Frequently asked question.
What makes financial planning different for military families?
Military families face unique challenges like frequent moves, deployments, military pay structures, and complex benefits such as pensions and Tricare. Planning must adapt to these factors.
How do military pensions work in retirement planning?
Military pensions provide guaranteed lifetime income, but the amount depends on years of service and retirement system (High-3 or Blended Retirement System). Integrating this with civilian income and savings is key.
What is the Blended Retirement System (BRS)?
BRS combines a smaller pension with automatic and matching contributions to the Thrift Savings Plan (TSP). It’s designed to provide more portable benefits for service members who don’t serve 20 years.
Can I contribute to both the Thrift Savings Plan (TSP) and an IRA?
Yes. Many military families contribute to both. Coordinating contributions helps maximize tax benefits and build long-term wealth.
What happens to my benefits if I separate before 20 years of service?
If you leave before vesting in a pension, you still keep TSP savings and may qualify for VA benefits. A separation plan helps align civilian opportunities with long-term goals.
Do military families need estate planning?
Yes. Estate planning ensures survivor benefits, powers of attorney, and guardianship instructions are in place—critical for deployments and protecting loved ones.
Do you work with military families in Charlotte, NC?
Yes. We serve military families in Charlotte, Mecklenberg County, and the greater Charlotte area, and we also work virtually with service members and veterans stationed around the world.