Comprehensive Guide to Financial and Administrative Tasks for Newly Married Couples
M
a
r
r
i
a
g
e
T
C
7
A
g
e
n
d
a
•
C
o
m
m
u
n
i
c
a
t
i
o
n
•
A
d
m
i
n
i
s
t
r
a
t
i
v
e
t
a
s
k
s
•
F
i
n
a
n
c
i
a
l
p
l
a
n
n
i
n
g
•
I
n
s
u
r
a
n
c
e
•
E
s
t
a
t
e
p
l
a
n
n
i
n
g
a
n
d
t
a
x
e
s
•
W
r
a
p
u
p
a
n
d
r
e
s
o
u
r
c
e
s
•
D
i
s
c
u
s
s
w
i
t
h
y
o
u
r
n
e
w
s
p
o
u
s
e
Current financial situation
Financial goals
Spending
Saving and investing
•
F
i
n
a
n
c
i
a
l
a
s
s
e
s
s
m
e
n
t
s
a
n
d
h
a
n
d
o
u
t
s
My Rating as a Money Manager Handout
Financial Values Handout
•
C
o
m
p
l
e
t
e
i
n
d
e
p
e
n
d
e
n
t
l
y
a
n
d
c
o
m
p
a
r
e
r
e
s
u
l
t
s
w
i
t
h
s
p
o
u
s
e
C
o
m
m
u
n
i
c
a
t
i
o
n
My Rating As a Money Manager
and
Financial Values
Handouts Available
•
D
o
c
u
m
e
n
t
s
Marriage certificate
Name change updates
Store documents in a safe place
•
D
E
E
R
S
Update marital status
Military dependent IDs
•
C
h
a
n
g
e
s
t
o
p
a
y
Check Payslip for correct pay and allowances
Overpayments
Marriage
Member Checklist Available
A
d
m
i
n
i
s
t
r
a
t
i
v
e
T
a
s
k
s
•
S
p
e
n
d
i
n
g
P
l
a
n
W
o
r
k
s
h
e
e
t
•
H
o
u
s
i
n
g
a
n
d
t
r
a
n
s
p
o
r
t
a
t
i
o
n
•
E
m
e
r
g
e
n
c
y
f
u
n
d
•
B
a
n
k
i
n
g
•
P
a
y
i
n
g
b
i
l
l
s
Spending Plan Worksheet, Major Purchases,
and
5 Rules of Buying a House
Handouts Available
F
i
n
a
n
c
i
a
l
P
l
a
n
n
i
n
g
P
r
o
t
e
c
t
y
o
u
r
s
e
l
f
f
r
o
m
i
d
e
n
t
i
t
y
t
h
e
f
t
U
n
d
e
r
s
t
a
n
d
i
n
g
c
r
e
d
i
t
Credit reports
Credit scores
M
a
n
a
g
i
n
g
d
e
b
t
Debt reduction
Rules
Seek assistance
C
r
e
d
i
t
a
n
d
D
e
b
t
Payment
History
3
5
%
Amounts
Owed
3
0
%
Length of
Credit History
1
5
%
Types of
Credit
1
0
%
New
Credit
1
0
%
Understanding Credit, Military Consumer Protection, Servicemembers Civil Relief Act,
and
Sources of Help for Military Consumers
Handouts Available
R
e
t
i
r
e
m
e
n
t
•
M
i
l
i
t
a
r
y
r
e
t
i
r
e
m
e
n
t
s
y
s
t
e
m
s
•
R
e
t
i
r
e
m
e
n
t
s
a
v
i
n
g
s
g
o
a
l
s
•
T
h
r
i
f
t
S
a
v
i
n
g
s
P
l
a
n
(
T
S
P
)
•
A
d
d
i
t
i
o
n
a
l
r
e
t
i
r
e
m
e
n
t
s
a
v
i
n
g
s
o
p
t
i
o
n
s
Civilian employer plans for non-military
spouse
Spousal Roth or Traditional IRAs
Review and update beneficiaries
Military Retirement
and
Thrift Savings Plan
Handouts Available
O
t
h
e
r
B
e
n
e
f
i
t
s
S
u
r
v
i
v
o
r
B
e
n
e
f
i
t
s
M
i
l
i
t
a
r
y
D
e
a
t
h
G
r
a
t
u
i
t
y
S
u
r
v
i
v
o
r
B
e
n
e
f
i
t
P
l
a
n
(
S
B
P
)
D
e
p
e
n
d
e
n
c
y
a
n
d
I
n
d
e
m
n
i
t
y
C
o
m
p
e
n
s
a
t
i
o
n
(
D
I
C
)
Survivor Benefits Overview, Education Benefits & Savings, Paying off Student Loans
Handouts Available
E
d
u
c
a
t
i
o
n
B
e
n
e
f
i
t
s
T
u
i
t
i
o
n
A
s
s
i
s
t
a
n
c
e
G
I
B
i
l
l
B
