LITTLE ROCK, AR -- Gary Garrison with Asset Protection Wealth Management has the keys to financial planning for Veterans.
View benefits regularly:We recommend this to civilians as well. An annual Beneficiary Audit can help ensure that you have updated your plans to reflect any changes in your family or income. Should you have a child or grandchild, divorce or remarry or make any major life change you want to make sure the right people are listed as your military beneficiaries.
There are countless benefits and programs designed specifically for Veterans — such as home loans, health insurance, educational benefits for yourself or your dependents and more. Garrison recommend visiting www.va.gov to find out what you are entitled to.
Thrift Savings Plan: The Thrift Savings Plan is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It’s similar to a company 401(k). And like a 401K, a Thrift Savings Plan is a great savings vehicle with tax benefits. There are several investment choices available, but consider the amount of risk in your plan as you get closer to retirement.
Select the right advisor: As a member of the military you are probably well aware of the importance of training and certification.Military and Federal Employee retirement planning is quite different than what we do for civilians. That’s why you should seek out a financial planner who has been trained on federal benefits, as they are complex