People that are in the United States military earn a retirement pension after 20 years of service, and the benefit increases for those that stay on active duty for longer periods of time. This can provide a pathway to a comfortable retirement, but there is another benefit that flies under the radar. Veterans Pension for Wartime Service There is also the Veterans Pension that is available to some people that served when the country was at war. The length of service requirement for vets that … [Read more...] about An Overview of 2022 Veterans Pension Rates
People that served in the United States armed forces make great sacrifices for the benefit of their country, and their family members do the same. Wartime veterans in particular deserve all the gratitude that we can bestow. Many veterans are eligible for a VA benefit that helps pay for long-term care when they are senior citizens. Veterans Aid and Attendance Pension We have all heard of the “retired pay” that veterans earn after spending at least 20 years in the military. There is … [Read more...] about Are You Aware of the Veterans Aid and Attendance Pension?
In the United States, veterans, their dependents, and survivors are entitled to a number of benefits and may qualify for assistance programs as a result of the veteran's service. One program that may help veterans and their spouses should they need help in their home, or to move into an assisted living or long-term care community is the Veterans Aid & Attendance program. The VA&A program is not a well-known program. The benefits it provides can make a huge difference to seniors … [Read more...] about How Does a Veteran Qualify for Aid & Attendance?
For men and women who have served in the Armed Force and their surviving spouses and dependents, the United States offers a wide range of benefits and assistance programs. Although you may know about some of the benefits to which you may be entitled as a veteran or survivor, one benefit program you may not know about offers a monthly monetary benefit that may come in handy. You may be entitled to additional benefits through a lesser known program referred to as “Veterans Aid and Attendance … [Read more...] about What Is the Aid and Attendance Benefit for Veterans?
There are some so-called "simple solutions" out there when it comes to estate planning. Some people buy into them, and, in many instances, unintended negative consequences result. With this in mind, let's look at payable on death accounts. … [Read more...] about What Is a Payable on Death Account?