Military Separation Guide

CONTENTS
ASSESS
Changes to Your Military Benefits ...................................... 3
PLAN
Financial Considerations........................................................14
Health and Life Insurance.....................................................26
Starting Your Civilian Career ............................................... 32
Relocating .................................................................................36
EXECUTE
Solutions for an Easier Transition ......................................42
Finding the Right Bank .........................................................42
Investing in Your Future........................................................43
Moving With Ease ...................................................................44
Protecting Your Family and Your Legacy ........................45
Other Helpful Websites.........................................................46
4.0 in.
ASSESS
3
6.0 in.
Understanding Changes
to Your Military Benefits
Understanding how your benefits will change after
separation or retirement is crucial to mapping out
your plan for a smooth transition. Four critical areas
of consideration include Servicemembers’ Group Life
Insurance (SGLI) and Veterans’ Group Life Insurance
(VGLI), Dependency and Indemnity Compensation (DIC),
Survivor Benefit Plan (SBP), and TRICARE®.
SGLI and VGLI*
SGLI stops/expires 120 days after you separate or retire.
SGLI coverage can be converted to VGLI, but enrollment
isn’t automatic. Coverage must be elected.
During the first 120 days following retirement or
separation, applicants can’t be denied because of
poor health.
SGLI coverage for your family cannot be converted
to VGLI.
DIC*
DIC assists surviving spouses and dependent children
of veterans who die while on active duty or from a
service-connected injury or disability when certain
criteria are met.
*For more information, please visit the Department of Veterans Affairs at benefits.va.gov.
4.0 in.
ASSESS
4
6.0 in.
Assistance is paid to the spouse until remarriage (unless
it occurs after the age of 57) and to any unmarried
children under the age of 18 (or the age of 23 if they’re
in school full-time).
SBP*
Available for military retirees, SBP provides up to 55% of
your military retirement income to your survivors.
Provides a monthly income to survivors of retired
military personnel when retirement pay stops.
Automatically covers survivors of retirement-eligible
members who die while on active duty and survivors of
members recalled to active duty from retirement who
die while on active duty.
Includes an annual cost-of-living allowance increase and
is subsidized, so it’s a good choice for most retirees.
Can be used in combination with a private
insurance plan.
TRICARE*
TRICARE will pay a portion of health-care costs, and
you’ll need to choose which program is best for you and
your eligible family members.1
*For more information, please visit the Department of Veterans Affairs at benefits.va.gov.
4.0 in.
ASSESS
5
6.0 in.
At the age of 65, TRICARE For Life® becomes a
supplemental health policy, acting as a secondary payer
to Medicare.2
This benefit is available if you retire from the military,
but not if you separate.
Use the charts on the following pages to understand how
your benefits will change, and see if you’ll be eligible for
additional benefits. Your eligibility will depend on whether
you are on active duty, in the National Guard or Reserve, or
separating or retiring.
4.0 in.
ASSESS
6
6.0 in.
Active Duty Benefits
Benefits
Active Duty
Medical
Full coverage for active duty
member; eligible family members
covered under TRICARE
Dental
Full coverage for active duty
member; family members can
elect to join the TRICARE Dental
Program for a fee
Commissary
Full privileges
PX/BX
Full privileges/unlimited
Insurance
Eligible for SGLI
Survivor benefits
Eligible for DIC;
eligible for SBP
Housing
Government Quarters or BAH
(Basic Allowance for Housing)
Space available
travel
Eligible (active duty
higher priority)
4.0 in.
ASSESS
7
6.0 in.
Active Duty Retiree Benefits
Benefits
Retired
Medical
Most retirees up to age 65 and
eligible family members are covered
under TRICARE. Retirees and eligible
family members age 65 and over are
covered under TRICARE For Life as a
secondary payor to Medicare2
Dental
DoD TRICARE Retiree Dental
Program (DRDP) available
Commissary
Full privileges
PX/BX
Full privileges/unlimited
Insurance
Eligible for VGLI
Survivor benefits
Could be eligible for DIC;
optional SBP
Housing
Not applicable
Space available
travel
Eligible (retirees have
lower priority)
4.0 in.
ASSESS
8
6.0 in.
Active Duty Separated Benefits
Benefits
Separated
Medical
Not available
Dental
Not available
Commissary
No privileges
PX/BX
No privileges
Insurance
Eligible for VGLI
Survivor benefits
Not available
Housing
Not applicable
Space available
travel
Not applicable
4.0 in.
ASSESS
9
6.0 in.
