On active duty, you likely were ready for anything—except retirement. Many military servicemembers fail to plan for what comes next, making financial planning for servicemembers, their families, and Veterans all the more important. That’s exactly what we at AAFMAA Wealth Management & Trust (AWM&T) specialize in.
Whether a new military retiree in your second civilian career or a seasoned Veteran in your second retirement, you may not have yet considered what your ideal future looks like. This can cause you to miss out on many benefits you’ve earned serving in America’s Armed Forces and, in some cases, putting your life on the line.
Here’s what you need to know about military retirement planning.
Financial planning for military families can help you in several ways. For example, you can:
Our team has many financial professionals who either served in a branch of America’s military forces or come from a military family, making military financial planning their focus. Financial planning with AWM&T is designed specifically for military families like yours.
A military financial planner understands your needs and the military benefits you deserve and can help you get the most from your retirement when the time comes.
A military financial planner understands that retirement was likely nowhere close to your thoughts when you joined the military (sometimes at 18 years of age). Since then, you still might not have looked too far into the future.
Many servicemembers, their spouses, and even Veterans don’t realize the many steps required to receive all the benefits afforded to servicemembers. Financial planning for military servicemembers and their families can help you no matter where you are in your journey.
No matter how close you are to retiring—or how far away—you’ll be ready for it by following AWM&T’s six-step plan for military retirement planning:
Depending on whether you’re a servicemember, a spouse, or a Veteran working in civilian life, your steps to retirement may look very different. However, a financial professional specializing in financial planning for military families can also help you plot out the retirement you want with the military benefits you’ve earned.
No matter your circumstances, financial planning for military families can help you maximize your benefits—military or otherwise. A military financial planner can help with the TSP, military pension benefits, and disability benefits, as well as the related Social Security benefits, individual retirement accounts (IRAs), and 401(k)s.
Here are some of the services you can get with a financial advisor:
You deserve to get every benefit you’ve earned. Our team of financial planners at AWM&T knows military benefits and understands civilian benefits.
Your dedicated Relationship Manager works with a financial planner to assess your net worth, cash flow, and insurance, while also evaluating your education spending, retirement savings, and estate planning to design your best possible retirement.
Financial planning for military families is what we do at AWM&T. We can help you prepare and plan for your retirement from military service into civilian life or from your current civilian position. Even if you’re already retired, a military financial planner might help you uncover benefits that could support your retirement income.
Ready to prepare for the retirement you’ve earned? We’re here to deliver the wealth management solutions and the specialized financial advice you need and deserve. To get in touch, call 1-910-307-3500 or click here to speak to a professional. You can learn more information on our website here.
AWM&T was created in 2012 to meet the financial needs of military families. We provide experienced, trustworthy, long-range financial planning, investment management, and trust administration services to support financial independence and security. We aim to be the premier provider of fiduciary services by always working for our Members’ best interests.
We are proud to share the mission, vision, and values of AAFMAA, our parent company. We consistently build on AAFMAA’s rich history and tradition to provide our Members with a source of compassion, trust, and protection. Through AAFMAA’s long-standing legacy and our financial expertise, AWM&T is honored to provide personalized wealth management services to military families across generations.