LifestyleMidday Maryland


Finley Alexander Wealth Management - Veteran's Benefits

Posted at 2:17 PM, Nov 16, 2020
and last updated 2020-11-16 14:17:36-05

Like civilians, current and former members of the military may be facing significant changes in healthcare in 2021. The experts at Finley Alexander Wealth Management can help make sense of it all.

The military recently changed their pension plans so those who have served less than 20 years can contribute to a Blended Retirement System (BRS), much like a 401K. With this change though, veterans who once received 50% of what they made when they were in active duty were reduced down to 40%.

The VA is a good place to start if a veteran needs help with benefits or benefits changes, but find a financial professional who understands and specializes in veteran benefits can be an essential tool as well.

Learn more here.