Image by Вадим Кольцов from Pixabay
Admiration for military veterans has never wavered.
Still, it can be understandably difficult for senior military veterans to admit needing help. Born in a different era and braving unimaginable hardships, needing support may be wrongly interpreted as weakness.
Moreover, it might be that senior military veterans believe themselves to be alone, fading into a sad obscurity. The help that is on offer may not be known to them.
If you are a senior military veteran, then you will find some directions to some tailored online resources down below.
The Military Health System
As always, your first concerns should first be centered on your health.
The nationwide Military Health System offers a medical benefit commensurate for military retirees and their families. They offer direct care through their military hospitals and clinics, also known as treatment facilities (MTFs), or Private Sector Care. This makes it an unmissable service that you will likely need to utilize regularly during your twilight years.
You must also make sure that your family is suitably informed also, as they will likely receive a higher degree of care than they would elsewhere. This service combines cutting-edge medical research and development with the betterment of public health, so the peace of mind this all affords will be unmatched.
The Consumer Financial Protection Bureau
Guiding military veterans through life’s many financial struggles, the Consumer Financial Protection Bureau provides crucial support.
If you are someone who used to serve, then you have dealt with the reality of tough situations. Not being as sharp as you once were in youth is unfortunately one of them. Before engaging with the services above, remind yourself that many people from the older generations typically fall victim to financial scams. With that mindset, you will be better prepared to take extra steps in protecting your dollars.
After that foundation of understanding has been established, proceed with consulting the Consumer Financial Protection Bureau. Their offshoot Office of Servicemember Affairs (OSA) supports military families in overcoming unique financial challenges. Pay attention to what they tell you, because they will help you deal with scams that are tailored to military veterans. Additionally, you should work with them to improve your money management skills and take care to heed their advice on filing complaints should the need ever arise.
Veteran Affairs Loans
After you have begun safeguarding your finances, you can then begin confidently adding to your assets.
You could better your chances at getting on the property ladder if you have been renting thus far. A viable mortgage alternative, the Veterans Affairs (VA) loan nudges private lenders into offering a $0 down payment with great rates. You do not require Private Mortgage Insurance to enjoy these benefits either.
Investigate the Hero Loan, and they will guide you through the process of applying for your COE (Certificate of Eligibility) for the VA loan. This is dependent on the accumulated time of your service and which branch you served in. The Hero Loan will also help you gather all the necessary paperwork to see the process through. They fittingly view you as a hero already, so do not hesitate to call on them in your hour of need.