National Guard and Reserve Benefits
Benefits
Inactive Duty Training Assembly
Pay
Basic pay, special pay
(if authorized)
Medical
Only if duty-related
VA medical
If injury or illness sustained
in the line of duty
Commissary
Full privileges
PX/BX
Full privileges
Insurance
Eligible for SGLI
Survivor
benefits
Eligible, with 20 years’ service,
if elected
TRICARE
TRICARE Reserve Select
for premium
Space
available
travel
CONUS, Hawaii, Alaska,
Puerto Rico, Virgin Islands, Guam
4.0 in.
ASSESS
10
6.0 in.
National Guard and Reserve Benefits
Benefits
AD, ADSW, AT, ADT, IADT
Pay
Basic pay, BAS, BAH, special pay
(if authorized)
Medical
Full
VA medical
If deceased or injured in the
line of duty
Commissary
Full privileges
PX/BX
Full privileges
Insurance
Eligible for SGLI
Survivor
benefits
Eligible, with 20 years’ service,
if elected
TRICARE
Eligible, dependents eligible if on
AD; ADSW for more than 30 days
Space available
travel
Worldwide
4.0 in.
ASSESS
11
6.0 in.
National Guard and Reserve Benefits
Benefits
Retired Reserve
(under age 60)
Pay
Not eligible
Medical
Not eligible
VA medical
Eligible if prior service
Commissary
Full privileges
PX/BX
Full privileges
Insurance
Eligible for VGLI
Survivor
benefits
Eligible, with 20 years’ service,
if elected
TRICARE
TRICARE Retired Reserve
for premium
Space available
travel
CONUS, Hawaii, Alaska,
Puerto Rico, Virgin Islands, Guam
4.0 in.
ASSESS
12
6.0 in.
National Guard and Reserve Benefits
Benefits
Retired Reserve
(age 60+)
Pay
Retired or retainer pay
(if applied for)
Medical
Full for retiree and eligible
family members
VA medical
Eligible if prior service
Commissary
Full privileges
PX/BX
Full privileges
Insurance
Eligible for VGLI
Survivor
benefits
Eligible, with 20 years’ service,
if elected
TRICARE
Eligible until age 65, then
eligible for TRICARE For Life
Space available
travel
Worldwide
4.0 in.
ASSESS
13
6.0 in.
National Guard and Reserve Benefits
Benefits
Separated
Pay
Not applicable
Medical
Not available
VA medical
Eligible if prior service
Commissary
No privileges
PX/BX
No privileges
Insurance
Eligible for VGLI
Survivor benefits
Not eligible
TRICARE
180 days’ coverage for member
and family post-release from
contingency operation
Space available
travel
Not applicable
4.0 in.
PLAN
14
Financial Considerations
6.0 in.
Identify Short-Term Needs
Get a handle on Separation/Retirement Pay.
Understanding your income from the military is the first
step in setting up your financial road map. The type of
separation and conditions under which you leave the
military will determine if you qualify for separation and/or
retirement pay. If you do qualify, it may come in the form
of a lump sum or regular payments.
Calculate your retirement pay.*
The military provides three retirement pay plans, based
on when you entered active duty:
• If you entered prior to September 8, 1980, you’re
eligible for the Final Pay Plan.
• If you entered the military between September 8,
1980, and July 31, 1986, your benefits come under
the High-3 Plan.
• If you entered after July 31, 1986, you elected one of
the following: the High-3 Plan or the Career Status
Bonus (CSB)/REDUX Plan.
*For more information, please visit dfas.mil/retiredmilitary/plan/estimate.html.
4.0 in.
6.0 in.
PLAN
It’s important you understand your retirement pay
arrangement because it will affect your standard of
living for the rest of your life. Refer to the charts
starting on page 16 to compare plans at a glance.
Calculate your separation pay.
(If eligible — see your local personnel office.)
Unemployment compensation.
If you are unable to find a job after you retire
or separate, keep in mind you may qualify for
unemployment compensation. However, receiving
separation or retirement pay may influence your
eligibility. Your state employment office handles
unemployment compensation. Benefits vary from
state to state; therefore, only the office at which
you apply will be able to tell you the amount and
duration of your entitlement.
15
4.0 in.
PLAN
16
6.0 in.
Calculate Your Retirement Pay:
Final Pay Plan
Final Pay Plan
Basic retirement pay
at 20 years
50% of basic pay
Additional retirement
pay for every year
after 20
2.5% (maximum 100%)
Bonus
None
Cost-of-living
allowance
Equal to the increase
in the CPI
Eligibility: date
entered active duty
Before 8 Sep 80
4.0 in.
