As a military servicemember, you’ve made many sacrifices to serve our country. Frequent relocations, sudden calls to active duty, and transitioning to civilian life can pose significant challenges. Both Veterans and servicemembers can benefit from financial planning for military members—but in what specific ways? Read on for advice from the military-focused financial professionals with AAFMAA Wealth Management & Trust LLC (AWM&T).
There are many ways financial planning can benefit your military family and help you attain and preserve long-term wealth. Here are just a few of the key areas in which military financial planning can be beneficial.
Managing Military Pay in Retirement
Just as military wages are administered differently than civilian pay, retired servicemembers often find their financial landscape differs from their active-duty days, when they earned a combination of base pay and allowances as deemed necessary.
In retirement, having a comprehensive financial plan becomes even more crucial. This plan should assess income sources, including retirement benefits, pensions, and any additional income streams. It’s also important to strategize for tax advantages related to benefits such as housing and equipment allowances, optimizing your overall financial picture.
Saving and Investing for Retirement
If you’re like most Americans, you’re working toward the goal of retirement. You may have dedicated retirement funds and investment portfolios that slowly and deliberately build wealth for the future through the Thrift Savings Plan (TSP). At AWM&T, we are well-versed in the nuances of the TSP, military pensions, VA disability benefits, and more.
An AWM&T Relationship Manager helps servicemembers maximize and diversify investment holdings. We use risk tolerance, asset allocation, and strategic retirement plans to foster financial literacy and build toward your future. Financial planning for military retirees like you can also include help with transitioning to civilian life.
Assistance in Reaching Major Financial Milestones
Our financial planners help current and Veteran servicemembers save for and structure life-altering purchases like homes, cars, college tuition, vacations, legacy planning, and other expensive items and life events. We also identify hidden costs, insurance needs, taxes, and other items that affect your long-term budget and financial goals.
With financial planning for military families, active-duty servicemembers and Veterans like you can build a meaningful road map for acquiring the big-ticket items you richly deserve.
Take the Next Step with AWM&T
You deserve guidance from military financial professionals who demonstrate extensive knowledge, ethical standards, and a commitment to your best interests. Financial planning is more than just numbers — it’s about securing your future and ensuring peace of mind. Speak with one of our credentialed professionals today to get personalized guidance tailored to your unique situation. Visit aafmaatrust.com or call 1-910-307-3500 to learn more.
About Us
Founded in 2012, AAFMAA Wealth Management & Trust LLC (AWM&T) was created to meet the distinct financial needs of military families. We proudly deliver experienced, trustworthy financial planning, investment management, and trust administration services – all designed to promote lasting security and independence.
We are proud to share the mission, vision, and values of Armed Forces Mutual, our parent company. We consistently build on the Association’s rich history and tradition to provide our Members with a source of compassion, trust, and protection. At AWM&T, we are committed to serving as your trusted fiduciary, always putting your best interests first. Through Armed Forces Mutual's legacy and our financial guidance, we provide personalized wealth management solutions to military families across generations.
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