Decades Of Out-Dated Advice for Military Financial Benefits
I’ll cut right to the chase. Veterans are suffering the consequences of financial planning theories and military benefits programs leftover from the 70s and 80s. They only show us a limited picture of their military financial benefits. This is hurting both our service-members and the American taxpayers.
That’s why we launched US VetWealth, to help service-members, veterans, and their families learn how to navigate and leverage their financial benefits so that they get the most out of a lifetime of service.
At first glance this may not seem like such an overwhelming “problem,” but I assure you, it is. And it’s not surprising—it follows logically from everything else that the military gives us.
We’re all given standard-issue uniforms, bunks, MREs, eye protection, weapons, and the like. We go through boot camp, OCS, and academies designed to burn away our individuality. It is so that we can respond to commands. We are taught to hit the “I believe” button. We are essentially aimed like weapons at objectives decided at pay-grades way above ours.
This is a great strategy for winning wars. It is an awful strategy for winning at life.
As soldiers, sailors, airmen, and marines, they always treat us as bulk items. But the one-size-fits-all approach to financial planning for military retirement DOES NOT WORK.
As veterans, we have to remember how to be individuals. It is about time that we learn to use our military financial benefits as such.
It's Time To Stop Following Orders
When it comes to your Military Financial Benefits, there are questions that “they” hope you never ask. And if you were to ask these hard questions, it would sound suspiciously like you were questioning an order.
We do not do that.
But these are your benefits, and the taxpayers want you to use them the right way.
It is our responsibility as service-members and veterans to be stewards of these benefits. But when we start being smart about our benefits, this whole rotten bureaucracy would come tumbling down, because it is essentially one bucket of laziness, greed, and a whole lot of “this is how we always do it.”
It goes to that expression about generals being experts at winning yesterday’s wars.
Our benefits system is great at providing military financial benefits for veterans of WWII who have long since retired. But your pensions are not ration coupons. They are assets we need to leverage.
But when we start being smart about our using military financial benefits, this whole rotten bureaucracy comes tumbling down, because it is essentially one bucket of laziness, greed, and a whole lot of “this is how we always do it.”
The Unknown Knowns of Military Financial Benefits
2. How about the Veterans Group Life Insurance (VGLI)?
3. What about your SBP?
4. What about your Thrift Savings Plan (TSP)?
So What can you do?
Too many service members and veterans are “choosing” these benefits because everyone else is signing up for them, or because it’s better than nothing.
But “nothing” is not the only alternative to your military financial benefits. Another alternative is to stop following orders and start educating yourself.
It all starts with reaching out to US VetWealth and asking a simple question: What are my options?
We’re here when you’re ready.
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