Here in the Oklahoma City area, there are many residents who have served honorably in the United States Armed Forces. Planning ahead as a veteran requires knowledge of all the benefits that may be available to you, so you would be well-advised to work with an experienced professional when you are preparing for the future.
Veterans who have served for at least 20 years are entitled to a military retirement pension. This can be invaluable as a financial foundation during retirement, and if you layer your Social Security benefit on top of your military pension you may find yourself in a comfortable position during your golden years.
Another type of pension that veterans who served during a time of war may qualify for is the Veterans Aid & Attendance special pension. Long-term care has become extremely expensive in the United States today and this benefit will help if you are eligible.
Single veterans who meet the eligibility requirements can receive a monthly benefit of $1632 per month, as of this writing. If you have served even a single day during a time of war, out of a minimum of 90 days of total service, you meet the length of service requirement.
If you combine your military benefits with the senior entitlements that you may qualify for as a United States taxpayer your financial future may well look quite secure. To explore your options with the benefit of legal expertise, take action right now to set up an informative consultation with a licensed and experienced Oklahoma City elder law attorney.
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Parman & Easterday