487 | Military FI: Optimizing Your Financial Plan before Military Retirement | Daniel Kopp, CFP
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Understanding the Survivor Benefit Plan in Military Retirement
The chapter delves into the Survivor Benefit Plan (SBP) for retired military members, explaining its benefits, costs, and role in ensuring financial security for surviving spouses and children. It emphasizes the importance of considering SBP alongside a military pension in long-term financial planning for retirement, highlighting the predictability and security it offers. Discussions also cover the intricacies of contingent beneficiaries, child coverage options, and recent congressional rules affecting SBP and DAC eligibility.
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