always been a very creative person,” Ms. Kumarachandran said,” so I am very good at coming up with new solutions for my clients to strategically negotiate their cases and come up with innovative settlement solutions.” Ms. Kumarachandran currently serves on the Military Law Committee of the Family Law Section of the American Bar Association. In that important role, in May 2017 she lectured to attorneys from around the country on the complicated subject of the “Survivor Benefit Plan” aspect in the military retired pay division. She is honored to represent members of the United States Armed Forces. Linkedin: https://www.linkedin.com/in/kumudhakumarachandran Cordell & Cordell: www.cordellcordell.com Learn more about EmotionTrac and our AI-driven Emotional Intelligence Platform: https://emotiontrac.com/calendly/

Baltimore divorce attorney Kumudha Kumarachandran enjoys being able to be a source of strength and solutions for her clients during what is usually one of the hardest times in their lives. Divorce can emotionally drain anyone, no matter how tough you are, but Ms. Kumarachandran is steady and provides a sense of stability during an otherwise tumultuous time. “I have always been a very creative person,” Ms. Kumarachandran said,” so I am very good at coming up with new solutions for my clients to strategically negotiate their cases and come up with innovative settlement solutions.” Ms. Kumarachandran currently serves on the Military Law Committee of the Family Law Section of the American Bar Association. In that important role, in May 2017 she lectured to attorneys from around the country on the complicated subject of the “Survivor Benefit Plan” aspect in the military retired pay division. She is honored to represent members of the United States Armed Forces. Linkedin: https://www.linkedin.com/in/kumudhakumarachandran Cordell & Cordell: www.cordellcordell.com Learn more about EmotionTrac and our AI-driven Emotional Intelligence Platform: https://emotiontrac.com/calendly/

Something rare is going on in the military community. Right now, until the end of 2023, there is an Open Season for the Survivor Benefit Plan. It's part of the 2023 National Defense Authorization Act (NDAA) enacted by Congress. The SBP is one of the biggest decisions you make retiring from the military, one that can have a lasting impact on your retirement money. If you weren't happy with the decision you made at retirement, now's your chance for a redo.  In this episode, Heath Walrath breaks down what the Survivor Benefit Plan is, what the open season is, what factors you should consider, and how to make a decision that works for you and your family.  Heather is an Accredited Financial Educator who has enjoyed working with military members and families for the last 14 years while empowering them with financial education. She's a 2009 FINRA Military Spouse Fellow and holds a BA in economics from the University of Georgia and a paralegal certificate from the Denver Paralegal Institute.  She is also an accredited Veteran's Service representative. Heather has worked as a Personal Financial Counselor (PFC) with all branches of the military, including the Guard and Reserve components, as part of both the non-profit education sector and the Department of Defense PFC network.  She is considered to be a subject matter expert on military survivor benefits. The show notes can be found here: https://laceylangford.com/podcast/survivor-benefits-plan-open-season/

The Texas A&M AgriLife Extension Service and OneOp invite military caregivers to the webinar “Retirement Benefit Basics: The DoD Survivor Benefit Plan,” on Tuesday, Jan. 31, from 10-11:30 a.m. The webinar will prepare military caregivers with a further understanding of the Department of Defense Survivor Benefit Plan and the Reserve Component Survivor Benefit Plan. Speakers Patricia Cruz and Mark Overberg will cover numerous topics, including: •A description of the Survivor Benefit Plan and the Reserve Component Survivor Benefit Plan and how they are calculated; •Identify the differences between the Survivor Benefit Plan and term life insurance; •Review of the effects...Article Link

Learn about changes to the Survivor Benefit Plan annuity payments from the Defense Finance and Accounting Service and about the Dependency and Indemnity Compensation payments from the Department of Veterans Affairs. The changes, which go into effect for 2023, involve eliminating the Optional Annuity for Dependent Children, meaning eligible spouses will receive their full SBP payment from DFAS and their full DIC payment from the Department of Veteran Affairs. Host Bruce Moody speaks with Julie Burandt-Partin, director of retired and annuitant pay for DFAS, about the changes. Visit Military OneSource for more information about the phase-out of the SBP-DIC offset at https://www.militaryonesource.mil/media/news-and-releases/phase-out-of-the-sbp-dic-offset-frequently-asked-questions/. Bruce Moody is a public affairs specialist with the office of Military Community and Family Policy. The Military OneSource podcast is an official resource of the Defense Department. For more information, visit MilitaryOneSource.mil or call 800-342-9647. Military OneSource is your 24/7 connection to information, answers and support to help you reach your goals, overcome challenges and thrive.

