Money Plan for Military and Veteran Families

Help with creating a plan to reach your military retirement goals

I serve military and veteran families who feel a strong sense of community with their military family. They want to find the same sense of purpose as a civilian, but worry they will not have the resources available to pursue their preferred career.

Military and Veteran families adapt to the ups & downs of military life and post-military careers

  • PCSs and moves create financial & integration stress
  • Financial issues can impact their career
  • Numerous family separations cause stress during separation and during re-integration
  • Frequent life events and separations require different savings goals
  • Rent vs. buy decision depends on unique factors
  • Saving for military children’s future is complex

93% of Military have Debt... And Repayment of that Debt is their #1 Savings Goal

80% of military families experience high financial stress during a PCS, creating a need to plan for these frequent moves, from having a PCS Fund, to creating a new will and estate plan. The frequent separations and life events that occur, sometimes with little notice, also create unique short-term savings needs.

67% of military spouses experience problems dealing with issues & decisions during a deployment. Creating an agreed upon path to follow reduces these deployment stresses and encourages communication when faced with financial issues & decisions.

Military families also have distinctive long-term savings needs. Families that are nearing retirement often start planning for their long-term family goals, which may impact their decision on whether to rent or buy a home or property. Saving for their children’s future also depends on their family’s long-term goals, in addition to their viewpoint about college versus other career options. 

Despite all the stresses, career military families feel tremendous pride in the military culture and 71% actively volunteer to help build that sense of belonging they love (compared to only 25% of civilians who volunteer). Defining their family mission and goals helps families plan their future civilian careers and create this same sense of community in their forever home.

After many years of service, families have difficulty leaving military life. Only 19% of veterans reported positive employment experiences transitioning to civilian. The overwhelming responses were negative: feeling left behind, misunderstood by civilians, and a loss of their sense of belonging and purpose. These transition anxieties often result in poor decisions in those first few months, choosing a non-ideal job or community just to provide stability for their family.

Having a financial plan reduces transition anxieties and provides the freedom to put their families’ needs first and create their next meaningful life as a civilian.