e
n
e
f
i
t
s
I
n
c
o
m
e
-
B
a
s
e
d
R
e
p
a
y
m
e
n
t
P
l
a
n
H
e
a
l
t
h
a
n
d
D
e
n
t
a
l
I
n
s
u
r
a
n
c
e
•
E
n
r
o
l
l
n
e
w
f
a
m
i
l
y
m
e
m
b
e
r
s
t
h
r
o
u
g
h
D
E
E
R
S
90 days/120 days OCONUS
Active Duty – TRICARE
Reserve – TRICARE Reserve Select
•
A
l
t
e
r
n
a
t
i
v
e
s
Coordination of benefits with TRICARE
and civilian insurance plan
Coverage through civilian employment
Affordable Care Act
•
E
n
r
o
l
l
i
n
d
e
n
t
a
l
c
o
v
e
r
a
g
e
TRICARE Overview
Handout Available
P
r
o
p
e
r
t
y
I
n
s
u
r
a
n
c
e
R
e
v
i
e
w
a
n
d
u
p
d
a
t
e
y
o
u
r
c
u
r
r
e
n
t
i
n
s
u
r
a
n
c
e
p
o
l
i
c
i
e
s
•
A
u
t
o
Add new spouse
Add additional vehicle(s)
•
P
r
o
p
e
r
t
y
(
h
o
m
e
o
w
n
e
r
s
/
r
e
n
t
e
r
s
)
Combine policies
High-value items
Liability claims
•
S
e
r
v
i
c
e
m
e
m
b
e
r
s
’
G
r
o
u
p
L
i
f
e
I
n
s
u
r
a
n
c
e
(
S
G
L
I
)
Update beneficiary
•
F
a
m
i
l
y
S
e
r
v
i
c
e
m
e
m
b
e
r
s
’
G
r
o
u
p
L
i
f
e
I
n
s
u
r
a
n
c
e
(
F
S
G
L
I
)
Enroll spouse
Children automatically covered when
registered with DEERS
•
P
r
i
v
a
t
e
l
i
f
e
i
n
s
u
r
a
n
c
e
Review coverage and update beneficiaries
Term vs. permanent policies
L
i
f
e
I
n
s
u
r
a
n
c
e
L
i
f
e
I
n
s
u
r
a
n
c
e
N
e
e
d
s
Y
o
u
r
T
o
t
a
l
N
e
e
d
Subtract current coverage and assets
E
s
t
a
t
e
P
l
a
n
n
i
n
g
R
e
v
i
e
w
a
n
d
u
p
d
a
t
e
i
m
p
o
r
t
a
n
t
d
o
c
u
m
e
n
t
s
Will
Power of attorney
Living will
Medical directives
Trusts
Asset titling
Home of record/residency considerations
Visit your
L
egal Service
O
ffice for assistance
Estate Planning
Handout
Available
T
a
x
e
s
•
R
e
v
i
e
w
y
o
u
r
n
e
w
t
a
x
s
i
t
u
a
t
i
o
n
Federal and state tax withholding
Tax withholding estimator (
IRS.gov
)
Visit Direct Access
•
R
e
s
i
d
e
n
c
y
i
s
s
u
e
s
Military Spouse Residency Relief Act (MSRRA)
Veterans Benefits and Transitions Act of 2018
•
C
G
S
U
P
R
T
Free tax software and filing
Professional assistance
S
u
m
m
a
r
y
C
o
n
g
r
a
t
u
l
a
t
i
o
n
s
o
n
y
o
u
r
m
a
r
r
i
a
g
e
!
Let’s recap what you learned:
Communication
Administrative tasks
Financial planning
Insurance
Estate planning and taxes
R
e
s
o
u
r
c
e
s
•
S
e
a
L
e
g
s
P
u
b
l
i
c
a
t
i
o
n
•
U
n
i
t
O
m
b
u
d
s
m
a
n
•
P
r
e
-
m
a
r
i
t
a
l
a
n
d
M
a
r
r
i
a
g
e
C
o
u
n
s
e
l
i
n
g
•
C
h
e
c
k
l
i
s
t
a
n
d
H
a
n
d
o
u
t
s
•
F
i
n
a
n
c
i
a
l
E
d
u
c
a
t
i
o
n
a
n
d
S
u
p
p
o
r
t
Command Financial Specialists (CFS)
Personal Financial Managers (PFM)
Health, Safety and Work-Life (HSWL)
Regional Practice
CG SUPRT
Coast Guard Mutual Assistance (CGMA)
•
F
i
n
a
n
c
i
a
l
L
i
t
e
r
a
c
y
M
o
b
i
l
e
A
p
p
s
Coast Guard Work-Life mobile app
DoD FINRED Sen$e mobile app
T
h
a
n
k
Y
o
u
!
