Project 1: FIN 107
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Go-Go, Slow-Go, and No-Go Years PDF
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November 19, 2025 ETC. |
ReportsJP Morgan Savings Targets 2025 guide-to-retirement-us vanguard_retirement_outlook_strong_national_progress_opportunities_ahead
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Wk 1 Will and Trust
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The Administration of Estates | PDF Guide to the Administration of Decedents' Estates in Virginia A Guide to the Administration of Decedents’ Estates in Virginia | PDF YouTube How to Probate an Estate – Qualifying in Fairfax County Link Planning For Your Financial Future After Death Of Loved One Will and Trusts | Class Breaking an irrevocable trust is difficult but possible through agreement, court action, or by using provisions like a trust protector or power of appointment. To break it via agreement, you'll need the written consent of all beneficiaries and potentially the grantor (if alive), followed by a court petition. Court action is also an option if all beneficiaries agree, a material purpose isn't being met , or if there are legal grounds like fraud or coercion. Look at the language of terms. Move assest out of trust. Need new deed. A revocation form with signatures with notary. You can amend the trust. Create ano Irrevokable trust---It has its own tax id number, 1041 tax return, K-1, Final tax return when the funds are depleted.
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Wk 2 IRS
Property Tax
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IRS Withholding Certificate for Periodic Pension or Annuity Payments military-member-final-tax-return-survivor-benefits-program-f1099r for final pay of dad (military pay) and mom (survivors benefit program) Innocent spouse SS Tax 38 States October 14, 2025 Taxes Good Information : Publication 575 (2024), Pension and Annuity Income
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Wk 3 Military 1
SBP Survivor Benfits Program |
Report a Military Retirees Death : Link Here Customer Care Center at 1-800-321-1080 Final pay of deceased military member The Retiree’s Final Tax Document, this is an IRS website (1099-R) for retiree pay Do you know our date of marriage? Retirees for military member dies checklist | PDF Military Presentation 17 percent of military go the full 20 years. 2023 open season for SBP Customer Care 800-321-1080 Start a Survivor Benefit Plan Annuity DFAS - U.S. Military Annuitant Pay Sign in Survivor Benefit Plan Eligibility Verification Updates YouTube if the spouse is dead, any eligible child until 18 or 22 if in school full time OR incapicitated special needs. You need to submit a form annually to confirm you are not remarried. College students needs to verify if they are in school full time. If you are recieving a check each month, you need to annually verify your address (dates are different when to update.) Newsletter for current information 2024 SBP-DIC Offset Repeal FAQ | Estimate your retirement pay Military Compensation and Financial Readiness | How to compute | Compute for spouse SURVIVOR BENEFIT PLAN (SBP) ELECTION STATEMENT FOR FORMER SPOUSE COVERAGE | PDF SURVIVOR BENEFIT PLAN ELECTION CHANGE CERTIFICATE | PDF BEGIN HERE FOR YOUR REPORT | Great PowerPoint | PDF Military Compensation and Financial Readiness Military Compensation and Financial Readiness Start a Survivor Benefit Plan Annuity DD Form 2656-7 VERIFICATION FOR SURVIVOR ANNUITY | PDF Withholding Certificate for Periodic Pension or Annuity Payments | PDF Withholding Certificate for Pension or Annuity (IRS W-4P) - To have federal taxes withheld from the annuity NSTRUCTIONS FOR PROCESSING FEDERAL EMPLOYEE PAYMENT | PDF To have payments directly deposited to your bank account, SBP Annuitant/Survivor - Form Upload Tools DIRECT DEPOSIT SIGN-UP FORM | PDF Direct Deposit Enrollment Form (SF 1199A) If you have not already sent to DFAS: a copy of the retiree’s death certificate showing cause of death or a service member’s DD 1300 Report of Casualty Report a Retiree's Death | Online report a Retiree's Death | Form Data for Payment of Retired Personnel | PDF | sign up for SBP Updated 2025/02/13 Form for unpaid compensation of deseased member of the uniformed services | PDF Form 1174 SBP News letter October 1, 2025 | Help with anniants myPay: How to Get Started or Reactivate Your AccountPrepare you annitant family of your death | Link come here DD Form 214 / DD214 / DD 214 Discharge Papers and Separation Documents DD-214: Certificate of Release or Discharge from Active Duty | Request | Go here to get information | IDMe | Verify Identity youtube | Survivor Benefit Plan (SBP) Open Season YouTube 10 places to get information with the Suvivor Benefits Porgram Retired & Annuitant Pay Forms Library The Department of Defense Office of the Actuary Survivor Benefit Plan pages: https://actuary.defense.gov/Survivor-Benefit-Plans/ SBP law are in Chapter 73, Title 10, United States Code
