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TRANSITION OUT OF MILITARY LIFE

Transitioning from military service to civilian life can be challenging, especially when it comes to managing your financial future. At Clear Insight Wealth Management, we specialize in helping military personnel and government employees navigate this transition with confidence. Our tailored wealth management services provide the guidance and support you need to build a secure financial foundation and achieve your long-term goals.

Client Story: Jack & Jill’s Transition to Civilian Life

After 25 years of service, Jack was ready to trade his uniforms for a fresh start. Jill was ready to leave most recent job and embrace their transition to civilian life. Their transition was exciting — a move across the country, a new home, and encore careers. But with so many changes at once, they faced the same challenges that most military families encounter when stepping into civilian life.

Here’s how Clear Insight Wealth Management helped them — and how we help many families like them.

Jack’s military pension was steady. However, this was the first time they were both looking for new jobs. Jack’s new civilian job came with a great salary, a 401(k) with matching, and stock options. Jill’s new job was as a state employee with pension options, deferred compensation, and a 403b. Suddenly, their income picture looked very different from their years in uniform.
Our Approach: We built a financial plan that integrated their pensions, civilian salaries, and new retirement benefits so they could grow wealth without paying unnecessary taxes.
Losing SGLI and navigating new health plans can be overwhelming. Both Jack and Jill’s employer offered health insurance and stock options, but they weren’t sure how to fit those together with TRICARE. Jack’s employer offered a health care stipend for employees who did not claim coverage. Jill’s employer had generous family benefits.
Our Approach: We walked them through their health, dental, and life insurance options, making sure there were no coverage gaps and helping them choose the right mix of benefits.
Relocating across the country meant making a big housing decision. Jack and Jill wanted to use their VA loan benefit, but weren’t sure if it was their best option.
Our Approach: We helped them compare VA and conventional loans, budget for hidden relocation costs, and choose financing that kept their mortgage in line with their long-term goals.
Between Jack’s pension, new salary, stock options, and Jill’s salary, their tax picture became much more complex than when they were in uniform. In addition they suddenly found themselves subject to state and local income taxes for the first time in more than two decades.
Our Approach: We created a tax strategy to minimize bracket creep, plan for stock option taxation, and take advantage of deductions available in their new state of residence.
Jack and Jill also wanted to ensure their children — including one with special needs — would be cared for long into the future.
Our Approach: We helped them define their estate planning goals, integrated their Survivor Benefit Plan (SBP), and coordinated with special needs planning options to protect their child’s eligibility for benefits and provide for long term security. All while ensuring that they built a solid plan for their other children.

The Outcome

Today, Jack and Jill are thriving in their encore careers, living in their dream home, and building toward the future they envisioned after the military. With a solid plan in place, they’ve gone from uncertainty and stress to clarity — and now have the confidence to say yes to the life they worked so hard to earn.