PLAN
17
6.0 in.
Calculate Your Retirement Pay:
High-3 Plan
High-3 Plan
Basic retirement pay
at 20 years
50% of the average
of your three highest
years of basic pay
Additional retirement
pay for every year
after 20
2.5% (maximum 100%)
Bonus
None
Cost-of-living
allowance
Equal to the increase
in the CPI
Eligibility: date
entered active duty
After 8 Sep 80
4.0 in.
PLAN
18
6.0 in.
Calculate Your Retirement Pay:
CSB/REDUX Plan
CSB/REDUX Plan
Basic retirement pay
at 20 years
40% of the High-3 Plan
basic pay
Additional retirement
pay for every year
after 20
3.5% for first 10
years, 2.5% thereafter
(maximum 100%)
Bonus
$30,000 in the 15th year
Cost-of-living
allowance
1% less than the increase
in the CPI (one-time
catch up at the age of 62)
Eligibility: date
entered active duty
After 31 July 86
4.0 in.
PLAN
19
6.0 in.
Adjust Your Finances/Set Up Your Budget
Leaving the military can have a major impact on your
finances. Adjusting your budget to align with your new
circumstances is key to setting yourself up for financial
stability. Once you’ve established your day-to-day
budget, you can take steps to prepare for other financial
goals, such as a second retirement or education funding
for your children.
You may have to make temporary adjustments on
spending during the transition period. Developing a
budget can help you:
Determine whether you’re living within your means.
Manage your finances wisely.
Assess the gap between your ideal lifestyle and what
you can afford.
Identify future spending needs.
4.0 in.
PLAN
20
6.0 in.
Select Your Banking Services
A household spending plan can be your road map to
financial stability, along with selecting a bank that
provides easy-to-use budgeting tools and services that
meet all your financial needs to help you stay on track.
When choosing your bank, consider one that offers
flexible banking solutions that fit your lifestyle, including:
Free ATMs nationwide.
Free online bill paying.
24-hour access to your account.
An easy-to-navigate web page for convenient
online banking.
No monthly service fees.
Free checks.
Savings accounts with competitive savings rates.
Free online statements.
Identity theft and fraud protection services.
Credit cards with flexible rewards programs.
Credit card or savings account that can be used as
overdraft protection with no overdraft fees.
4.0 in.
PLAN
21
6.0 in.
Start/Continue Your Savings Plan
To avoid borrowing or drawing prematurely on your
long-term investments, it’s a good idea to establish an
emergency fund. As a general rule, you should aim to save
enough to cover three to six months’ worth of expenses.
If you haven’t already started your emergency fund, start
saving now. Because emergency funds are considered
a short-term solution, do not tie the money up in
investments. Instead, consider conservative alternatives
such as a bank savings account.
Since you may be able to “sell” or “cash in” unused leave
within service guidelines when you separate, consider
saving some of your leave days to help supplement your
emergency fund account during this transition.
4.0 in.
6.0 in.
PLAN
22
If you haven’t set up a savings plan yet, now is the time.
You don’t need a lot of money to start investing. Some
financial companies will accept monthly investments as
low as $20. While it takes a lot of money just to cover the
necessities of life, it is important to save for the future and
contribute as much to your retirement savings as possible.
In addition to saving early, it’s essential to choose the
best vehicles to help you reach your goals. To create a
retirement portfolio that’s best for you, you’ll need to:
• Identify your objectives.
• Review your tax considerations.
• Determine your time horizon.
• Know your tolerance for risk.
• Create a properly allocated portfolio.
Depending on your needs, your portfolio may utilize several
different vehicles, including mutual funds, IRAs, brokerage
accounts, CDs and annuities, each of which can play a role
in helping you meet your long-term goals.
Pay attention to how you’re saving. Your best course of
action is to choose a portfolio that combines the best
potential for returns and a degree of risk with which you
are comfortable.
4.0 in.
PLAN
23
6.0 in.
Living in Retirement
With longer life expectancies, making the most of your
retirement income is common sense. Here are a few tips
that may help you enhance your income sources.
Before making any decisions, consider your own financial
circumstances and consult with your tax, legal or financial
planning professional.
Set up a check for life. A fixed annuity is a contract with
a life insurance company designed to provide income
for a lifetime, or a specified number of years, depending
on the terms you select.