The
appearance
of
U.S. Department of Homeland Security (DHS)
visual information does
not imply or
constitute DHS endorsement.
Navigate the complexities of merging finances and administrative tasks after marriage with this comprehensive guide. From communication strategies to administrative checklists, financial planning, credit and debt management, retirement options, and other benefits, equip yourself with essential knowledge and tools for a successful financial future together.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
TC 7 Marriage Internal
Agenda Communication Administrative tasks Financial planning Insurance Estate planning and taxes Wrap up and resources Internal
Communication Discuss with your new spouse Current financial situation Financial goals Spending Saving and investing Financial assessments and handouts My Rating as a Money Manager Handout Financial Values Handout Complete independently and compare results with spouse My Rating As a Money Manager and Financial Values Handouts Available Internal
Administrative Tasks Documents Marriage certificate Name change updates Store documents in a safe place DEERS Update marital status Military dependent IDs Changes to pay Check Payslip for correct pay and allowances Overpayments Marriage Member Checklist Available Internal
Financial Planning Spending Plan Worksheet Housing and transportation Emergency fund Banking Paying bills Spending Plan Worksheet, Major Purchases, and 5 Rules of Buying a House Handouts Available Internal
Credit and Debt Protect yourself from identity theft Understanding credit Credit reports Credit scores Managing debt Debt reduction Rules Seek assistance New Credit 10% Types of Credit 10% Length of Credit History 15% Payment History 35% Amounts Owed 30% Understanding Credit, Military Consumer Protection, Servicemembers Civil Relief Act, and Sources of Help for Military Consumers Handouts Available Internal
Retirement Military retirement systems Retirement savings goals Thrift Savings Plan (TSP) Additional retirement savings options Civilian employer plans for non-military spouse Spousal Roth or Traditional IRAs Review and update beneficiaries Military Retirement and Thrift Savings Plan Handouts Available Internal
Other Benefits Survivor Benefits Education Benefits Military Death Gratuity Survivor Benefit Plan (SBP) Dependency and Indemnity Compensation (DIC) Tuition Assistance GI Bill Benefits Income-Based Repayment Plan Survivor Benefits Overview, Education Benefits & Savings, Paying off Student Loans Handouts Available Internal
Health and Dental Insurance Enroll new family members through DEERS 90 days/120 days OCONUS Active Duty TRICARE Reserve TRICARE Reserve Select Alternatives Coordination of benefits with TRICARE and civilian insurance plan Coverage through civilian employment Affordable Care Act Enroll in dental coverage TRICARE Overview Handout Available Internal
Property Insurance Review and update your current insurance policies Auto Add new spouse Add additional vehicle(s) Property (homeowners/renters) Combine policies High-value items Liability claims Internal
Life Insurance Servicemembers Group Life Insurance (SGLI) Update beneficiary Family Servicemembers Group Life Insurance (FSGLI) Enroll spouse Children automatically covered when registered with DEERS Private life insurance Review coverage and update beneficiaries Term vs. permanent policies Internal
Life Insurance Needs Liabilities (debts and obligations) Income (amount X numbers of years needed) + Final expenses Education and other goals + + Subtract current coverage and assets Your Total Need Internal
Estate Planning Review and update important documents Will Power of attorney Living will Medical directives Trusts Asset titling Home of record/residency considerations Visit your Legal Service Office for assistance Estate Planning Handout Available Internal
Taxes Review your new tax situation Federal and state tax withholding Tax withholding estimator (IRS.gov) Visit Direct Access Residency issues Military Spouse Residency Relief Act (MSRRA) Veterans Benefits and Transitions Act of 2018 CG SUPRT Free tax software and filing Professional assistance Internal
Summary Congratulations on your marriage! Let s recap what you learned: Communication Administrative tasks Financial planning Insurance Estate planning and taxes Internal
Resources Sea Legs Publication Unit Ombudsman Pre-marital and Marriage Counseling Checklist and Handouts Financial Education and Support Command Financial Specialists (CFS) Personal Financial Managers (PFM) Health, Safety and Work-Life (HSWL) Regional Practice CG SUPRT Coast Guard Mutual Assistance (CGMA) Financial Literacy Mobile Apps Coast Guard Work-Life mobile app DoD FINRED Sen$e mobile app Internal
Thank You! The appearance of U.S. Department of Homeland Security (DHS) visual information does not imply or constitute DHS endorsement. Internal
