Baby Boomer Lifeboat   

    Tips for Comfortably Retiring on a Limited Income

Baby Boomers can still retire even on a limited income by taking steps to stretch their dollars! 

Tips and advice for making your retirement dollars go further!

 

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VA Benefits for Baby Boomers

Are You a Military Vet? You may be Eligible for

Benefits You Knew Nothing About!

Map courtesy of CIA.  Photos courtesy of BBC.

 

There are over 23 million military veterans in the United States today.  Only 8 million are receiving VA benefits.  There are a host of benefits that your military service may qualify you to receive to supplement your retirement income or reduce expenses.

AARP ran an excellent roundup of the benefits entitled to veterans in their May-June 2010 magazine: Giving Back to Vets by Dave Lindorff. The topics covered (along with qualifying criteria) include:

Assisted Living

Disability Compensation

Healthcare

In-Home Care

Nursing Home Care
Pensions for War Veterans
Prescription Drugs
VA-Guaranteed Mortgages
 

If you are a Baby Boomer veteran (even for just one day in wartime!), we urge you to read this AARP article.  You may be missing out on benefits you never knew about!  For example, did you know that Vietnam veterans who suffer from any of 12 ailments (Parkinson's, certain cancers ,some types of heart disease, etc.) automatically qualify for disability compensation?!  Do yourself a favor and read Giving Back to Vets.

 

Recommended Websites

 

AARP - Article about how to claim veteran benefits.

 

VA Benefits - Department of Veteran Affairs site that explains benefits.  Particularly interesting is the Pension and Compensation Service page.

 

Military.com - Veterans Benefits explained.

 

VA Home Loan Guide - Excellent explanation found on Military.com.

 

Agent Orange Disability Compensation - Full list of diseases that automatically qualify veterans and widows of vets for disability compensation.

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