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Wk 4 Medicare |
Medicare Medicare Income-Related Monthly Adjustment Amount - Life-Changing Event | PDF YOU DO NOT PAY FOR MEDICARE PART A | MEDICARE PART B COSTS gov site 2025 | PDF FACT SHEET 2025 Medicare Costs 2025 | PDF Costs $480.90 October 1, 2025 per family October 13, 2025 Tricare for Life Videos: What is Tricare for Life leaving military heath care | Planned costs | Tricare for Life Costs | Medicare Part B monthly premium Medicare Part B Premiums for TRICARE For Life Handbook for TRICARE® For Life | PDF Costs not covered by Tricare List given
Good infomation for Medicare and Tricare For Life
Tricare Wallet informational Information
Tricare for life deductibles $150 for individual $300 for family The TRICARE For Life (TFL) catastrophic cap limits out-of-pocket costs to $3,000 per calendar year for individuals or families receiving TFL healthcare. Once this amount is reached, TRICARE pays the costs of all other covered services for the remainder of the year. Medicare Part A: Cost Matrix | PDF Good overview of Tricare for Life and Medicare Medicare sign up As long as you have creditable prescription drug coverage , you can wait to join a Medicare drug plan or a Medicare Advantage Plan with drug coverage. Forms used to sign up for Medicare Tricare for Life
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Wk 5 Long-Term Care |
VA does cover some long term assisted living | Paying for long term care Government Long-Term care calculator per area and state
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Wk 6 Stats
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People with divorce agreements dated January 1, 2019, or after don't have to include information about alimony payments on their federal income tax returns since it isn't considered income or a deduction. Led by Baby Boomers, divorce rates climb for America’s 50+ population The Uniformed Services Former Spouse Protection Act (USFSPA) governs the division of a servicemember’s military retired pay. The law instead permits state courts to treat disposable military retired pay as “marital property” and divide it in a divorce action. Disposable retired pay is defined as gross retired pay less authorized deductions | Former Spouse Protection Act Side by Side Tax Rate for each State
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Wk 7 Financials |
Ramsey Calculator | Future Retirement | Finances | October 9, 2025 Finances: Ramsey | Calculator | Bankrate.com | Roth Conversion IRA ?1/4 amount each year off investment Total : 67-70= @ $471 3%, 3 years Roth IRA Total: 63-90 @ $277,000, 3%, 27 years, $615,337.76 Survivor Benefits Program, Military @ 45% = $ 57,750/ $6,035.70 Social Security at 67/70 = $24,648 or $49,296 at death (I think this is lower) 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the phase-out range is increased to between $236,000 and $246,000, up from between $230,000 and $240,000. Retirement topics - Catch-up contributions
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Wk 8 Divorce
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October 22, 2025
Tully Rinckey PLLC: VA Disability Pay is Not a Marital Asset; however, courts in many states will consider VA disability benefits as income. If the veteran fails to pay, they can be held in contempt of court--VA disability pay is subject to garnishment only if the veteran waived military retired pay to receive VA disability benefits. military retired pay is a marital asset and is subject to division by the divorce court. However, if the former spouse is awarded a percentage, their benefits will be increased when cost-of-living adjustments are applied. , a percentage of disposable retired pay (gross retired pay less allowable deductions). A divorce court may have jurisdiction over a divorce case under state law but still not have the power to divide military retirement benefits unless the service member or former service member consents. SBP: You need to deem it one year after marriage . They can elect to make a new person for the SBP! Language of the DivorceThe Uniformed Services Former Spouses' Protection Act (USFSPA) is a federal law that allows state courts to divide a military member's disposable military retired pay as a marital asset in a divorce
Former Spouse Protection Act | PDF and More Information PDF
Topic no. 452, Alimony and separate maintenance: TAXES Following the 2017 Tax Cuts and Jobs Act (TCJA), the federal tax rules for alimony have changed significantly, but the impact depends on when the divorce or separation agreement was finalized What are the Tax Implications of Alimony for the Recipient?
