rapidfire
Retirement Living
In the Know?
Family
Matters
Discover helpful
resources for military
W
ill you leave your surviv- checking account would last indefi nitely as spouses and children.
ing spouse to manage his long as she never wrote a check for more
or her fi nances at the mercy of than $200. Otherwise intelligent people Why does life in the
a stranger? If your spouse is in the dark can be lost when their partner dies because military seem so simple
regarding your family’s fi nancial issues, they either didn’t get involved in their fi - for some spouses and
he or she will be forced to seek help after nances or they weren’t allowed to. so challenging for oth-
you are gone. For a surviving spouse, this Before you’re gone, your spouse should ers? Are you frustrated
can be not only an uncomfortable and em- understand things like sources of income, by having to start over
barrassing situation but also a potentially banking and investment accounts, insur- from scratch each time
risky one. Those who cannot manage ance policies, credit cards, wills, etcetera. you move, having too
their basic fi nancial situation easily can Keep important fi nancial information in much month for the
be scammed by advisors looking to make easy-to-understand fi les, and safeguard money, or not being able
a quick buck. Work with your spouse now them somewhere easily accessible. to maintain a career?
so he or she can stay out of trouble after Get your spouse involved in the Then join leaders
you are gone. fi nances. Teach him or her. You are cre- in the military spouse
It’s vital for spouses to be informed. ating a hardship after your death if you community at the third
Survivors often do not know how much don’t. At the very least, appoint someone annual MOAA Military
money is available in bank accounts. Some you trust who can serve as a fi nancial Spouse Symposium May
aren’t certain how to pay a bill or who to manager after you are gone, and be sure 14 at the Virginia Beach
pay it to. One survivor thought $200 in a to introduce your spouse to that person. Convention Center in
Virginia Beach, Va.
During this infor-
mation-packed day,
the country’s leading
military spouse experts
will share their advice
on building successful
military relationships,
*
networking for personal
and professional suc-
cess, and putting more
money back in your
pocket by maximizing
your military benefits.
For more information
or to register, visit www
.moaa.org/spousesympo
sium or call (800) 234-
MOAA (6622). Space is
limited and prior registra-
tion is required.
ILLUSTRATION: TIMOTHY COOK M AY 2 0 0 9 M I L I T A R Y O F F I C E R 2 5
MMay_rf.indd Sec1:
25ay_rf.indd Sec1:25 44/9/09 6:10:06 PM/9/09 6:10:06 PM
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