2022 AFBA Financial Planning Guide

Table of Contents

PART I —Military and Civil Service Topics

Chapter 5. The Survivor Benefit Plan The Survivor Benefit Plan (SBP) Who Can Participate? Who Can Be Beneficiaries? How Much Does The Beneficiary Receive? How Much Does It Cost? Disenrollment Dependency & Indemnity Compensation (DIC) Eligibility Requirements Additional Provisions of the SBP Taxation of SBP Annuities Chapter 6. Veterans Benefits Veterans Benefits In General Educational Support Vocational Rehabilitation & Employment Program Disability Compensation Pension Benefits Health Care Assistance Home Loan Guaranty Program Life Insurance Other Veteran Benefits Burial Benefits Survivor Benefits Telephone Assistance Chapter 7. Civil Service Pay & Retirements Overview Pay Systems General Schedule Pay Increases Health, Life and Long Term Care Insurance Retirement Systems Thrift Savings Plan (TSP) Mistakes to Avoid When Planning Your Retirement PART II — General Financial Topics Chapter 8. Principles of Financial Planning The Need For Financial Planning How To Start A Financial Plan Financial Ratios Debit or Credit Some Thoughts On Financial Planning Personal Data Worksheet List of Important People Worksheet Family Balance Sheet Budget Worksheet

Chapter 1. Military Pay & Allowances Military Income & Benefits In General Armed Forces Comparative Ranks Active Duty Basic Pay Other Types of Pay & Allowances Access To Your Pay Account Thrift Savings Plan (TSP) Military Information & Pay Worksheet Chapter 2. Reserve & National Guard Introduction Categories of Service & Duty Requirements Pay Retirement TRICARE Education Benefits Reserve Component Survivor Benefit Plan (RCSBP) Life Insurance Chapter 3. TRICARE Overview of TRICARE Active Duty Members and Dependents Retirees and Dependents TRICARE For Life (TFL) TRICARE Young Adult Pharmacy Benefits DEERS Treatment Priorities at Military Facilities Dental Care TRICARE Telephone Numbers TRICARE Regions and Contacts TRICARE Cost Table Medicare/TFL Cost Share Table Chapter 4. Military Retirements Retired Pay Background DIEMS Retired Pay Systems Retired Pay Increases Enlisted Personnel Retirements Officer Retirements Disability Retirements CRSC and CRDP Programs Retirement Services Offices (RSO) Retirement Pay Schedule

Financial Goals Worksheet Planning Actions Worksheet


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