Category : Military Pensions

dreamstime_m_49020453

Not your Mother’s SBP

I’ve never been a big fan of the Suvivor’s Benefit Plan (SBP). As you may know, military retired pay ends on the dead of the retiree. Unlike a 401K or IRA, there is no bank account with money in it….

0 Comments / 65 View / May 23, 2008

dreamstime_m_41480416

Tax implications for Military Retired Pay

Before I start, let me state that I am not an accountant or tax attorney. Do not make any decisions regarding taxes based upon this posting. Discuss any tax plans with your accountant. In a recent decision by the U.S….

0 Comments / 128 View / February 14, 2008

dreamstime_m_34571120

New York Equitable Distribution, The Former Spouses Protection Act and the National Guard

I just settled a strange little divorce in front Judge Kent, in Suffolk County. On it’s face, it was nothing too strange. A forty year marriage, where the only property was a pension and a house. As I explained in…

0 Comments / 125 View / January 10, 2008