HONORING OUR HEROES: VETERANS LEGACY CENTER
Welcome to Veterans Legacy Center, your comprehensive resource for navigating Medicare, burial benefits, and retirement planning deserved by our nation's veterans. Here, you'll find detailed guides on eligibility, benefits, and how to secure a dignified memorial as well as strategies for effective income, Medicare 101, and retirement planning. We're dedicated to helping you honor your service with peace of mind and financial stability.
Our Mission
At Veterans Legacy Center, our mission is to honor the sacrifices of our veterans by providing comprehensive and respectful support through burial benefits, retirement income planning, Medicare, and life insurance services. We are committed to empowering veterans and their families with the knowledge and resources needed to secure a dignified and financially stable future.
Services We Offer
Crafting extraordinary events tailored to your unique situation.
Medicare 101
Navigating the complexities of Medicare for Veterans can be overwhelming. Let us simplify the process and help you make informed decisions about your healthcare coverage.
Life Insurance 101
Life insurance is an essential component of any comprehensive financial plan. We'll help you understand the different types of life insurance and choose the right coverage to protect your loved ones and preserve your legacy.
Retirment & Income Planning
From building a solid retirement nest egg to creating a sustainable income stream in retirement, we'll develop a comprehensive retirement plan tailored to your lifestyle and financial objectives.
Veterans Burial Information
Planning ahead for your final arrangements can provide peace of mind for you and your loved ones. We'll work with you to create a preneed funeral plan that reflects your wishes and relieves the burden on your family during a difficult time.
Testimonials
Larry & Sophia Thompson
"Daniel reached out to us through Facebook to discuss our Veterans burial benefits. We are grateful he did. We were able to secure our final wishes and he helped us roll over our TSP account that was worrisome into a fixed indexed annuity. Thanks again Daniel!"
Robert Wessman
"I was turning 65 and retiring soon. I had a 401k that I wanted to start drawing income from because I needed the money to last for the rest of my life. Daniel introduced me to a product that was perfect for me called an Income Planning Annuity."
Tim & Barbara Welcher
"We needed to get our final wishes done for our family. Veterans Legacy center sent us a postcard in the mail that we finally responded to. Daniel called us, we booked an appt. He completed our preregistration for burial at the National Cemetery. We also completed our funeral arrangements with a local mortuary. I highly recommend working with Daniel!"
Frequently Asked Questions
Common Questions Answered for your convenience.
Why is preneed funeral planning important?
Preneed funeral planning allows you to make arrangements for your final wishes in advance, relieving your loved ones of the burden of making difficult decisions during a time of grief. By preplanning your funeral, you can ensure that your wishes are honored and provide peace of mind for yourself and your family.
What if I move out of town, can I take my funeral plan with me?
Yes, if you move out of town, you can typically take your preneed funeral plan with you. Most preneed plans are transferable, which means you can transfer your existing plan to a funeral home in your new location. However, it's important to check the specific terms and conditions of your preneed agreement, as transfer policies may vary by provider.
Additionally, there might be differences in service costs between different areas, which could affect the final amount you need to settle with the new funeral home. Always inform your preneed provider about your move and discuss how the transfer process will be handled.
As a Veteran, can I prequalify for my burial at the National Cemetery?
Yes, as a veteran, you can prequalify for burial at a National Cemetery through the Department of Veterans Affairs (VA) pre-need determination of eligibility program. This program allows veterans to establish their eligibility for burial in a VA national cemetery before the time of need. By prequalifying, you ensure that your eligibility is confirmed in advance, which can provide peace of mind to you and your family and help facilitate the planning process.
To apply for a pre-need determination of eligibility, you will need to submit VA Form 40-10007, Application for Pre-Need Determination of Eligibility for Burial in a VA National Cemetery, along with a copy of your military discharge documents, typically your DD Form 214 or other equivalent documentation showing your discharge status and service dates.
The VA reviews the application and, if eligible, issues a decision letter that provides confirmation of your pre-need eligibility, which can be used when needed. This letter does not reserve a specific gravesite or schedule funeral services but confirms your eligibility for when the time comes.
What is the best age to start planning for retirement?
The best time to start planning for retirement is as early as possible. However, it's never too late to begin. Whether you're in your 20s, 30s, 40s, or beyond, proactive retirement planning can help you achieve your financial goals and secure a comfortable retirement lifestyle.
How much money do I need to retire comfortably?
The amount of money you need to retire comfortably depends on various factors, including your lifestyle preferences, anticipated expenses, retirement age, and life expectancy. A retirement specialist can help you assess your financial situation, set realistic retirement goals, and develop a customized retirement plan tailored to your needs.
What is Medicare, and when should I enroll?
Medicare is a federal health insurance program for people aged 65 and older, as well as certain younger individuals with disabilities. It consists of several parts, including Part A (hospital insurance) and Part B (medical insurance). Most people become eligible for Medicare at age 65, but enrollment timelines vary depending on individual circumstances. It's essential to understand your Medicare options and enroll in a timely manner to avoid potential penalties.
What is the difference between a 401(k) and an IRA?
Both 401(k) plans and IRAs (Individual Retirement Accounts) are retirement savings vehicles, but they have different features and eligibility requirements. A 401(k) is typically offered by employers and allows employees to contribute a portion of their pre-tax income to a retirement account, often with employer matching contributions. IRAs, on the other hand, are individual accounts that individuals can open on their own and contribute to independently of their employer. Both offer tax advantages and investment options to help you save for retirement.
Why is life insurance important for retirement planning?
Life insurance can play a crucial role in retirement planning by providing financial protection for your loved ones in the event of your death. It can help replace lost income, pay off debts, cover final expenses, and leave a legacy for your beneficiaries. Additionally, certain types of life insurance, such as permanent life insurance, can accumulate cash value over time, which can be used to supplement retirement income or cover unexpected expenses.
If I have a TSP account, can I lose money in the market?
Yes, if you have a Thrift Savings Plan (TSP) account, it is possible to lose money in the market. The TSP offers various types of investment funds, some of which are subject to market risk. The funds that invest in the stock market, such as the C Fund (which invests in common stocks), the S Fund (which invests in small and mid-size companies), and the I Fund (which invests in international stocks), can fluctuate in value. When the market performs poorly, the value of these funds can decrease, leading to potential losses.
However, the TSP also offers the G Fund, which invests in government securities that are specially issued to the TSP and offers a return without the risk of losing money in the market. The F Fund, which invests in fixed-income securities, has lower risk compared to the equity funds but can still experience fluctuations based on interest rate changes.
To manage risk, it's important to choose a mix of investments that aligns with your risk tolerance, time horizon, and financial goals. Diversifying your investments across different types of funds can also help mitigate the risk of losses.
What does the VA cover for my burial expenses?
The VA will cover your burial space, the vault, opening/closing, the headstone, and honors along with a Presidential Certificate and the US Flag. The spouse and a child disable dependent can be buried for Free with the Veterans at any National Cemetery worldwide.
© 2024 Veterans Legacy Center All rights reserved.