008: What is the actual probability of receiving the SBP? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan)
Jen Amos returns with a two part series to answer the big question: What is the actual probability of receiving the SBP? She shares general reflections of producing the Spouse Benefit Plan thus far, addresses the client skepticism her US VetWealth colleagues receive when proposing private financial solutions, and explains where she first heard the "morbid talk." Then, she walks the listener through the SBP Probability Calculator to determine what is the actual probability that a retirees' spouse will receive the SBP.
Resources (in the order mentioned):
- Military Retirement Survivor Benefit Plan (SBP) Calculator MISTAKES 2022: SBP Costs vs Probability https://youtu.be/j9BUy1sg6HY
- Get a sneak peak into the US VetWealth Insiders Portal: The Military Retirees’ No. 1 choice for alternative education on career progression & financial strategies https://militaryretirementblueprint.mn.co/
- Learn about the MilSpouseFest Make Dreams Reality Hampton Roads from Thursday, September 16th, 2021 https://www.holdingdownthefortpodcast.com/episode/107
- 140: "When military spouses come together as a group, they become powerful." The League of Wives with Heath Lee https://www.holdingdownthefortpodcast.com/episode/140
- Survivor Benefit Plan Overview https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/
- SBP Financial Analysis Tools https://actuary.defense.gov/Survivor-Benefit-Plans/
- SBP Subsidy Calculator https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx
- Navigate your military retirement pay and survivor benefit plan alternatives by getting FREE access to our white papers. We have a case study library for the following ranks: E7, E8, E9, O5 and O6. Visit https://usvetwealth.com/ or for the quick link, visit https://usvetwealth.com/retirementpay/
- SBP Probability Calculator https://actuary.defense.gov/Portals/15/SBP%20Probability%202022.xlsx
- Understanding Return On Investment (ROI) https://www.forbes.com/advisor/investing/roi-return-on-investment/
- Retired & Annuitant Pay Processing: How Long Does It Take? https://www.dfas.mil/RetiredMilitary/about/How-Long-Does-It-Take/
Announcements
- We're excited to announce that Holding Down the Fort by US VetWealth is a Finalist for the 13th Annual Plutus Awards presented by Capital Group for "Best Military Personal Finance Content!" The winners will be revealed at the Plutus Awards on September 9 at FinCon22 in Orlando! Learn more at https://www.plutusawards.com/finalists
- From August 19 to 20, 2022, Jen Amos will be moderating at Disney Institute's Veterans Institute Summit, which focuses on supporting and enabling veterans and military spouses in meaningful employment. View the speaker line up and learn how you can register for the live stream at https://www.disneyinstitute.com/disney-institute-summits/veterans-institute-summit/speakers/
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Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com
Connect with us on social media:
- https://www.linkedin.com/company/the-spouse-benefit-plan/
- https://instagram.com/thespousebenefitplan
- https://www.facebook.com/thespousebenefitplan/
- https://twitter.com/TheMilSpouseBP
- https://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa
The Spouse Benefit Plan has been appeared or featured in M.E. Magazine, The Leadership Void Show, USVW TV, Military Money Mistakes, Lessons Learned for Vets Podcast, Get2Vet Podcast, ShoutoutSoCal and The Rosie Network's 5th National Veteran & Military Spouse Entrepreneur Awards.
This show is intended to be educational and not to be taken as financial advice. To discuss your unique financial situation, reach out to our show sponsor, US VetWealth at USVetWealth.com or email Jen Amos jen@usvetwealth.com
Enjoy our show? Kindly leave us a 5-Star written review on Apple Podcasts, Podchaser or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobz
Want to hear more from Jen? Check out our sister show and award-winning podcast, Holding Down the Fort https://holdingdownthefortpodcast.com/