Learn about the elimination of the Optional Annuity for Dependent Children and who it affects. Previously, when a service member died on active or inactive duty in the line of duty, the surviving spouse could request to have their Survivor Benefit Plan annuity paid directly to an eligible dependent child or children. Beginning in 2023, however, the SBP monthly annuity payment must revert to the surviving spouse (once they submit documentation confirming eligibility). Host Bruce Moody speaks with Julie Burandt-Partin, director of retired and annuitant pay for the Defense Finance and Accounting Service. Visit https://www.dfas.mil/RetiredMilitary/survivors/SBP-2023-Optional-Child-Annuity-Reversion/ for more information about the elimination of the Optional Annuity for Dependent Children. Bruce Moody is a public affairs specialist with the office of Military Community and Family Policy. The Military OneSource podcast is an official resource of the Defense Department. For more information, visit MilitaryOneSource.mil or call 800-342-9647. Military OneSource is your 24/7 connection to information, answers and support to help you reach your goals, overcome challenges and thrive.

Happy Fourth of July! Career military officers approaching retirement have a lot on their plate just to get out of the service as well as finding a second career. One of the things that is not really considered is whether to pursue an alternative to the Survivor Benefit Plan, which costs the retiree 6.5% of their retirement pay over 30 years and provides the surviving spouse with 55% of the member's retainer pay. In this episode, I talk with Scott Tucker, a USMA graduate and former Army officer, about this issue. If you are approaching retirement, I recommend you listen to this podcast so that you can thoughtfully make a decision as going the insurance route is something you need some lead time to consider. Scott's LinkedIn profile can be accessed here. Additional information and resources can be found at USVetWealth's webpage here or his YouTube channel here.

Many people want to retire early so they can travel, spend time with their family, and knock things off their bucket list. But most people don't. Why is that? Most likely it's because you don't have a financial advisor. Today's guest, Karen Overall, didn't have a financial advisor while she was in the Navy. She just knew she'd have her pension. After serving for 16 years, she became a civil servant with the US government and got a second pension. But when she wanted to start traveling in her later years, that's when she realized, "I can't retire." Karen hired a financial advisor. With her two pensions and some adjustments, she was able to fill the gap and retire early. And so can you! In this episode, you'll discover how you can fill your gap between retirement and retiring early. So you can travel, hang out with your family, and start crossing things off your bucket list! Listen now! Show Highlights Include: How joining the military teaches you investment strategies (5:27) Why having a Survivor Benefit Plan maximizes your pension from the Navy (6:56) The insane federal pension plan that sets you up for life (8:10) How having a financial advisor lets you retire earlier than you expect (11:28)

Do you know what the SBP decision is? If not, you're not alone. A lot of service members and spouses don't know it's a decision they will be faced with come retirement time. And many don't know the factors they should consider in the decision.  In this episode, I talk with a Survivor Benefit Plan expert, Kate Horrell about the questions you should know the answers to before you decide on whether or not to elect the SBP for service members' pension.  Kate Horrell is a military spouse, Accredited Financial Counselor, and personal financial educator who helps the military community make the most of their pay and benefits. With over 10 years working with thousands of military families, she understands the concerns of currently serving, retired, and veteran families. Show notes can e found here: https://laceylangford.com/podcast/survivor-benefit-plan-faqs/

 Jen Amos is a Gold Star daughter, Veteran Spouse, and advocate for Career Military Families. Amongst the military community, she is most known as the award-winning podcast host of Holding Down the Fort. She works with her husband as the Community Relations Director at US VetWealth, which is an an award-winning business that specializes in financial services for Career Military Families, and spearheads their latest initiative, The Spouse Benefit Plan, which helps military couples make the most important decision before transition - to keep or opt out of the Survivor Benefit Plan.https://linkedin.com/in/jenamosSupport the show

