“How valuable is getting $25,000 a year in VA Pension benefits?”
Sometimes there are families that say “OK, I get that the VA Pension can pay my father (a married veteran) up to $25,000 a year in tax free benefits. How valuable is this?”
Well, let’s think about it.
What is the rate of return on safe investments these days?
1%?
Maybe 2%?
So how much money do you have to invest to be able to draw out $25,000 a year (actually more with taxes) and not run out of money the rest of your father’s life?
$100,000?
Nope, as in 4 years the money would be gone.
What if your father will draw this benefit the next ten years?
That’s $250,000 but remember if he continues to live this benefit continues to pay.
Ask your financial planner how much money you have to have to be able to pull out $25,000 a year tax free for the rest of your life. It is a staggering amount of money given that our life expectancies continue to go up.
This benefit is an amazing benefit for war time veterans and their surviving spouses and it is definitely worth your time to investigate it.
If your loved one lives in Alabama and you have questions about whether they may be qualified for this benefit, or you want to prepare now to be qualified in the future, give us a call at 205-879-2447 or contact us online. We can set up a meeting or send you a free information package about this benefit.