The Table Financial Planning

Please take a few minutes to read this article and understand how it relates to your military service.

Burn Pit Registry Redesign Auto Enrolls Participants and Simplifies Requirements The Department of Veterans Affairs is advancing efforts to address issues associated with military-related toxic exposure by launching a redesigned Airborne Hazards and Open Burn Pit Registry.

I will be part of the advisor team for next week’s AMA — sign up and join me!

Military Financial Advisors Association's Ask Me Anything Financial professionals who work with military families and veterans will answer financial questions military members have.

SBP Open Season NDAA2023 SBP Open Season NDAA2023

Two recent topics of interest for our military and veteran clients are the Survivor Benefit Plan (SBP) Open Season and increased coverage for Service Members Group Life Insurance (SGLI). Details on each and where to get more are outlined below.

SBP Open Season:
Congress approved a Survivor Benefit Plan (SBP) Open Season beginning December 23, 2022, and ending January 1, 2024. This Open Season allows you to change SBP elections you have previously made. Open Season provides two choices -- end or start coverage. Ending coverage will permanently discontinue coverage. Start ("Elect") coverage allows eligible members currently NOT enrolled (declined SBP coverage) to request SBP.

More details: https://lnkd.in/gSAKUSq4

SGLI
Effective March 1, 2023, the maximum amount of SGLI coverage will be increased from $400,000 to $500,000 for $31 per month (including $1/month for TSGLI). All eligible service members will be automatically insured including those who previously declined or reduced coverage. The new premium will be deducted from base pay.

https://lnkd.in/gS_JQivc

If you have any questions or want us to run some scenarios for either of the changes, please get in touch!
https://lnkd.in/g93w6eNB

SBP Open Season NDAA2023 SBP Open Season NDAA2023

As we approach the holiday season, don't forget about the Arizona state charitable tax credits that lower your state tax bill dollar-for-dollar while you support some of your favorite non-profits and local schools. If you have not taken advantage of this, set up a call to ask me how!
https://azdor.gov/tax-credits

You can still save for retirement in the 2021 bucket -- ask me how! https://local.google.com/place?id=11567093676333751966&use=posts&lpsid=CIHM0ogKEICAgICynef0UQ

The Table Financial Planning on Google Start the new year getting your financial life organized!

Demystifying credit! AFCPE's "Real Money, Real Experts" podcast is talking to Experian. I enjoyed the time I spent with the two co-hosts during my appearance and hope you will learn a lot in their conversation with Rod. You know where to find me with any follow-on questions you might have!
https://www.buzzsprout.com/1090013/8319986-demystifying-credit-with-experian-s-rod-griffin?mc_cid=7f3e572791&mc_eid=a388835fcb

Demystifying Credit with Experian’s Rod Griffin - Real Money, Real Experts What’s the difference between a credit report and a credit score? Can COVID-19 have an impact on my score? How often should I be checking my credit?You've got credit scores and we have answers! On this week’s episode of Real Money, Real Experts. C...