The Spouse Benefit Plan by US VetWealth

010: "There's only a benefit when there's a survivor." Season Finale of The Spouse Benefit Plan with Jen Amos and Scott R. Tucker Jen Amos returns for the overdue season finale of The Spouse Benefit Plan by US VetWealth podcast! This show started around two years ago as a spin-off of Holding Down the Fort by US VetWealth podcast to help military spouses make informed decisions about the Survivor Benefit Plan. Jen discusses how the show came to be and her own journey of learning about the SBP. Now, she invites her husband and Founder of US VetWealth, Scott R. Tucker, to announce their newest resource, Military Retirement Blueprint, and Scott's new book Don't Forget Your War Chest. Scott provides an overview of the free resources available in the Military Retirement Blueprint to help military retirees. Together, they emphasize that their goal is to educate military families about alternative options beyond just the Survivor Benefit Plan. Thanks for listening! The Military Retirement Blueprint is the perfect knowledge library for career retiring military officers who want to make the most of their retirement. This specialized program provides training, guides, consulting, investment-grade insurance strategies, financial & retirement planning, and more. Join for FREE today by visiting: https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ You served at least 20 years... Have you ever thought about how you can get the most out of your military pension? If you're a military retiree, "Don't Forget Your War Chest" is your guide to a wealthier, more secure retirement. It reveals the War Chest Strategy—a powerful way to optimize your military pension, privatize your income, and safeguard your future earnings. Purchase the book today by visiting: https://usvetwealth.com/dont-forget-your-war-chest-book-page/ Looking for another podcast show to listen to? Subscribe to our sister podcast, Holding Down the Fort by US VetWealth! Season 7 returns in Fall 2023 and will feature The Rosie Network's Service2CEO Program Cohort Members. These military-connected entrepreneurs will share their journey of how they practice a self-sufficient and financially autonomous lifestyle through entrepreneurship. Subscribe today by visiting https://holdingdownthefortpodcast.com/ -- ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ -- Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/

009: How many years does a surviving spouse have to live before they receive the lifetime value of the Survivor Benefit Plan? Jen Amos immediately continues her talk about the probability that a surviving spouse is going to outlive the retiree to receive the Survivor Benefit Plan from "Ep. 008: What is the actual probability of receiving the SBP? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan)." She reveals the responsibility of a surviving spouse before they can receive the SBP, what happens if the spouse predeceases the retiree, what the annual benefit of the SBP should really be compared to (hint: it's not the cumulative cost of the SBP), what is the Lifetime Value of the SBP and the probability a surviving spouse will receive it, and a sneak peak into upcoming episodes. Announcements https://militaryretirementblueprint.mn.co/https://www.plutusawards.com/finalistshttps://www.disneyinstitute.com/disney-institute-summits/veterans-institute-summit/speakers/ Resources (in the order mentioned) https://actuary.defense.gov/Portals/15/SBP%20Probability%202022.xlsxhttps://www.dfas.mil/RetiredMilitary/about/How-Long-Does-It-Take/https://www.dfas.mil/RetiredMilitary/survivors/Retiree-Death/https://www.dfas.mil/RetiredMilitary/survivors/ApplySBP/https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Costs-and-Benefits/Spouse-Coverage/https://www.dodtap.mil/dodtap/rest/docs?filename=Managing_Your_Transition_Timeline.pdfhttps://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx

008: What is the actual probability of receiving the SBP? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan) Jen Amos returns with a two part series to answer the big question: What is the actual probability of receiving the SBP? She shares general reflections of producing the Spouse Benefit Plan thus far, addresses the client skepticism her US VetWealth colleagues receive when proposing private financial solutions, and explains where she first heard the "morbid talk." Then, she walks the listener through the SBP Probability Calculator to determine what is the actual probability that a retirees' spouse will receive the SBP. Resources (in the order mentioned): https://youtu.be/j9BUy1sg6HYhttps://militaryretirementblueprint.mn.co/https://www.holdingdownthefortpodcast.com/episode/107https://www.holdingdownthefortpodcast.com/episode/140https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/https://actuary.defense.gov/Survivor-Benefit-Plans/https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsxhttps://usvetwealth.com/https://usvetwealth.com/retirementpay/https://actuary.defense.gov/Portals/15/SBP%20Probability%202022.xlsxhttps://www.forbes.com/advisor/investing/roi-return-on-investment/https://www.dfas.mil/RetiredMilitary/about/How-Long-Does-It-Take/ Announcements

