It is pretty well-known that one active-duty service member commits suicide almost every day. It is less well known that 22 veterans commit suicide every day. It is believed that half kill themselves so their families can receive the insurance money. Veterans are extremely vulnerable to high-pressure, commission-driven salesmen. Frankly, they have no financial education and are easily preyed upon!
At our convention of the National Association of Personal Financial Planning in Salt Lake City a few weeks ago, I learned of a new program to assign a disabled veteran to volunteer planners for free financial planning. Of course, I signed up and anxiously look forward to helping some fellow veteran . . . before it is too late!
I’ll keep you posted . . .