Today's Story: Retirement Finances

121: "It's important to have interests outside of the military because the military does not last forever." Using writing as an outlet and post-military life with Jessica Silva Jessica Silva returns to the show to update us on post-military life (after being a military spouse for 22 years), transition tips, and her book for military kids, Daddy's on a Chip. She reflects on the last two years since their family transitioned to civilian life, how writing was her outlet when she couldn't sleep, how her adult children are now doing, the importance of having interests and friends outside of the military community, and much more. Purchase a copy of Daddy's On a Chip at: https://www.etsy.com/shop/JessicaSilvaBooks (https://www.etsy.com/shop/JessicaSilvaBooks) Connect with Jessica Silva at: https://www.instagram.com/jsilva0/ (https://www.instagram.com/jsilva0/) Listen to Jessica's last conversation with us from episode 94: https://www.holdingdownthefortpodcast.com/episode/094 (https://www.holdingdownthefortpodcast.com/episode/094) -- Support free art and comedy classes to veterans, service members, military family members, and caregivers by attending Jen's Storytelling Bootcamp Graduation Show by the Armed Services Arts Program on Wednesday, November 17, 2021 8 PM (EST) via Zoom. Purchase your ticket for "Storytelling Bootcamp Grad Show – Bravo" at https://asapasap.org/attend-a-show/ (https://asapasap.org/attend-a-show/) Special thanks to The Rosie Network for the invitation to participate in the ceremony, congratulate the award winners, and update the community on our journey since we won 2020 Media Professional of the Year! Watch now at https://youtu.be/pd9agrNEpUQ (https://youtu.be/pd9agrNEpUQ) Holding Down the For now has a sister podcast: The Spouse Benefit Plan, which'll focus on helping career military families make the most important decision before transition: to keep or opt out of the Survivor Benefit Plan. Listen to the teaser episode now at https://youtu.be/5Tc8zq3hS8k (https://youtu.be/5Tc8zq3hS8k) -- Guest Applications are now open! Apply to be on our show at https://forms.gle/YdoNX9aR8RTEKpnCA (https://forms.gle/YdoNX9aR8RTEKpnCA) Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) This show is sponsored by US VetWealth Get FREE access to the Military Spouse's ToolKit for Agile and Purposeful Employment https://usvetwealth.com/military-spouses-toolkit-for-agile-and-purposeful-employment/ (https://usvetwealth.com/military-spouses-toolkit-for-agile-and-purposeful-employment/) September 2021, the show made the Final Slate in the https://www.podcastawards.com/ (16th Annual People's Choice Podcast Awards) for the Government & Organizations category. November 2020, Jen Amos and Holding Down the Fort Podcast was awarded https://therosienetwork.org/2020-entrepreneur-awards (“Media Professional of the Year”) at The Rosie Network Entrepreneur Awards! We've also been featured in multiple media outlets including Legacy Magazine, https://digital.usveteransmagazine.com/US-Veterans-Magazine-Spring-2021/46 (U.S. Veterans Magazine), https://open.spotify.com/episode/0IeByl1VWjoq8V3GFl6gzp?si=gfewllBQTtGFCUwH6kEPTw (The American MilSpouse), https://veterancrowdnetwork.com/2021/01/jen-amos-award-winning-podcaster-of-holding-down-the-fort/ (VeteranCrowd Network), https://fb.watch/3xcB_0O6ZH/ (It's a Military Life), http://virtforce.us/68-transition-remote-work/ (VirtForce), https://www.militaryveterandad.com/73-keep-an-open-heart-with-jen-amos/ (Military Veteran Dad Podcast), and much more. Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW... Support this podcast

If you're retiring from the military, then you NEED to listen to this episode!!!Mike and Trevor discuss one of the most important decisions military retirees have to face, whether or not to decline the Survivor Benefit Plan with Scott R. Tucker. Scott is the founder and CEO of U.S. VetWealth, and author of Veteran Wealth Secrets and The Modern Guide to Veteran and Military Life Insurance Planning. He works with military retirees on a daily basis, helping them build a financial roadmap for their transition and avoid costly SBP and VGLI mistakes.If you'd like to learn more about how Scott helps transitioning service members, you can connect with him on LinkedIn, or visit the US VetWealth website and check out the Veteran Wealth Secrets YouTube Channel.Want to come on the show? We would love to learn from you!Connect with Mike and Trevor on LinkedIn, or shoot them an email at mike or trevor @get2vet.net, subscribe to our show on Apple podcasts and Spotify, and don't forget to follow the Get 2 Vet Podcast and Community LinkedIn page.Enjoy the show and let us help you Get 2 Vet!

As co-hosts Jen Amos and Jenny Lynne Stroup wrap up season 4 of Holding Down the Fort, they reflect on the interviews they've conducted, the benefits of podcasting, their hopes for season 5, what they're grateful for, and much more. Stay updated while we're off season! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) In partnership with the American Red Cross of Central and Southern Ohio, join Blue Star Families of Dayton for their Virtual “Empowering #MilKids” Resource Fair for Military-Connected Parents, featuring Jen Amos with Opening Remarks and as the Keynote Speaker! This event will take place on Saturday, April 10th from 11 AM - 1:00 PM ET - Live Streamed on the Blue Star Families of Dayton Facebook Page. Register today at https://bit.ly/3cVAl8v (https://bit.ly/3cVAl8v) or on Facebook https://www.facebook.com/events/285321909635397 (https://www.facebook.com/events/285321909635397) Get 500 minutes for free every month when you transcribe your audio recordings with AI-technology. Learn more: https://otter.ai/referrals/UBPBEBE0 (https://otter.ai/referrals/UBPBEBE0) -- We're now accepting guests for season 5! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker, in ep. 89: https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Support this podcast

