Time for a financial checkup following changes to military benefits

(BPT) - There have been significant changes to military benefits over the last year affecting pay, retirement benefits, health insurance and GI Bill rules. The changes will affect different service members in different ways, but given that the global pandemic has affected almost everyone’s physical or financial health in some way, now is an important time to re-evaluate your military benefits.

“We usually think about updating our benefits only when there is a life change,” said Russell Simmons, Certified Financial Planner® at Charles Schwab and Army Reserve Soldier. “But the pandemic has altered life for many people, so consider the financial implications of your military benefits and any changes you may need to make.”

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