Arizona: Alimony Facts | Alimony It’s important to note that adultery and misconduct are not factors considered when determining eligibility for spousal maintenance in Arizona Name Changes If you change your name after your divorce, notify the Social Security Administration. File Form SS-5, Application for a Social Security Card. You can get the form on SSA.gov or call 800-772-1213 to order it. The name on your tax return must match SSA records. A name mismatch can delay your refund Spousal Maintenance Calculator Guideline: A common factor in determining eligibility for indefinite spousal support is if the sum of the supported spouse's age and the length of the marriage (in years) is 65 or more. Retirement topics — QDRO: Qualified domestic relations order Taxes Divorce Publication 575 (2024), Pension and Annuity Income
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Wk 9 Veteran Benefits |
VA Benefits for deceased family members |
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| Wk 10 |
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Wk 11 Burial |
What does burial in a VA national cemetery include? Arlington YouTube Page Army website offiical benefits website with more good information. Veterans burial allowance after death Good source of information Survivors Pension of Spouse We’ll pay a $978 burial allowance and $978 for a plot after Oct. 1, 2024, There are headstone or marker allowances. Payment to move remains. Children of deceased Veteran are able to get payments. Check this out If the Veteran died on or after October 1, 2021 $231 Burial and memorial benefits for family members | PDF
If you’re a Veteran, service member, Reservist, or family member who qualifies for burial in a VA national cemetery, you’ll receive certain burial benefits at no cost to your family. GENERAL INFORMATION SHEET CLAIM FOR STANDARD GOVERNMENT HEADSTONE OR MARKER | PDF Commemorative Urn and Plaque | PDF Burial in a VA national cemetery includes these burial benefits:
Veterans, service members, and Reservists also qualify for these benefits:
You can request your military service records to get information like this:
Arlington National Cemetary Funeral | Documents Needed for Arlington An in-ground burial at Arlington National Cemetery Arlington National Cemetery does not charge fees for an interment or inurnment at the cemetery. Effective December 2017, placement of private markers is no longer available for service members and families. Joe will have military honors. The U.S. government will provide, at no cost to the estate of the deceased, an upright, white marble headstone or white marble niche cover. Upright white marble headstones (13" x 42" x 4") generally contain 11 lines of text, with or without an emblem of belief. Generally, the stone can accommodate 13 characters (including spaces) on the name line, and 15 characters (including spaces) on all other lines. A veteran's government headstone must contain the deceased's name, rank, branch of service, date of birth and date of death. Other lines can include combat service and significant awards. An additional inscription, not to exceed three lines, can include a term of endearment or reference (e.g. Loving Father, Husband, and Son; Fought for Freedom; Proud Soldier). To check the status of a headstone/niche cover order call 1-877-907-8585.