A clinical psychologist who is both a combat veteran and a former first responder himself, Dr. David Tharp founded Project Healing Heroes in 2016 to facilitate resiliency and reintegration for other combat veterans, service members, first responders, and their family members as they serve our nation both at home and abroad. He reflects on an unforgettable deployment that gave him a deep appreciation of our service members and a striking reminder of how short life is, how his impressive educational background and work in the VA justified why he "didn't need help," post-traumatic growth, and much more. Connect with David Tharp and learn more about Project Healing Heroes Website https://www.projecthealingheroes.org/ (https://www.projecthealingheroes.org/) LinkedIn https://www.linkedin.com/company/project-healing-heroes/ (https://www.linkedin.com/company/project-healing-heroes/) Facebook / Instagram @projecthealingheroes Twitter @PHH_Resilience YouTube https://www.youtube.com/channel/UC_BfboaF4QiIin5x1bYqa_Q (https://www.youtube.com/channel/UC_BfboaF4QiIin5x1bYqa_Q) -- We're now accepting guests! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) Our latest updates: https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561 (https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561) Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker, in ep. 89: https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

Military spouse (going on 20 years this year), life coach, homeschooling mom of three, and Founder of Honest Talk International Michaela Rosales stands by her slogan to "be resilient, not resentful." She reflects on her 13th move as a military family, homeschooling her kids for the last seven years, raising quails, the power in asking for help, and much more. Connect with Michaela Website https://www.honesttalkinternational.com/ (https://www.honesttalkinternational.com/) LinkedIn https://www.linkedin.com/in/michaelarosales/ (https://www.linkedin.com/in/michaelarosales/) Instagram / Facebook @honesttalkinternational Register for the Evolve Retreat created by past guest, Jen Pasquale (Ep. 064), at https://www.prideandgrit.com/evolvetogether/ (https://www.prideandgrit.com/evolvetogether/) -- We're now accepting guests! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Our latest updates: https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561 (https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker, in ep. 89: https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

This episode is also available on Youtube: https://youtu.be/vVFF_rbIBeA (https://youtu.be/vVFF_rbIBeA) Military spouse, former pro triathlete and coach, and Founder of Kovii Matthew Shanks is combatting our natural inclinations to scroll on social media with an app that helps you connect directly with the people you care about. He shares how Kovii was started, how social media is based off of an addiction model, why saying, "just text me," doesn't work, and much more. Connect with Matthew Shanks LinkedIn https://www.linkedin.com/in/thematthewshanks/ (https://www.linkedin.com/in/thematthewshanks/) Instagram @thematthewshanks Facebook @thetriathlete Learn more about Kovii Website https://kovii.com/ (https://kovii.com/) LinkedIn https://www.linkedin.com/company/kovinnoinc/ (https://www.linkedin.com/company/kovinnoinc/) Instagram @koviiapp Facebook @Koviiapp Twitter @koviiapp YouTube https://www.youtube.com/channel/UCY1dxhK6nYuHPEhIWzj5eZw (https://www.youtube.com/channel/UCY1dxhK6nYuHPEhIWzj5eZw) -- We're now accepting guests! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Our latest updates: https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561 (https://mailchi.mp/6effbf67d87a/holdingdownthefort-10077561) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Connect with Jen Amos jen@holdingdownthefortpodcast.com Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker, in ep. 89: https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

Air Force wife and mom of three young kids Jessica Lynn is currently stationed in Germany, has recently endured solo-parenting for more than a year, and PCS'd overseas during a pandemic. She reflects and shares how proud she is to survive that year of solo-parenting, the importance of transparency and acknowledgment with her husband, when to have alone time within the family, and much more. Connect with Jessica Lynn at https://jessicalynnwrites.com/ (https://jessicalynnwrites.com/) or on Instagram @jesstagirl -- Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker, in Ep. 89: https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

