Finance
Here’s What to Do With the Biggest Retiree Pay Raise in Decades
An 8.7% COLA boost will mean thousands more dollars for some beneficiaries. Follow these tips to use the money wisely.
As MOAA's Program Director, Financial and Benefits Education/Counseling, Lila Quintiliani, ChFC®, AFC®, develops and manages MOAA’s financial and benefits counseling, education, consumer advice, staff consultant and training programs. She provides members personalized, comprehensive, timely and appropriate financial advice and military/veterans benefits information assistance. She also conducts off-site classes and presentations to educate audiences in financial topics such as investments, retirement planning, risk management, insurance, savings programs, credit issues, taxes, estate planning, consumer awareness, survivor issues, and military/veterans/corporate benefit programs. She serves as the staff subject matter expert on financial and benefits matters to support MOAA’s legislative, marketing, and member product/service efforts, and provides financial and benefit content for MOAA’s print/electronic publications and multimedia channels.
An 8.7% COLA boost will mean thousands more dollars for some beneficiaries. Follow these tips to use the money wisely.
Factor in these tips when balancing retirement planning, paying for college, and your other financial priorities.
The temporary changes may let servicemembers and veterans secure a shorter path to forgiveness – or even qualify for a repayment.
From points to paperwork to the “gray area,” find out what you need to know for your next step.
This investment could be part of an estate planning strategy. Learn more about a sometimes-complicated process.
Get a breakdown of both types of retirement accounts, and use a MOAA resource to run the numbers.