Fixed annuities can provide guaranteed asset growth
and income for life, which can serve as a hedge against
market volatility and economic downturn. You can
think of annuities as a way to give yourself extra
retirement income. So, along with Social Security,
pensions and military retired pay, you could have
enough guaranteed income to help pay your bills
for the rest of your life.
4.0 in.
PLAN
24
6.0 in.
Few medical expenses hold as much financial risk as an
extended stay in a nursing home or assisted living facility.
An appropriate long-term care insurance policy should:
• Provide the appropriate amount of coverage.
Full-time custodial care can exceed $200 a day. Get
the most coverage you can without stressing your
current finances.
• Allow for inflation protection. Consider the effect if costs
for this type of care increase an average of 5% a year.
In 20 years, the national average cost could be nearly
$200,000 per year.
• Provide a wide range of care. There are many forms
of long-term care. Select a plan with benefits that, for
example, include home health care, assisted living and
adult day care.
Ask a retirement advisor. A retirement advisor can help
you put together a plan for your retirement or review
your existing plan. He/she should also be able to help
address the issues of most concern to you. Whether
it’s health care, retirement income, taxes or leaving a
legacy, a financial advisor dedicated to serving your
interests may be the best tool you have.
4.0 in.
PLAN
25
6.0 in.
Saving for College
As a retired or separated servicemember, you may be
eligible for a variety of educational benefit programs
that can help offset the expense of higher education.
The Montgomery GI Bill, for example, provides up to 36
months of benefits for up to 10 years after you retire
or separate; plus, Post-9/11 GI Bill benefits may be
transferred to a family member. Visit gibill.va.gov for a
complete guide to eligibility and benefits.
In addition to military-sponsored programs, there are
several private financial tools that can help you efficiently
build savings to help fund a college education for you,
your spouse or your children. Below is a breakdown of the
different college savings alternatives available, such as:
Coverdell ESA
Uniform gifts/transfers to minors
529: prepaid tuition
529: savings plan
4.0 in.
PLAN
26
Health and Life Insurance
6.0 in.
Health insurance
As you leave military service behind you, it is critical to
make health insurance arrangements to protect yourself
and your family. If you are retiring from the military,
you will be eligible for TRICARE to cover your medical
expenses. This eligibility could allow you to save money
by forgoing health insurance from a new employer. If you
are separating and beginning a new career, your employer
may provide a health insurance program. If you are not
eligible for TRICARE and do not have private employerprovided health care, you should consider your health
insurance alternatives both during your transition into
civilian life and beyond.
4.0 in.
PLAN
27
6.0 in.
Transitional Health Care — Military Coverage*
If you separate/retire voluntarily, you may not be eligible
for health-care coverage through the military. However,
under certain circumstances, you may be eligible for
180 days of transitional health-care benefits through the
Transitional Assistance Management Program (TAMP).
For example, you may be eligible for TAMP if you are:
Involuntarily separating from active duty under
honorable conditions.
Separating from active duty following
involuntary retention.
Receiving a sole survivorship discharge.
Separating from active duty and agreeing to become
a member of the Selected Reserve.
Within 60 days of your TRICARE or TAMP eligibility
ending, you may also purchase transitional health
insurance coverage for three months at a time for an
additional 18–36 months through the Continued Health
Care Benefit Program (CHCBP). This program provides
coverage similar to TRICARE standard medical insurance.
Keep in mind that CHCBP can be expensive.
*For more information, please visit tricare.mil/CHCBP.
4.0 in.
PLAN
28
6.0 in.
Transitional Health Care — Private Coverage
If you choose to not enroll in CHCBP, you will need to select
another option. For example, if you get a job that offers
health insurance, that could be a great choice. If not, you
can get coverage through USAA, military associations and
other organizations that participate in the Health Insurance
Marketplace. Available coverage includes:
Major medical insurance
Short-term medical insurance3
Student health insurance
Dental insurance
Vision insurance
Be mindful of deadlines for choosing a plan that come soon
after you separate. Failing to do so could limit your options.
Get more details at usaa.com/healthcare.
4.0 in.
PLAN
29
6.0 in.
Life Insurance
While on active duty, you may have been covered with life
insurance through Servicemembers’ Group Life Insurance
(SGLI). However, once you retire or separate, you won’t
be able to continue this coverage. You should give careful
consideration to your life insurance needs before leaving
the military.
Upon separation, your SGLI policy can be converted to a fiveyear renewable term policy with Veterans’ Group Life Insurance
(VGLI) without a medical exam. You can get up to $400,000 in
coverage, but cannot exceed the amount of SGLI coverage you
have when you separate. If you apply and pay your first VGLI
premium within 120 days of separating/retiring, your coverage
is guaranteed. If you miss the 120-day window, you can still
apply for VGLI up to one year after separation, but you may be
required to have a medical exam.