Military spouse, entrepreneur, mom of 4 littles, and Host of The Waiting Warriors Podcast Michelle Bowler is actively building community and sharing resources for Military and First Responder loved ones. She shares how she prioritizes her time, admittedly shares that she "doesn't do it all" (despite how it may look like at first glance), unpacking the stoicism of military life, and much more. Learn more about The Waiting Warriors at https://thewaitingwarriors.com/ (https://thewaitingwarriors.com/) or connect on Instagram / Facebook / Pinterest @thewaitingwarrior -- Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Sponsored by US VetWealth - How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker in Ep. 89 https://www.holdingdownthefortpodcast.com/episode/089 (https://www.holdingdownthefortpodcast.com/episode/089). Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) or learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

How well do you understand the Survivor Benefit Plan and Veterans Group Life Insurance? Community Relations Director at US VetWealth Jen Amos shares a snippet of her company's latest published book, The Modern Guide to Veteran & Military Life Insurance Planning, written by her husband, Scott R. Tucker. Grab a copy of The Modern Guide to Veteran & Military Life Insurance Planning at https://amzn.to/3tgKQZn (https://amzn.to/3tgKQZn) Learn more at http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) -- Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

Jen Amos brings on her husband and business partner, Scott R. Tucker, to talk about the history of Holding Down the Fort and how it was inspired by the philosophies of their company, US VetWealth. They also dive into the top inquiry their office has been receiving lately: an alternative to the Survivor Benefit Plan. Connect with Scott on LinkedIn https://www.linkedin.com/in/scottrtucker (https://www.linkedin.com/in/scottrtucker) Videos on an SBP alternative: https://www.youtube.com/watch?v=iVpFOdfe7Qw&list=PLcea8nSKduAGK3QqbFKSZ4YuEeu1Slv_o (https://www.youtube.com/watch?v=iVpFOdfe7Qw&list=PLcea8nSKduAGK3QqbFKSZ4YuEeu1Slv_o) For more resources: https://usvetwealth.com/resources/ (https://usvetwealth.com/resources/) -- We're now accepting guests! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) Stay updated! Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) For our latest news: https://mailchi.mp/7dd8fa34f51c/holdingdownthefort (https://mailchi.mp/7dd8fa34f51c/holdingdownthefort) Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) Sponsored by US VetWealth - The moment that you leave the military is the biggest opportunity of your lifetime, and you’re going to need money for it. Download the first three chapters of Scott R. Tucker’s (Jen’s husband and business partner) Veteran Wealth Secrets for FREE to learn more at http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/ ) Connect with our co-hosts Jen Amos jen@holdingdownthefortpodcast.com and Jenny Lynne Stroup https://jennylynnestroup.com/ (https://jennylynnestroup.com/) or jennylynnestroup379@gmail.com November 2020, Jen Amos and Holding Down the Fort Podcast was awarded “Media Professional of the Year” at The Rosie Network Entrepreneur Awards! Check out her acceptance speech at https://therosienetwork.org/entrepreneur-awards (https://therosienetwork.org/entrepreneur-awards) Enjoy our show? Kindly leave us a review on Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW), Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY), or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

The Survivor Benefit Plan works differently in the case of active duty deaths. Today, DJ talks about how SBP works for active duty service members.

You're 100% disabled by the VA. You have the option to withdraw from the Survivor Benefit Plan. Is it the right option for you? With the upcoming changes to Dependency and Indemnity Compensation (DIC), maybe, maybe not. Listen to this.

