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
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487 | Military FI: Optimizing Your Financial Plan before Military Retirement | Daniel Kopp, CFP

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