Veterans
People who have served in the military have access to special financial benefits, which can include health-care services, no or low down-payment mortgages, GI Bill educational benefits, special legal protections, and other benefits. Current service members also have access to low-cost investing opportunities, extra savings plans and inexpensive life insurance.
From Service to Stability: Essential Financial Planning Tips for Veterans
While service members are focused on protecting our country, securing your financial future is equally important. Military veterans face a unique financial landscape, balancing new careers, healthcare needs, accessing benefits and building stability after service.
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Do you have access to the Thrift Savings Plan? If so, make sure you take advantage of it. The Thrift Savings Plan (TSP) is the U.S. government’s version of a 401(k) qualified retirement savings plan for military service members and civilian federal government employees. The TSP is a powerful retirement savings tool that provides both low-cost and tax-efficient investment options. You can contribute income into one of two retirement accounts: A traditional TSP retirement account and a Roth Thrift Savings Plan.
Retirement isn’t an “if” question, it is a “when” question. Working with a CERTIFIED FINANCIAL PLANNER™ professional can allow you to take full advantage of the many benefits available for active-duty service members and veterans.
Financial planning is extremely important, especially for military families. Financial planning ahead of deployment will help soldiers be able to ensure that their families are taken care of in their absence. Below are ideas for those that will experience extended time away from home in support of national security.
Veteran benefits are not as simple as civilian benefits. There are a multitude of financial resources out there for veterans and their families to learn about the various benefits available.
Take the following three-step approach to what all military veterans need to know about creating a financial plan to accomplish your goals.
Good credit is an important aspect of life’s major decisions: it's required to obtain loans, keep low interest rates on credit cards and purchase a home or car.
Though moving out of state often requires juggling many logistics, it is important to stay in control of your finances throughout the process.
A military mindset can help in financial planning. Here are tips for military families and ideas that all families can learn from.
Calculating the right amount of life insurance includes discussing which kind of insurance to buy and the amount your family needs when you're gone.
Before you commit to buying a home (or anything else), ask yourself why you want to own it.