RECORDED WEBINAR
Pro Bono Financial Planning for Military Personnel, Veterans and Families
Presentation
Presenters
- John R. (Dick) Power, CFP®
Description
Service members, veterans, and their families face unique financial circumstances during and after military service. While benefits for active personnel – regular paydays, free healthcare, and housing allowances – are commonly recognized, the financial challenges of switching to civilian life, and no longer receiving these incentives, must also be acknowledged. Accruing debt is often the norm post-military service, and money concerns rank top of mind for many veterans. In this webinar, John R. (Dick) Power, CFP® will cover the unique compensation of the military community, common money pitfalls post-military service, and tactics CFP® professional volunteers can use to increase the financial confidence and self-sufficiency of military-affiliated individuals during pro bono engagements.
Learning Objectives
- Participants in the webinar/course will:
- Understand the composition of the military community in the US and differences in demographics between active and reserve members;
- Discover how military personnel is compensated in both basic pay and allowances, as well as tax exposures;
- Learn about other benefits such as healthcare, legal support, and retirement.
- Learn about additional benefits from the Veterans Administration and how to interact with state and local resources; and
- Discover what unique skills financial planners can offer under unique circumstances, particularly with military members deploying and returning.