007: Is the cost worth the benefit? (Case Study: O5 retiring at 20 years with the Survivor Benefit Plan) Now that we've calculated Lt. Col. Rick Howard's Estimated Retired Pay, Jen Amos walks us through the Survivor Benefit Plan (SBP) Subsidy Program to calculate what could happen to him and his spouse should they keep the SBP. She also elaborates more on new terms: Today's Dollars, Future Dollars, and opportunity cost. To get the most out of this episode, be sure to follow along by viewing the High-3 Calculator and the SBP Subsidy Program. Resources (in the order mentioned): https://usvetwealth.com/https://militarypay.defense.gov/Calculators/High-3-Calculator/https://actuary.defense.gov/Survivor-Benefit-Plans/https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx -- ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ -- Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/https://instagram.com/thespousebenefitplanhttps://www.facebook.com/thespousebenefitplan/https://twitter.com/TheMilSpouseBPhttps://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa The Spouse Benefit Plan has been appeared or featured in M.E. Magazine, The Leadership Void Show, USVW TV, Military Money Mistakes, Lessons Learned for Vets Podcast, Get2Vet Podcast,

006: What's your Monthly Barrel of Wine worth? (Case Study: O5 retiring at 20 years) Jen Amos turns our winery analogy into real dollars by doing an in-depth walkthrough of calculating the Estimated Retired Pay for Lt. Colonel Rick Howard - an O5 retiring at 20 years with the High-3 Calculator. If you haven't written down your numbers yet, this is the perfect opportunity to calculate the following: In the next episode, we will play out what happens to an O5 retiring at 20 years should they keep or opt out of the Survivor Benefit Plan. Additional Notes Resources https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Paid-Up-SBP/https://youtu.be/n6f278MgwPIhttps://www.holdingdownthefortpodcast.com/episode/49https://usvetwealth.com/retirementpay/https://militarypay.defense.gov/Calculators/High-3-Calculator/ Video Explanations -- ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ -- Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com Connect with us on social media:

005: It's not a good thing when a surviving family member knows more about this than a seasoned spouse By now, you may have learned a very important fact about your monthly retired pay that you can no longer unlearn. Jen Amos takes a moment from educating to have a heart-to-heart talk about what understanding the Survivor Benefit Plan and your military pension is all about: unlocking your inner confidence to choose how you'll manage your finances from here on out for post-military life. Jen recaps what we've learned thus far, shares her candid thoughts about the Survivor Benefit Plan, and gets honest with what it'll take should you be interested in protecting 100% of your military pension. Resources (in the order they were mentioned) https://www.amazon.com/dp/B08HM9XKT6/ref=cm_sw_r_tw_dp_8F64FVZQN0MCFZ5BNSBChttps://issuu.com/therosienetwork/docs/april_2022_me_mag-7/16https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/https://usvetwealth.com/retirementpay/ -- -- ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ -- Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/https://instagram.com/thespousebenefitplanhttps://www.facebook.com/thespousebenefitplan/https://twitter.com/TheMilSpouseBPhttps://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa The Spouse Benefit Plan has been appeared or featured in

004: If you had to choose between 100 cups of wine vs. 55 cups of wine, which one would you pick? How important is it for you and your family to protect the military pension? Jen Amos recaps how the military pension is more than a retired monthly pay by reiterating the wine analogy. Remember to refer to the last episode to learn how to calculate your Estimated Retired Pay, Total Retirement Benefit, and Present Value. Jen continues to explain what these numbers mean and how they relate to understanding the Survivor Benefit Plan. Additional Notes: https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Costs-and-Benefits/https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Costs-and-Benefits/Spouse-Coverage/ Resources (in the order they were mentioned) https://usvetwealth.com/sbp-online-workshop-lp/jen@usvetwealth.comhttps://www.nationwide.com/lc/resources/investing-and-retirement/articles/what-is-an-annuityhttps://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/ -- ANNOUNCEMENT: As of summer 2023, The Spouse Benefit Plan by US VetWealth podcast will be on hiatus. For a continuation of the Survivor Benefit Plan discussion, we invite you to join US VetWealth's FREE resource hub, Military Retirement Blueprint, which also includes a FREE digital copy of Scott R. Tucker's latest book, Don't Forget Your War Chest. Join today by visiting https://usvetwealth.com/war-chest-learning-center-access-the-military-retirement-blueprint/ -- Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com Connect with us on social media:

