Incorporating VA Disability Payments into Financial Planning

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This chapter discusses how to factor VA disability payments into financial planning, specifically for a couple who plan to take a sabbatical and transition to lower-paying careers. The speakers highlight the importance of planning for the worst-case scenario and debate the reliability of income from the VA. They also discuss the uncertainty of relying on Social Security benefits and offer strategies for long-term planning and adjusting assumptions.

#461: A special LIVE recording in front of an audience at Podcast Movement, an industry conference in Denver.

Former financial planner Joe Saul-Sehy and I tackle two questions in today’s episode. Our first question comes from a soon-to-be-single-mother on the precipice of divorce. How should she navigate this financially?

Our second question comes from the spouse of a Purple Heart veteran of the war in Afghanistan. She and her husband would like to take a one-year sabbatical from work when they turn 40, which is in five years. They’d also like to pivot into lower-paying but more enjoyable careers. How should they map out their money for this transition?

Joe and I dedicate this episode, recorded live on stage, to answering these two questions.

Enjoy!

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For more information, visit the show notes at https://affordanything.com/episode461

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