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Tag Archives for " Survivor Benefit Plan "

5 Factors You Should Consider When Evaluating the Survivor Benefit Plan

Survivor Benefit Plan

The Survivor Benefit Plan (SBP) is one one of the most debated topics for transitioning service members. It is a form of life insurance that provides cost of living adjusted income, to eligible dependents of retirees who elect to participate in the program. While most of us feel as if we’ll live forever, the fact […]

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Survivor Benefit Plan Wants Permission To Do The Right Thing

  [December 2015 update:  Congress fixed this issue as part of the 2015 National Defense Authorization Act.] [March 2016 update (yeah, 15 months later!):  DFAS has just opened SBP registration to these retirees.]   Military Times is reporting the story that the Defense Finance and Accounting System didn’t want to announce. DFAS has made military […]

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Six Wins On 2015 Military Benefits

[Nords note:  If you’re reading this sentence then I’m still in Spain visiting my daughter for another month or so.  I’ve loaded up the blog’s schedule with posts through the end of the month but I’ll be slower than usual on the comments and social media.  In the meantime, don’t worry about the Military Compensation […]

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Suze Orman advises a dual-military couple

Suze Orman recently gave less-than-great advice to a military couple. If you know JoAnn & Tony from Colorado then I’d love to ask them if their plans have changed. Until we hear from them, today is a great chance to show why financial advisers might not always understand the intricacies of military benefits. For those […]

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More SBP details

Let me disrupt the posting schedule for a day with some additional SBP information from Monday’s post. One of the book’s contributors forwarded me not one but four separate SBP briefs put out by the Air Force Personnel Center. With the gracious permission of Mr. Dan McCullough, who added some clarification slides, here they are. […]

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Survivor Benefit Plan

(Thanks again to Tomcat98 for backing up my research with impressive actuarial data!) This “simple little SBP summary” mutated into a two-part description. Today we’ll cover SBP for active-duty retirees and in the next post we’ll cover the Reserve Component SBP. The SBP will cost you up to 6.5% of your pension, so it’s a […]

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