Tag: Survivor Benefit Plan
Six Wins On 2015 Military Benefits

Six Wins On 2015 Military Benefits

There's plenty of bad news and unhappiness about the drawdown. For the first time since the pay gap was declared "closed" in 2008, Congress has only raised military pay by 1%. Their 2015 defense spending authorization falls behind their own goal of raising pay at the same rate as the Employer Cost Index. Not only ...

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Suze Orman advises a dual-military couple

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 ...

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More SBP details

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, ...

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Survivor Benefit Plan

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 ...

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