Today we talk about what is government or military pension really worth. If you earn a military or federal government pension, you will receive a pension for the rest of your life, you can’t outlive it. You also get a cost-of-living allowance (COLA) based on inflation. A downside of the pension is that once you retire, that payment is set. You can’t increase it and only lasts for your life. Or if you participate in the Survivor Benefit Plan and die your spouse will receive up to 55% of your monthly pension for the rest of their life. Then that’s it. In contrast, investments like TSP can increase their value if you take on more risk. You may still have money left over in your TSP when you die they could pass on as an inheritance or gift to charity. But if you take less risk, like put money in the TSP G fund, your investments won’t keep up with inflation and you may run out of money before you run out of life.What’s a pension really worth? One way of looking at it is to calculate its present value. The calculations are bit complicated, but generally the present value of your pension is the lump sum amount of money you need if you retired today, invested that lump sum at a certain interest rate, then drew out and spent the amount of your yearly pension, for set number of years. If you are military E7 with over 20 years of service, or a GS 8/9, your annual pay is about $59,000. The service member serves 20 years and retires at 42 getting 50% of base pay in retirement, of just under $30,000 and can expect to live another 40 years. The present value of their retirement pay is over $750,000. The federal FERS GS 8/9 employee retiring at 57 with 30 years of service would have a yearly retirement pay of almost $20,000 and live another 26 years. The present value of their retirement pay is almost $380,000. For Officer 05 retiring at 42 with 20 years of service, their yearly retirement pay would be $57,000. The present value of that is almost $1.5 million. For FERS GS 13/14, retiring at 42 with 30 years of service to about $730,000, with 40 years of service almost $975,000. As you decide whether to stay or whether to go this can give you a hard dollar figure to help you decide if it’s worth it for you to stay.The military BRS and federal employees FERS retirement systems are based on a triad of the traditional pension we been talking about, Social Security, and the Thrift Savings Plan. I like to look at these planning for retiremen by, dividing your expenses in retirement in two NEEDS and WANTS. Needs would include food, housing, healthcare, taxes, transportation, etc. Estimate each of these costs for total dollar figure. Ideally your pension and eventually Social Security will cover those needs. This is your safety net. What if those needs are more than your pension? Consider ways to reduce those expenses. For everything else, your wants, you could cover these with your investments like TSP. If you take some risk (volatility) your investments can grow faster than inflation so buying power increases. This provides flexibility and maybe a nicer lifestyle. In years where there value is dropping, don’t draw from it or don’t draws much. Spend a little bit less on the wants, knowing your needs are covered by your pension and Social Security. Then when things bounce back you can go back to spending more on your wants again.One area to look as you get closer to retiring is you may have a gap in “guaranteed” income between t receiving your pension and drawing Social Security. Also keep in mind some expenses like healthcare tend to rise faster than inflation. Over time your pension may not cover all your needs. This is where Social Security might help with some of those expenses. If you have any questions or are curious what the present value of your particular pension would be, just reach out to me at Katie that’s katie@moneypilotadvisor.com

Husband and wife team Scott R. Tucker & Jen Amos have another Friday bonus episode to talk about in-person voting, creating personal autonomy for post-military life, and most of all, educational resources for alternative solutions to the Survivor Benefit Plan. Learn more about alternative solutions to the Survivor Benefit Plan by first visiting http://survivorlibertyplan.com/ (http://survivorlibertyplan.com/) then visit http://militarysurvivorbenefits.com/ (http://militarysurvivorbenefits.com/) Connect with Scott R. Tucker on LinkedIn at https://www.linkedin.com/in/scottrtucker/ (https://www.linkedin.com/in/scottrtucker/) This bonus episode is also available to watch on YouTube https://youtu.be/zf1mMiou7vk (https://youtu.be/zf1mMiou7vk) or Facebook https://www.facebook.com/holdingdownthefortpodcast/videos/423098658721191 (https://www.facebook.com/holdingdownthefortpodcast/videos/423098658721191) -- ✅ We're now accepting guests! Apply today https://forms.gle/sDY5nPkEMu665FXn6 (https://forms.gle/sDY5nPkEMu665FXn6) ✅ Subscribe to our newsletter http://eepurl.com/gTTOdT (http://eepurl.com/gTTOdT) ✅ Visit our website https://www.holdingdownthefortpodcast.com/ (https://www.holdingdownthefortpodcast.com/) ✅ Sponsored by US VetWealth, learn about our upcoming book http://veteranwealthsecrets.com/ (http://veteranwealthsecrets.com/) ✅ Connect wit Jen Amos jen@holdingdownthefortpodcast.com ⭐️⭐️⭐️⭐️⭐️ Enjoy our show? Kindly leave us a review on ✅ Apple Podcasts https://apple.co/30SJ7NW (https://apple.co/30SJ7NW) ✅ Podchaser https://bit.ly/3dnCacY (https://bit.ly/3dnCacY) ✅ Or a LinkedIn Recommendation for Jen https://bit.ly/3jNobzB (https://bit.ly/3jNobzB) Support this podcast

Get to know the couple and the company behind the podcast! Show host Jen Amos interviews her husband, ‘02 West Point grad, Army Officer Veteran, and founder of US VetWealth Scott R. Tucker. Scott shares how their company began and educates career military families on the importance of understanding the Survivor Benefit Plan (SBP) and their military benefits as a whole. Connect with Scott R. Tucker on LinkedIn (https://www.linkedin.com/in/scottrtucker/) Resources: Understanding the Survivor Benefit Plan (SBP) https://usvetwealth.com/how-to-avoid-the-pitfalls-of-sbp-and-vgli-at-military-retirement/ (https://usvetwealth.com/how-to-avoid-the-pitfalls-of-sbp-and-vgli-at-military-retirement/) Speak to a US VetWealth Expert on the SBP: https://calendly.com/scottrtucker/survivor-liberty-plan-analysis (https://calendly.com/scottrtucker/survivor-liberty-plan-analysis?month=2020-02) --- Join our Instagram community https://www.instagram.com/holdingdownthefortpodcast/ (https://www.instagram.com/holdingdownthefortpodcast/) Subscribe to our newsletter: https://bit.ly/hdtf-newsletter (https://bit.ly/hdtf-newsletter) Contact us at jen@holdingdownthefortpodcast.com (mailto:jen@holdingdownthefortpodcast.com) This show is brought to you by https://usvetwealth.com/ (https://usvetwealth.com/)

