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):

• Navigate your military retirement pay and survivor benefit plan alternatives by getting FREE access to our white papers. We have a case study library for the following ranks: E7, E8, E9, O5 and O6. Visit https://usvetwealth.com/
• High-3 Calculator https://militarypay.defense.gov/Calculators/High-3-Calculator/
• SBP Financial Planning Tools https://actuary.defense.gov/Survivor-Benefit-Plans/
• SBP Subsidy Program https://actuary.defense.gov/Portals/15/SBP%20Subsidy%202022.xlsx

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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/

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Check out our growing list of resources at our website thespousebenefitplan.com or contact Jen at jen@usvetwealth.com

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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,