Practice Archives - Page 2 of 3

Financial Planning for Guard and Reserve Families: Part 2 Retirement

February 19, 2024

Guard and Reserve families share many similar financial experiences with Active Duty families; but there are distinct advantages and challenges related to their Reserve Component status. This session will focus on the unique aspects of Guard and Reserve retirement including topics related to qualifying for retirement, calculating a reserve pension, reducing their retired pay eligibility age, and earning an active duty pension. Additionally, we’ll take a detailed look at the Reserve Component Survivor Benefit Plan (RC-SBP) decision, healthcare coverage and gray zone retiree benefits and limitations.

Financial Planning for Guard and Reserve Families: Part 1 – Serving

February 19, 2024

Guard and Reserve families have added layers of complexity when combining military pay and benefits with civilian careers. They face many of the same challenges as their Active Duty peers but this session will focus on the unique nuances of this community:

Demystifying Backdoor Roth IRA for Military Families

February 18, 2024

Whether it's during the transition to civilian employment or because combined spouse income is too high, many military families miss out on Roth IRA tax-advantaged savings. Backdoor Roth IRA is a technique that can help families continue to build wealth for their future and suppress their lifetime tax bill.

What To Do When Beneficiaries Aren’t Updated: Case Studies with Practical Lessons Learned

February 18, 2024

Nearly every conversation people have when they talk about investing revolves around either what family and type of funds to use (allocation) or what mix of traditional IRAs, Roth IRAs and taxable accounts to use (tax treatment). Not discussed enough is the importance of building your estate plan early and doing the housekeeping to make execution easy for your loved ones who will have to execute it without your assistance, and while they'll most likely be actively grieving your death or your loss of capability/capacity to handle your own affairs.

Combatting Fraud Against Veterans, Servicemembers, and Their Families

January 16, 2023
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A comprehensive discussion of the role the Department of Justice plays in combatting fraud that targets the military community. The DOJ's Consumer Protection Branch will discuss the effects of fraud on servicemembers and their families, provide case studies and examples, and provide preventative measures so the community can protect itself.

Medical Retirees: Navigating the Misunderstood Benefits for our Wounded Warriors

March 3, 2022

Individuals navigating a medical retirement board are often overwhelmed with their challenges and questions, and there is often too little support to help them navigate the transition. Benefit entitlements depend on many factors including disability ratings from both the Department of Veterans Affairs and the Department of Defense. We will discuss questions servicemembers should ask during this process and navigate which benefits they retain depending on whether they are medically separated or retired. We will also dive into unique situations medical retirees need to address with regards to their Survivor Benefit Plan options. We will also explore the Integrated Disability Evaluation System (IDES), a joint process with VA and DoD, to determine if wounded, ill, or injured Service members are fit for continued Military service and provide disability benefits to Service members and Veterans, if appropriate. Information in this session will help Service members understand their benefits and make informed decisions.