003: Here's what to say the next time someone says, "Thank you for your service." Jen Amos takes a detour from the Survivor Benefit Plan to talk about the most important thing it protects: your military pension. She explains the basics of the military pension, how to calculate your Estimated Retired Pay, and introduces financial terms: the "present value" and an "annuity." Lastly, she shares a clever way to respond the next time someone says, "Thank you for your service." Resources (in the order they were mentioned) https://usvetwealth.com/https://usvetwealth.com/sbp-online-workshop-lp/https://actuary.defense.gov/Survivor-Benefit-Plans/https://actuary.defense.gov/Portals/15/SBP%20Probability%202022.xlsxhttps://militarypay.defense.gov/Pay/Retirement/ActiveDuty.aspxhttps://sgp.fas.org/crs/misc/RL34751.pdfhttps://www.military.com/benefits/military-pay/military-retired-pay-overview.htmlhttps://militarypay.defense.gov/Calculators/High-3-Calculator/https://www.dfas.mil/RetiredMilitary/plan/estimate/https://militarypay.defense.gov/Calculators.aspxhttps://usvetwealth.com/calculate-present-value-of-military-pension/https://www.nationwide.com/lc/resources/investing-and-retirement/articles/what-is-an-annuityhttps://www.dfas.mil/RetiredMilitary/provide/two-ways/https://sgp.fas.org/crs/natsec/IF10483.pdf

002: I wish you didn't have to care about this topic Happy 2022! Jen Amos kicks off the new year with a commentary on her upcoming, yet-to-be-named book! She reads the transcript of the introduction, which talks about how she arrived to hosting The Spouse Benefit Plan, her background as a Gold Star family member, her award-winning podcast show Holding Down the Fort, why it's difficult to talk about the Survivor Benefit Plan, who this show is for and NOT for, and a hint to the next episode's topic. Resources In the Order They Were Mentioned: https://www.amazon.com/dp/B08HM9XKT6/ref=cm_sw_r_tw_dp_8F64FVZQN0MCFZ5BNSBChttps://www.holdingdownthefortpodcast.com/https://www.amazon.com/Veteran-Wealth-Secrets-Post-Military-Obtaining-ebook/dp/B08HM61QLR/https://priceoffreedomfoundation.org/https://scalar.usc.edu/works/fpahm-timeline-project/family-memories-military-fathers-legacyhttps://therosienetwork.org/2021-entrepreneur-awards The attached transcript was generated by AI and may read imperfectly. Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at thespousebenefitplan@gmail.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/https://instagram.com/thespousebenefitplanhttps://www.facebook.com/thespousebenefitplan/https://twitter.com/TheMilSpouseBPhttps://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa The Spouse Benefit Plan has been featured in ShoutoutSoCal and The Rosie Network's 5th National Veteran & Military Spouse Entrepreneur...

001: Death doesn't have to be a morbid conversation Jen Amos, creator and co-host of the award-winning podcast Holding Down the Fort, introduces its sister show, The Spouse Benefit Plan. She brings light to the challenges that military spouses face, how her background as a Gold Star daughter inspires her work today, and touches upon the responsibility of a spouse to confidently keep or opt out of the Survivor Benefit Plan. The Spouse Benefit Plan is a developing project. Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at thespousebenefitplan@gmail.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/https://instagram.com/thespousebenefitplanhttps://www.facebook.com/thespousebenefitplan/https://twitter.com/TheMilSpouseBPhttps://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa The Spouse Benefit Plan has been featured in ShoutoutSoCal and The Rosie Network's 5th National Veteran & Military Spouse Entrepreneur Awards This show is intended to be educational and not to be taken as financial advice. To discuss your unique financial situation, reach out to our show sponsor, US VetWealth at USVetWealth.com or email Jen Amos jen@usvetwealth.com Enjoy our show? Kindly leave us a 5-Star written review on Apple Podcasts, Podchaser or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobz Want to hear more from Jen? Check out our sister show and award-winning podcast, Holding Down the Fort https://holdingdownthefortpodcast.com/

COMING SOON: The Spouse Benefit Plan - Helping military couples keep or opt out of the Survivor Benefit Plan Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at thespousebenefitplan@gmail.com Connect with us on social media: https://www.linkedin.com/company/the-spouse-benefit-plan/https://instagram.com/thespousebenefitplanhttps://www.facebook.com/thespousebenefitplan/https://twitter.com/TheMilSpouseBPhttps://www.youtube.com/playlist?list=PLMUaLQy_PjUy8KjsoAcl0VOH61D_cJJZa The Spouse Benefit Plan has been featured in ShoutoutSoCal and The Rosie Network's 5th National Veteran & Military Spouse Entrepreneur Awards This show is intended to be educational and not to be taken as financial advice. To discuss your unique financial situation, reach out to our show sponsor, US VetWealth at USVetWealth.com or email Jen Amos jen@usvetwealth.com Enjoy our show? Kindly leave us a 5-Star written review on Apple Podcasts, Podchaser or write a LinkedIn Recommendation for Jen https://bit.ly/3jNobz Want to hear more from Jen? Check out our parent show and award-winning podcast, Holding Down the Fort https://holdingdownthefortpodcast.com/ QZsWqeRe77N84qZhUtkG