While some people, particularly those in poor health, may find
VGLI coverage a good value, those who are healthy may find
costs high when compared to an individual life insurance policy.
If you decide to purchase a policy, apply before you leave
the military; it can take four to six weeks to underwrite a life
insurance policy.
4.0 in.
6.0 in.
PLAN
30
Whatever option you choose, be sure never to cancel an
existing policy until a new policy has been issued and the
first premium has been paid. This will ensure you don’t have
a gap in coverage. If you are nearing the end of the 120-day
“nonmedical” application period and require, but have not yet
obtained, a private life insurance policy, it may make sense to
apply for VGLI.
Coverage for Your Spouse
Don’t forget about coverage for your spouse. Your spouse
is an important part of your family’s financial security.
Even if he or she does not earn income, the monetary
cost of replacing household contributions — such as
childcare, meal preparation and household tasks — would
be significant. While you are in the military, Family
Servicemembers’ Group Life Insurance (FSGLI) provides
up to $100,000 in insurance for spouses, not to exceed
the amount of the servicemember’s SGLI coverage. But it’s
important to know that this coverage is not convertible
to VGLI, so when you separate or retire, make sure you
replace coverage for your spouse.
4.0 in.
PLAN
31
6.0 in.
Protection for Your Children
Another benefit you’ll want to replace when you leave
the military is insurance for your children. FSGLI offers
$10,000 in life insurance for each child free of charge as
long as the servicemember carries SGLI. This coverage is
not convertible to VGLI. To replace this coverage, you may
want to consider purchasing a small permanent policy or
adding a “child rider” to your or your spouse’s individual
policy. A child rider not only provides coverage for your
children while they are dependent on you, it should also
guarantee they will have the option of purchasing their
own policies when they reach the age of 25, regardless
of their health at that time.
Compensate for Lost Coverage
In addition to SGLI, you may also have had Dependency
and Indemnity Compensation (DIC) coverage. DIC is
designed to assist surviving spouses and dependent
children of veterans who die while on active duty or as
the result of a service-connected injury or disability. DIC
benefits are no longer available to you after you leave
the military. Therefore, you may need additional life
insurance coverage to compensate for this lost benefit.
4.0 in.
PLAN
32
6.0 in.
Starting Your Civilian Career
The Department of Defense offers a Transition GPS to
help guide you through the career transition process. The
program is free and addresses skills assessment, résumé
preparation, job counseling, interviewing skills, relocation
information and veterans’ benefits. Additionally, it may
be helpful to contact former servicemembers who are
pursuing civilian careers to ask about their experiences.
They can become valuable sources of support and advice.
You can also access the DoD Transition Bulletin
Board (TBB) for a computerized listing of jobs, career
workshops, job fairs, support services, and educational
and training opportunities. It also contains information
about franchises and starting a business.
Another option you may want to consider is seeking
employment with an organization or company that
provides services to the military community. Your military
experience and knowledge can often be a plus and could
help you get an interview. There are many organizations
that value and need former military members.
4.0 in.
PLAN
Find the Right Second Career
6.0 in.
Identify your skills.
Focus on a specific job.
Research your career choice.
Network.
Develop a résumé.
You can do it all in one place with the
Job Finder Tool at usaa.com.
33
4.0 in.
PLAN
34
6.0 in.
Furthering Your Education
Throughout your military service, you may have had a lot
of experience in your field, but do you have the required
education needed to secure the job you desire? College,
vocational training or a specialized course may help you
earn your job of choice, and you may qualify for financial
assistance from the Montgomery GI Bill or other forms of
financial aid. Here are some tips that may help you:
1. If you are interested in the GI Bill or would like more
information, call your installation’s Education Office
or local Department of Veterans Affairs (VA) office,
or go to gibill.va.gov.
2. Financial aid varies from state to state; check with
the financial aid offices of colleges and universities
or your nearest VA office. Some states even have
special education programs for those who entered
the military in that state or who are residents.
3. Check with your installation’s Education Office or
local community college counseling office, and look
at college catalogs for schools and courses that
interest you.
4. Ask an academic advisor whether any of your
military training may be substituted for credit.
4.0 in.
PLAN
6.0 in.
5. Take an academic entry exam, college admission
test or challenge exam. Remember — this is free to
servicemembers on active duty.