Emblem of Belief | PDF | Youtube example of full honors As of May 7, 2025, funeral attendees and family pass holders over the age of 18 who enter Arlington National Cemetery in a vehicle should be prepared to present a REAL ID at the security checkpoint. Parking When the family or funeral home makes the first call to the customer service center, they are given a case number for tracking purposes and are asked to fax or e-mail all required documents for review. The cemetery staff will need to establish and confirm that the service member is eligible for burial at Arlington. We recommend that you have all of the required documentation together before you call to schedule the service. Any documents requested by cemetery staff can be e-mailed to arlingtoncemetery.isb@army.mil and must include the case number provided by the customer service center. There is more space available for inurnment -- the storage of cremated remains in a columbarium, or wall -- than burial. Inurnment is limited to honorably discharged members including: me. Emergency request | Fact Sheet Scheduling a Funeral Service call 877-907-8585 !00% of remains must be given
Any documents requested by cemetery staff can be e-mailed to arlingtoncemetery.isb@army.mil and must include the case number provided by the customer service center. Required documents: 1. DD214 (or service equivalent) with an honorable character of service to establish eligibility for the eligible service member. 2. Death certificate. 3. Cremation certificate, if applicable. Families will be required to validate that an urn contains 100 percent of the decedent's remains received from the crematorium or funeral home before Arlington National Cemetery conducts the service. Spouse and Dependent Honors- Spouses and eligible dependent services include the following: Casket team or body bearers Military chaplain (if requested) A permanent Family pass is issued to the next of kin at the time of the interment. Additional Family passes are available for the parents, Spouse, siblings and Children of the deceased. Applications for permanent passes are available at the Welcome Center information desk and the Administration Building, or you may download and print the ANC Parking Pass Application. Arlington National Cemetery Public Disclosure Consent Form | PDF
Who’s eligible for burial in a VA national cemetery?Veterans, service members, spouses, and dependents may be eligible for burial in a VA national cemetery, as well as other benefits, if they meet one of these requirements. One of these must be true:
Funeral services without military honors are for spouses or dependents of military members who are eligible to be buried at Arlington National Cemetery (ANC). A military chaplain may be requested at no additional cost to the family, if no civilian religious leader will be present. On September 26, 2025 no fees are needed to spouse buried. You need the marriage certificate to meet doucment requirements. DIVORCE FORMS suvivor benefits program DD2656-10, SURVIVOR BENEFIT PLAN (SBP) FORMER SPOUSE REQUEST FOR DEEMED ELECTION | PDF | Webpage that has all the information, scroll down. How to find out your SBP for your spouse In myPay, you can review a monthly Retiree Account Statement (RAS), which is available to all military retirees currently receiving retired pay. Make sure the “SBP Coverage Type” properly reflects “former spouse” or “spouse” (as applicable to your individual circumstances).
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Wk 12 Social Security |
Social Security: I am filing at 67 and Joe is filing at 67 and then he is pausing until 70. If I file at 67 I can draw on my social security and then at 70 I can get 50 percent of Joe's Full Retire amount age money. It's is around $500 for me and $21,000 for Joe's BASE Max amount website SSA | Social Security Benefit | Table with max social security Survivors benefits | Booklet | PDF One-time Lump-Sum Death Payment If you’ve worked long enough, we make a one-time payment of $255 when you die. We can only pay this benefit to your spouse or child if they meet certain requirements. Survivors must apply for this payment within 2 years of the date of your death. The information we need includes: In most typical claims for benefits a: • Surviving spouse, at full retirement age or older, generally gets 100% of the worker’s basic benefit amount. For anyone born 1962 or later, full survivors’ benefits are payable at age 67. You could get a monthly payment based on the work history of the family member who died. File and suspend Before the change:
5 Things every woman should know about retirement | PDF There is a law in relations to the deeming rule. Article: You as a spouse can only get 50 percentage of your husbands SS at thier full retirement age, 67, and you do not get thier retirement they get at age 70. However, when they die you get thier full retierement they got, as a survivor benefit. The rules are different for survivor benefits. A widow or widower whose spouse waited until 70 to file for Social Security is entitled to the full amount the deceased was getting — including the delayed retirement credits — so long as the surviving spouse has reached full retirement age.
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| Wk 13 |
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Wk 14
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| Wk 15 |
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