If there is one thing that transitioning servicemembers remember is the fact that when a military retiree dies their retirement pay stops. This means that the surviving spouse will be left without a substantial income source.The Survivor Benefit Plan (SBP) is an efficient and  relatively inexpensive way to guarantee money for the surviving spouse. Election toparticipate in the Survivor Benefit Plan is generally made at the time of retirement. Enrollment in an annuity plan is notautomatic and there are costs.

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Age may be "nothing but a number," but when it comes to retirement planning some of those numbers are very important.When you leave Military Service: The Social Security Administration tells us full retirement age, commonly called normal retirement age had been 65 for many years for Americans. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959.

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This website is not an official Department of Defense website. We are a non-government website that serves the needs of America’s Armed Force service member that are transitioning from the United States Armed Forces. The American veteran also benefits from our education tools, resources, and strategies. Our mission is to deliver accurate, product neutral and product conflict free financial information to help them transition from the military world to the civilian world. We served the United States Military service branches…Active Duty and Part-time duty. https://bit.ly/2yZGhMt