010: "There's only a benefit when there's a survivor." Season Finale of The Spouse Benefit Plan with Jen Amos and Scott R. Tucker

Jen Amos returns for the overdue season finale of The Spouse Benefit Plan by US VetWealth podcast!

This show started around two years ago as a spin-off of Holding Down the Fort by US VetWealth podcast to help military spouses make informed decisions about the Survivor Benefit Plan.

Jen discusses how the show came to be and her own journey of learning about the SBP. Now, she invites her husband and Founder of US VetWealth, Scott R. Tucker, to announce their newest resource, Military Retirement Blueprint, and Scott's new book Don't Forget Your War Chest. Scott provides an overview of the free resources available in the Military Retirement Blueprint to help military retirees. Together, they emphasize that their goal is to educate military families about alternative options beyond just the Survivor Benefit Plan.

Thanks for listening!

The Military Retirement Blueprint is the perfect knowledge library for career retiring military officers who want to make the most of their retirement. This specialized program provides training, guides, consulting, investment-grade insurance strategies, financial & retirement planning, and more. Join for FREE today by visiting: https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/

You served at least 20 years... Have you ever thought about how you can get the most out of your military pension? If you're a military retiree, "Don't Forget Your War Chest" is your guide to a wealthier, more secure retirement. It reveals the War Chest Strategy—a powerful way to optimize your military pension, privatize your income, and safeguard your future earnings. Purchase the book today by visiting: https://usvetwealth.com/dont-forget-your-war-chest-book-page/

Looking for another podcast show to listen to? Subscribe to our sister podcast, Holding Down the Fort by US VetWealth! Season 7 returns in Fall 2023 and will feature The Rosie Network's Service2CEO Program Cohort Members. These military-connected entrepreneurs will share their journey of how they practice a self-sufficient and financially autonomous lifestyle through entrepreneurship. Subscribe today by visiting https://holdingdownthefortpodcast.com/

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ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/

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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/

009: How many years does a surviving spouse have to live before they receive the lifetime value of the Survivor Benefit Plan?

Jen Amos immediately continues her talk about the probability that a surviving spouse is going to outlive the retiree to receive the Survivor Benefit Plan from "Ep. 008: What is the actual probability of receiving the SBP? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan)." She reveals the responsibility of a surviving spouse before they can receive the SBP, what happens if the spouse predeceases the retiree, what the annual benefit of the SBP should really be compared to (hint: it's not the cumulative cost of the SBP), what is the Lifetime Value of the SBP and the probability a surviving spouse will receive it, and a sneak peak into upcoming episodes.

Announcements

• 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/
• 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/

Resources (in the order mentioned)

• SBP Probability Calculator https://actuary.defense.gov/Portals/15/SBP%20Probability%202022.xlsx
• Retired & Annuitant Pay Processing: How Long Does It Take? https://www.dfas.mil/RetiredMilitary/about/How-Long-Does-It-Take/
• Report a Retiree's Death https://www.dfas.mil/RetiredMilitary/survivors/Retiree-Death/
• Start a Survivor Benefit Plan Annuity https://www.dfas.mil/RetiredMilitary/survivors/ApplySBP/
• Survivor Benefit Program - Spouse Coverage https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Costs-and-Benefits/Spouse-Coverage/
• Transition Assistance Program - Managing Your Transition Timeline (MYTT): https://www.dodtap.mil/dodtap/rest/docs?filename=Managing_Your_Transition_Timeline.pdf
• SBP Subsidy Calculator https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx
• Get a refresher on what is the "Present Value"...

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