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If you’re divorcing a member of the military or you’re a servicemember yourself, there are a number of complexities around the process that make it different from a civilian divorce. So, what are the special considerations associated with military divorce? John P. Cannon is the founder of Cannon & Associates, an Oklahoma City firm with expertise in military divorce and criminal defense. He is also a Judge Advocate in the Oklahoma National Guard, advising and representing Soldiers in matters of adoption, divorce and child custody. A former assistant district attorney, public defender and assistant attorney general, John serves as a fierce advocate for families and freedom. On this episode, John joins Katherine to discuss how military divorce differs from non-military divorce and why servicemembers with substantial combat experience are more likely to divorce. He explains how to assess the income potential of a servicemember for spousal support and what the Frozen Benefit Rule means for former military spouses. Listen in for insight on calculating pension benefits, maintaining rights to the Survivor Benefit Plan, and understanding who’s eligible for military health insurance. Topics Covered How military divorce differs from non-military divorce Determining income potential for spousal support The special rules re: jurisdiction in a military divorce How military divorce rates compare to the general population What the Frozen Benefit Rule means for former spouses Why it’s crucial to follow the rules in The NDAA of 2017 Maintaining your rights to the Survivor Benefit Plan When you allowed make changes to a spousal agreement The formula for determining pension benefits How long former/surviving spouses are entitled to TRICARE Connect with John P. Cannon Cannon & Associates: https://jpcannonlawfirm.com/ Connect with Katherine Miller The Center for Understanding Conflict: http://understandinginconflict.org/ Miller Law Group: https://westchesterfamilylaw.com/ Katherine on LinkedIn: linkedin.com/in/kemiller1 The New Yorker’s Guide to Collaborative Divorce by Katherine Miller: https://www.amazon.com/New-Yorkers-Guide-Collaborative-Divorce/dp/0692496246 Email: katherine@westchesterfamilylaw.com Call (914) 738-7765 Resources Pennoyer v. Neff: https://jpcannonlawfirm.com/ Frozen Benefit Rule: https://jpcannonlawfirm.com/2019/11/frozen-benefit/ National Defense Authorization Act of 2017: https://www.congress.gov/bill/114th-congress/senate-bill/2943/text DFAS: https://www.usa.gov/federal-agencies/defense-finance-and-accounting-service

This episodes provides helpful tips for Army retirement planning.  Topics include pay and compensation, health benefits, and Survivor Benefit Plan.

Kate Horrell is a nationally recognized leading expert in the Survivor Benefit plan.  She is a military spouse, mom and wife.  She loves speaking about military specific financial topics and educating fellow servicemembers and spouses on ways to achieve financial success.  Kate educates the public through her writing.  She has written 2,200 blog posts for  Military.com’s paychcheck chronicles blog and continues to educate through her personal blog at www.katehorrell.com.    Survivor Benefit plan link   Kate Horrell Survivor Benefit Plan Blog Posts

As of today, (5/13/2018) ANYONE who joins the US Military will do so under the new retirement plan, the "Blended Retirement System". As someone who served 3+ years on active duty in the infantry and another 4 in the National Guard, I am fond of the new rules. After all, the VAST majority of servicemen and women do NOT stay the full 20 years and receive NO benefits at all upon separating from service. (Yes, they get the VA Loan and college benefits but no medical or retirement benefits.) The new system will reward service personnel for completing their first tour or two without having to commit to remaining the service for another decade and a half or so. This is good. Also, as an incentive to keep senior personnel who've served 12 years, think NCO's, they will receive a Continuation Bonus when they sign on for another 4 years. These NCO's are the backbone of our fighting force and we need for them to continue to serve. They are irreplaceable. So, giving them bonuses as an incentive to re-up is good for them, and for our country. Yeah, there will be a reduced pension for those who stay in for 20 yrs or more. But that COULD be more than made up by 5% match on the TSP. That's a trade-off I'd take in a heartbeat. On a secondary topic, I discuss pensioners in their decision to take the Survivor Benefit Plan (SBP) or not. The SBP is nothing more than a premium payment the retiree makes to allow for his/her surviving spouse to receive 55% of the retiree's benefit at death. The premium isn't cheap. So, it's imperative the retiree consider ALL options before signing on OR rejecting the offer. Some folks will opt to not take the SBP and instead buy a life insurance policy. This MAY work. But if it doesn't you could be leaving your surviving spouse in a world of hurt if you die. Proceed. With. Caution here folks. Understand the ins and outs of ALL options. http://militarypay.defense.gov/BlendedRetirement/ https://www.usaa.com/inet/pages/insurance_life_military_benefits?akredirect=true --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

This is a common question. Can you match the value of the SBP by investing the amount of the premiums in a mutual fund or other asset?

