Financial Guidance for Veterans

Many people are familiar with the basic benefits available to veterans, but did you know there are unique programs that could be beneficial tools in building a financial plan?

Veterans benefits are complex and vary widely depending on the veteran’s status, period of service and eligibility. From a financial planning standpoint, many programs could help veterans and their families plan for the future.

Thank you to all those who have served our country. We are forever humbled by your sacrifice.

Our firm was founded by Bart Boyer who served during the Vietnam War. Senior Financial Advisor Neal Nolan served in the U.S. Army as a Medical Specialist (pictured above). We are proud of our veterans who know the unique situation you and your loved ones face. Others in our firm like Financial Advisor Scott Kittrell have connections through family service and working with military families in and around Ft. Bragg.

We are here to help. You have good reason to trust your personal wealth and your family’s future with Parsec. With $4.08 billion in assets under management as of March 31, 2022, we have the history and experience to help you succeed.

Veteran financial topics include:

Home Loans: Buying a home is a huge part of life’s journey and should be planned for accordingly. The VA has a program to help make purchasing a home a reality for veterans who qualify. Many veterans are eligible to purchase or refinance their home through the VA Home Loans program.
Life Insurance: Life insurance is a key topic to cover when building a financial plan. Programs offered through the VA may provide affordable coverage for veterans and their family members. Often the rates are discounted from what another insurance company would charge for similar coverage.
Long-term Care: Long-term care is not something we like to think about, but we must consider it when planning for the future. It can be very expensive and, unfortunately, is often necessary to provide care for aging relatives. Through both the Aid and Attendance and Housebound programs, many veterans who are eligible for a VA pension and require the aid and attendance of another person may be eligible to receive additional monetary assistance.
Caregiver Support: Do you or someone you know provide care to an aging veteran at home? The VA offers a caregiver support program.
Memorial and Burial Benefits: Did you know that many veterans are eligible to be buried in a national cemetery and have military honors at their ceremony at no cost? There are 135 national cemeteries, and if space allows, a veteran can choose to be buried in any one of them.
Educational Savings: Obtaining a quality education is often one of the motivating factors in a person’s choice to join the military. Most people have heard that serving in the military will earn you benefits for college tuition; however, the VA also offers benefits beyond monetary assistance, including the Education and Career Counseling program.