55 min

007: Is the cost worth the benefit? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan‪)‬ The Spouse Benefit Plan by US VetWealth

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007: Is the cost worth the benefit? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan)
Now that we've calculated Lt. Col. Rick Howard's Estimated Retired Pay, Jen Amos walks us through the Survivor Benefit Plan (SBP) Subsidy Program to calculate what could happen to him and his spouse should they keep the SBP. She also elaborates more on new terms: Today's Dollars, Future Dollars, and opportunity cost. To get the most out of this episode, be sure to follow along by viewing the High-3 Calculator and the SBP Subsidy Program.
Resources (in the order mentioned):
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/ (https://usvetwealth.com/)
High-3 Calculator https://militarypay.defense.gov/Calculators/High-3-Calculator/ (https://militarypay.defense.gov/Calculators/High-3-Calculator/)
SBP Financial Planning Tools https://actuary.defense.gov/Survivor-Benefit-Plans/ (https://actuary.defense.gov/Survivor-Benefit-Plans/)
SBP Subsidy Program https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx (https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx)

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Check out our growing list of resources at our website http://thespousebenefitplan.com/ (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://www.linkedin.com/company/the-spouse-benefit-plan/)
https://instagram.com/thespousebenefitplan (https://instagram.com/thespousebenefitplan)
https://www.facebook.com/thespousebenefitplan/ (https://www.facebook.com/thespousebenefitplan/)
https://twitter.com/TheMilSpouseBP (https://twitter.com/TheMilSpouseBP)
https://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa (https://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa)

The Spouse Benefit Plan has been appeared or featured in https://issuu.com/therosienetwork/docs/april_2022_me_mag-7/16 (M.E. Magazine), https://youtu.be/n6f278MgwPI (The Leadership Void Show), USVW TV, Military Money Mistakes, Lessons Learned for Vets Podcast, https://www.get2vet.net/episode/holding-down-the-fort-with-jen-amos (Get2Vet Podcast), https://shoutoutsocal.com/meet-jen-amos-award-winning-podcaster-entrepreneur/ (ShoutoutSoCal) and The Rosie Network's https://www.dropbox.com/s/6a7x55hdena0tvo/2021-10-31%20-%20Jen%20Amos%20Congrats%20Message%20at%205th%20Annual%20TRN%20Entrepreneur%20Awards.mp4?dl=0 (5th National Veteran and 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 http://USVetWealth.com (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/3jNobzB (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/ (https://holdingdownthefortpodcast.com/)

007: Is the cost worth the benefit? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan)
Now that we've calculated Lt. Col. Rick Howard's Estimated Retired Pay, Jen Amos walks us through the Survivor Benefit Plan (SBP) Subsidy Program to calculate what could happen to him and his spouse should they keep the SBP. She also elaborates more on new terms: Today's Dollars, Future Dollars, and opportunity cost. To get the most out of this episode, be sure to follow along by viewing the High-3 Calculator and the SBP Subsidy Program.
Resources (in the order mentioned):
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/ (https://usvetwealth.com/)
High-3 Calculator https://militarypay.defense.gov/Calculators/High-3-Calculator/ (https://militarypay.defense.gov/Calculators/High-3-Calculator/)
SBP Financial Planning Tools https://actuary.defense.gov/Survivor-Benefit-Plans/ (https://actuary.defense.gov/Survivor-Benefit-Plans/)
SBP Subsidy Program https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx (https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx)

--
Check out our growing list of resources at our website http://thespousebenefitplan.com/ (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://www.linkedin.com/company/the-spouse-benefit-plan/)
https://instagram.com/thespousebenefitplan (https://instagram.com/thespousebenefitplan)
https://www.facebook.com/thespousebenefitplan/ (https://www.facebook.com/thespousebenefitplan/)
https://twitter.com/TheMilSpouseBP (https://twitter.com/TheMilSpouseBP)
https://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa (https://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa)

The Spouse Benefit Plan has been appeared or featured in https://issuu.com/therosienetwork/docs/april_2022_me_mag-7/16 (M.E. Magazine), https://youtu.be/n6f278MgwPI (The Leadership Void Show), USVW TV, Military Money Mistakes, Lessons Learned for Vets Podcast, https://www.get2vet.net/episode/holding-down-the-fort-with-jen-amos (Get2Vet Podcast), https://shoutoutsocal.com/meet-jen-amos-award-winning-podcaster-entrepreneur/ (ShoutoutSoCal) and The Rosie Network's https://www.dropbox.com/s/6a7x55hdena0tvo/2021-10-31%20-%20Jen%20Amos%20Congrats%20Message%20at%205th%20Annual%20TRN%20Entrepreneur%20Awards.mp4?dl=0 (5th National Veteran and 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 http://USVetWealth.com (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/3jNobzB (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/ (https://holdingdownthefortpodcast.com/)

55 min