Are you considering withdrawing from the Survivor Benefit Plan? Is it really a good idea to do so?

Who can be a beneficiary under the Survivor Benefit Plan and how does it affect you (and them)?

I run into a lot of people who balk at the price of the Survivor Benefit Plan (and the reserve component version, as well). What should you do?

Time for Friday Q&A! If you'd like to join for a future show, sign up here: www.radicalpersonalfinance.com/patron Today, we cover: 2:00 Should I refinance my credit card debt by moving it to a HELOC? 34:10 Do you have passion for a job before the fact or do you become passionate about it after you're good at it? 42:30 Should I drop the military's Survivor Benefit Plan for my pension in favor of buying a 10-year whole life insurance policy? Enjoy! And remember! I have 27 seats remaining for the new Radical Personal Finance Guide to Career & Income Planning. If you're interested, I'd love to have you in the class. Join here: www.radicalpersonalfinance.com/career Joshua  

What is the Survivor Benefit Plan and how does it work?

What is the Reserve Component Survivor Benefit Plan and how does it work?

122: Forrest Baumhover enlisted in the United States Navy in 1993 as a hospital corpsman. In 1995, he accepted an appointment to the United States Naval Academy, and graduated in 1999. After receiving a commission as a Navy Supply Corps Officer, Forrest spent the majority of his career in sea duty and overseas assignments leading Sailors. About 10 years into his career, Forrest realized that he was spending a lot of time counseling Sailors on their financial issues and decided that he would make financial planning a focus for his second career. In 2013, Forrest started taking financial planning courses from the College for Financial Planning, and in 2015, he passed the Certified Financial Planner™ examination. Since then, he has established his own financial planning firm, Westchase Financial Planning, based in Tampa, Florida. Westchase Financial Planning focuses on the unique financial planning needs of: - Servicemembers and their families as they look to separate or retire from active duty - Real estate agents In order to serve each of those unique communities, Forrest also writes online articles on two blogs, Military In Transition and Real Estate Agent Finances. Forrest also has an ebook that he just released on Amazon, Military In Transition’s Guide to the Survivor Benefit Plan. Oh, and he’s still on active duty, so he’s doing all of this on the side until his retirement in May 2017. In this episode, you can learn about: – What you can do to prepare yourself for starting a business in your retirement – The most common obstacles to success in building your own business – How far in advance you should really start building your business – Turn your passion into your business – Start your business before you EAS   Contact information Forrest Baumhover, Principal, Westchase Financial Planning (901) 483-1427 forrest@westchasefinancialplanning.com   When you're planning to leave the military visit USAA's separations tools and advice for information on readiness and making a successful transition. http://www.veteranonthemove.com/leavingthemilitary The Veteran On the Move podcast has published over 100 episodes giving listeners the opportunity to hear in-depth interviews conducted by host Joe Crane featuring the people, programs and resources to assist veterans in their transition to entrepreneurship:  Marine Corps, Army, Navy, Air Force and Coast Guard veterans, DOD, entrepreneurship, business, success, military spouse, transition, education, programs and resources.  Veteran On the Move has garnered over 500,000 listens verified through Stitcher Radio, Sound Cloud, Itunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.

The Survivor Benefit Plan provides a continued source of income for survivors of military retirees. If a military retiree elects to buy into the Survivor Benefit Plan (SBP), his spouse or other eligible survivor will be eligible to receive 55% of the retiree's retirement pay after the retiree passes away. This can provide ongoing income and stability for survivors, but it does come at a cost, as retirees must buy into the plan. In this podcast, we dive into the Survivor Benefit Plan details and discuss when it makes sense to buy into the SBP, and when veterans may be better off choosing to self-insure through an insurance policy or completely forgo either form of insurance. We cover a lot in today's podcast, so be sure to take notes or visit the show notes at http://themilitarywallet.com/survivor-benefits-plan/ You and your spouse will be glad you did!