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Content provided by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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TMW 024: Survivor Benefits Plan

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Manage episode 163897711 series 1288719
Content provided by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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!

  continue reading

33 episodes

Artwork
iconShare
 
Manage episode 163897711 series 1288719
Content provided by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Guina, Veterans Benefits, Military Retirement, and VA Disability Benefits or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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!

  continue reading

33 episodes

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