6. If you aren’t able to go to school full-time or during
the day, consider taking night or weekend classes.
35
4.0 in.
PLAN
36
6.0 in.
Relocating
Whether you are relocating from overseas or across
town, this move is unique. You are moving out of the
military into civilian life, and it is especially important
to understand the services that are available. If you plan
on moving, visit the Relocation Readiness Program (RRP)
office at your Family Support Center. They can help
you prepare for your final military move and offer
many services, including:
Needs assessment related to the circumstances and
requirements of your move.
Automated information about military communities
worldwide, including a database (SITES) describing
the housing options available near military installations.
Assistance obtaining information about
non-military communities.
Help developing a relocation plan.
Workshops and individual sessions on managing
relocation stress for adults and children.
Your upcoming move is not a normal PCS — it is your final
move out of the military. With the help of RRP, libraries,
bookstores, the Internet and chambers of commerce, your
last move can be a smooth one.
4.0 in.
PLAN
37
6.0 in.
Moving From Government Housing
If you live in Government Quarters, you need to contact
the Housing Office as soon as you know your departure
date so they can inspect your residence before you move
and explain the cleaning and vacating requirements. If you
need an extension on your government housing, you may
be eligible for up to 180 days after you leave the military,
depending on space availability.
Moving From Rental Housing
If you are living in a rental property, let your landlord know
as far in advance as possible when you will be moving.
In the event you have any problems with your landlord
regarding your move, call your local Housing Office
for assistance.
Transportation to Your New Home
Once you have decided where you are moving, schedule
an appointment with your installation’s Transportation
Office to determine whether travel will be arranged
to your new destination or if you will make your own
arrangements and be reimbursed.
4.0 in.
PLAN
38
6.0 in.
Shipping and Storing Household Goods
If you’re eligible, you should be authorized storage and
shipment of household goods for up to one full year.
You can ship items to:
Anywhere in the United States.
Your home of record outside the United States.
The place where you were initially called to active duty.
For more information about eligibility and the shipment
and storage of household goods, contact your local
Transportation Office.
4.0 in.
PLAN
39
6.0 in.
Buying a Home
If you are buying a home and are worried about the
down payment, a Veterans Administration (VA) loan
may be right for you. Eligible veterans may obtain loans
guaranteed by the VA to purchase or refinance homes,
condominiums and manufactured homes. VA home
loans feature a competitive interest rate and lower down
payment or — if you qualify — no down payment at all.
VA loans are available for either 15- or 30-year terms.
You can find information about eligibility and program
specifics on the VA website at va.gov.
Insuring Your Home
Whether you are buying a house or condo, joining a
co-op, or renting an apartment, you will need to insure
your residence, your furnishings and your personal
possessions. Homeowners, renters and valuable personal
property insurance are just some of the insurance
policies you’ll want to consider to protect yourself from
the financial burden you would incur if your home were
damaged or destroyed or your possessions were stolen.
4.0 in.
PLAN
40
Look to USAA for Help
6.0 in.
Mutual funds
Brokerage services
Investing & retirement
Managed money services
Individual Retirement
Accounts (IRAs)
College savings plan
CERTIFIED FINANCIAL
PLANNER™ practitioners
Financial planning
services
Retirement planning
Estate planning
Asset allocation
Risk management
usaa.com/investments
Investments/Insurance:
Not FDIC Insured ∙ Not Bank Issued, Guaranteed or Underwritten ∙ May Lose Value
Investments provided by USAA Investment Management Company and USAA Financial Advisors, Inc.,
both registered broker dealers.
USAA Managed Portfolios-UMP® (UMP) is an advisory service of USAA Investment Management
Company (IMCO), a registered investment adviser and broker dealer. Brokerage accounts are introduced
and brokerage services provided by USAA Financial Advisors, Inc. (FAI), and IMCO, both registered
broker dealers, Members Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
Clearing, custody and other services provided by National Financial Services LLC (NFS), Member NYSE,
SIPC, http://www.sipc.org.
4.0 in.
PLAN
41
6.0 in.
USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency
in California, License # OE36312), a registered investment adviser and insurance agency licensed in all
50 states and D.C.
Asset allocation does not protect against a loss or guarantee that an investor’s goal will be met.
Certified Financial Planner Board of Standards, Inc., owns the certification marks CFP® and CERTIFIED
FINANCIAL PLANNER™ in the United States, which it awards to individuals who successfully complete the
CFP Board’s initial and ongoing certification requirements.
4.0 in.
