How to Conquer the Challenges You Face When Leaving the Military
MILMO Show
English - September 24, 2018 10:00 - 45 minutes - 31.1 MB - ★★★★★ - 58 ratingsInvesting Business Entrepreneurship investing militaryspouse personalfinance entrepreneurship laceylangford military militaryfinance militarymoney money veteran Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Are you ready to separate or retire from military service? The transition out of military service isn’t something that should be taken lightly or put off until the last minute.
In this episode of MilMoney Movement podcast, Hank Coleman and Lacey Langford talk with Mike Kelly, Assistant Vice President of Military Advocacy at USAA, about many of the challenges Service members and their spouses face when leaving the military. Mike also shares some of the initiatives USAA has taken to help milspouses with un and underemployment.
No matter how many years you have left in, there needs to be some type of planning for your separation or retirement from service. In this episode we discuss:
Separation challenges
Some of the challenges Service members face when separating are long transition times, difficulty finding a job, not having the proper certifications, changes in finances and education challenges.
Separation preparation timeframe
You should allow at least 2 years to prepare for your separation from the military.
Loss of benefits
The of benefits can be a shock to your finances when leaving the military. Remembering to budget for increases in health care, life insurance, dental, housing, and taxes can help your finances on track.
Relocation after service
Many Service members and their spouses do not intend to stay in the local area of their last duty station. If you’ve haven’t done proper planning it could mean staying in an area you don’t like.
Impact of military separation on milspouses
Separation from the military doesn’t just affect the Service member. Military spouses face many of the same challenges as the separating member.
Veteran and milspouse unemployment initiatives
Great improvements have been made to reduce veteran unemployment. Now the spotlight is shifting to help military spouses with un and underemployment.
Game Time
This week for Game Time we play a new game, PCS Team-Up or Tag Out.
What's on Lacey's Mind
Today, Lacey has her mind on the new changes to how finances will be reviewed for security clearances.
Podcast Links
Licensing & credentialing for milspouses BaseFest Topo Chico Michael Connelly Bosch & Mickey Haller Series USAA Service & Ink Connect with Mike Kelly and USAA Michael Kelly on LinkedIn USAA Instagram Facebook Twitter YouTubeThank You for Podcast Reviews!
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