Transitioning from military to civilian life or retirement is not something to take lightly. Nearly 50% of military veterans indicate their transition to civilian life was more difficult than expected. Many steps and procedures can help ease your transition, but waiting until the last minute to start the process can lead to delays and setbacks along the way.
It’s vital to plan for medical and financial changes when transitioning out of the military. We know financial planning after a military career can be overwhelming, so we’ve compiled a guide to help veterans transition out of military life with ease.
Retiring from the military is not as simple as retiring from the traditional workforce. With numerous financial and medical issues to solve before retirement, utilizing our “Retiring from the Military” Checklist will help ensure the retirement process runs smoothly:
Using our “Separation from the Military Checklist” can help ensure you’ve done all the necessary preparation to avoid any unforeseen circumstances. For traditional military transitions, you should start your financial and medical transitions about six months before your official leave date:
Regardless of your situation, transitioning from the military requires a lot of work and preparation, so the sooner you start, the better off you’ll be in the long run. Make sure to use the “retiring from the military checklist” to help ensure all your paperwork, certifications, and medical issues are squared away.
Speak with a Relationship Manager at AAFMAA Wealth Management & Trust today to start your military transition with the proper knowledge to lessen the confusing retirement or separation process.
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.
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.
Information provided by AAFMAA Wealth Management & Trust LLC is not intended to be tax or legal advice. Nothing contained in this communication should be interpreted as such. We encourage you to seek guidance from your tax or legal advisor. Past performance does not guarantee future results.
Sources:
Military-Transition.org (2019) – [Homepage statistics] https://www.military-transition.org/
Military.com- (2019) 7 Secrets for Successful Military Career Transitions [Blog post] https://www.military.com/veteran-jobs/career-advice/military-transition/secrets-for-successful-military-career-transition.html