EXECUTE
42
Solutions for an Easier Transition
6.0 in.
Finding the right bank
With USAA Bank, it’s easy to handle all of your business
in one place. Tools like USAA® Money Manager,* a
personal online budgeting tool, will help you keep
your personal budget on track, see all of your accounts
and track your daily spending. Plus, USAA Bank
offers banking services that enable you to bank from
anywhere, anytime.
Free checking solutions with no monthly
service fees regardless of balance and free
ATM use nationwide.4
Convenient deposit solutions that enable qualified
members to deposit money with a smartphone.**
Credit cards with competitive rates, no annual fees
and flexible rewards programs.
*USAA® Money Manager is not an investment advisory service of USAA. Information on non-USAA
accounts is governed by the User Agreement. USAA’s personal financial management services are not
sponsored or endorsed by any third party.
**Deposit@Mobile® and Deposit@Home® services are available from USAA Federal Savings bank
for checking and savings accounts and from USAA Investment Management Company for eligible
investment accounts. To use USAA Deposit@Home and Deposit@Mobile, you must be eligible for USAA
auto or property insurance and meet other qualifications based on your account history with USAA
Bank. Deposits may not be available for immediate withdrawal.
4.0 in.
EXECUTE
43
6.0 in.
Investing in Your Future
Whether you’re just starting to invest or planning to retire,
USAA has the resources to help you take the next steps
with confidence. They are ready to help you:
Build a strategy for your retirement plan.
Implement solutions for college savings.
Create a retirement income plan.
Identify and set up the investment vehicles that will
help you reach your goals.
USAA also provides informative articles and online tools
to help you do your own financial research. You can find
more information about investing for your future at
usaa.com/investments.
Investments/Insurance: Not FDIC Insured ∙ Not Bank Issued, Guaranteed or Underwritten
∙ May Lose Value
Financial planning services and financial advice provided by USAA Financial Planning Services
Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California, License # 0E36312),
a registered investment adviser and insurance agency and its wholly owned subsidiary, USAA Financial
Advisors, Inc., a registered broker dealer.
Investments provided by USAA Investment Management Company and USAA Financial Advisors, Inc.,
both registered broker dealers.
4.0 in.
EXECUTE
44
6.0 in.
Moving With Ease
The right tools and resources can make a huge difference
through your final PCS. We offer solutions to help find the
best home for you and the guidance you need to make
informed decisions.
Get a $350–$6,000 reward when you buy or sell your
home, and work with a USAA-dedicated real estate
agent who understands your unique needs, with the
USAA Real Estate Rewards Network.5
Look to USAA Bank to help you find the right
mortgage for you, including one with competitive
rates and low fees.
Search millions of MLS and rental listings, and get
information about area schools, shopping and dining.
4.0 in.
EXECUTE
45
6.0 in.
Protecting Your Family and Your Legacy
Determining your family’s life and health insurance needs
can be challenging, and you’ll need to consider many
factors. Our licensed financial advisors can help you
determine the type and level of coverage that’s best for
your family. We also offer:
Competitive rates for a variety of term and
permanent insurance policies.
Health solutions for every stage of life.
High financial strength ratings in the industry, so you
can be confident we’ll be here when you need us.*
*A.M. Best: A++, Superior (highest of 16 possible ratings); Moody’s Investors Service: Aa1, Excellent
(second highest of 21 possible ratings); Standard & Poor's: AA+, Very Strong (second highest of 21
possible ratings). Company ratings represent an opinion of financial strength and the company’s ability
to meet ongoing obligations to policyholders.
4.0 in.
EXECUTE
46
6.0 in.
Research Other Helpful Websites
Transition
assistance
Army Career and
Alumni Program
acap.army.mil
Defense Finance and
Accounting Service
dfas.mil
Military retirement issues
and Army retirement services
armyg1.army.mil/retirees.asp
Pay and benefits
Coast Guard
uscg.mil
Coast Guard retirement
uscg.mil/ppc/ras
/retirementprocessing.asp
Retirement pay system
choice (calculator)
militarypay.defense.gov
/retirement/index.html
4.0 in.
EXECUTE
47
Research Other Helpful Websites
6.0 in.
SBP information
militarypay.defense.gov
/survivor/sbp/index.html
Social Security
ssa.gov/retire2/index.htm
Pay and benefits
TRICARE
tricare.osd.mil
TRICARE Retiree
Dental Program
ddpdelta.org
Veterans Affairs
va.gov
4.0 in.
48
Investments/Insurance: Not FDIC Insured • Not Bank Issued, Guaranteed
or Underwritten • May Lose Value
6.0 in.
1
TRICARE is a registered trademark of TRICARE Management Activity. All rights
reserved. TRICARE policies and benefits are governed by public law and federal
regulations. Changes to TRICARE programs are continually made as public law
and/or federal regulations are amended. For the most recent information, contact
your TRICARE regional contractor, TRICARE Service Center or local military
treatment facility.
2
For services payable by both Medicare and TRICARE For Life, Medicare pays first
and the remaining liability may be paid by TRICARE For Life. For services payable
by TRICARE For Life, but not Medicare, such as overseas care, TRICARE For Life pays
the same as for TRICARE Standard beneficiaries. Beneficiaries are responsible for
the TRICARE Standard fiscal-year deductible and cost shares.
3
Short-term medical insurance is not minimum essential coverage. You may be
subject to a tax penalty. Plans are medically underwritten and do not cover preexisting conditions.
4
USAA Bank refunds up to $15 in other United States domestic banks’ ATM usage
fees each month and does not charge a fee for the first 10 ATM withdrawals.
Subsequent transactions will be charged $2.00 each. Transactions at ATMs located
outside of the United States may not be eligible for ATM usage fee refunds. A 1%
foreign transaction fee applies to withdrawals outside the United States. No ATM
usage fees will be charged at USAA Preferred ATMs pursuant to an agreement
with the ATM network/owners to not charge an ATM fee for USAA Bank ATM.
5
Reward offer limited in some states. Reward amount is based on sale price of
home sold or purchased and cannot exceed $6,000 per transaction. To receive the
maximum amount offered of $6,000, the sale price of the home sold or purchased
must be $1 million or more. In 2014, the average member closing in the program
4.0 in.
6.0 in.
49
received $1,100. A reward is not available in Alaska, Louisiana, Mississippi and
Oklahoma. In Kansas and Tennessee, a gift card will be issued that is accepted
at specific retailers. State regulations in Kansas limit the dollar amounts and the
type of incentive. In Oregon, a commission reduction may be available at closing.
In New Jersey, a commission credit may be available at closing. Please check with
the program coordinator for details. You must be enrolled in the program and
be represented at closing by an approved agent with a participating real estate
firm in order to qualify for the reward. Reward not available to sellers in a short
sale transaction. In certain states, buyers may need seller cooperation in order to
participate in the reward program. Availability restrictions apply. A mortgage from
USAA Bank is optional, is not required to utilize the USAA Real Estate Rewards
Network and can be acquired from other sources. USAA Real Estate Rewards
Network is offered by USAA Relocation Services, Inc., a licensed real estate broker
and subsidiary of USAA Federal Savings Bank. Program may be unavailable for
employer-sponsored relocations. Not available for transactions in Iowa or outside
the United States. This is not a solicitation if you are already represented by a real
estate broker.
Consider your own financial circumstances carefully before making a decision and
consult with your tax, legal or estate planning professional.
USAA or its affiliates do not provide tax advice. Taxpayers should seek advice
based upon their own particular circumstances from an independent tax advisor.
Certified Financial Planner Board of Standards, Inc., owns the certification
marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it awards
to individuals who successfully complete the CFP Board’s initial and ongoing
certification requirements.
Use of the term “member” or “membership” does not convey any eligibility rights
for auto and property insurance products or legal or ownership rights in USAA.
4.0 in.
6.0 in.
50
Membership eligibility and product restrictions apply and are subject to change.
To be eligible for auto and property insurance, separated military personnel must
have received a discharge type of Honorable. Eligible former dependents of USAA
members may purchase auto or property insurance if the member obtained USAA
auto or property insurance.
Purchase of a product other than USAA auto or property insurance, or purchase
of an insurance policy offered through the USAA Insurance Agency, does not
establish eligibility for or membership in USAA property and casualty
insurance companies.
USAA means United Services Automobile Association and its affiliates. Property
and casualty insurance is provided by United Services Automobile Association, and
its affiliate property and casualty insurance companies, and is available only to
persons eligible for P&C group membership.
Life insurance and annuities provided by USAA Life Insurance Company, San
Antonio, TX, and in New York by USAA Life Insurance Company of New York,
Highland Falls, NY. All insurance products are subject to state availability, issue
limitations, and contractual terms and conditions. Each company has sole financial
responsibility for its own products.
Credit cards issued by USAA Savings Bank, other bank products by
USAA Federal Savings Bank, both Member FDIC.
© 2016 USAA. 225872-0116