Retirement for Veterans: Maximizing VA Benefits for Care

Are you a veteran or spouse worried about paying for long-term care? Get the most out of your VA benefits so you can afford the care you need and deserve.
Even if you’ve planned for retirement, assisted living, skilled nursing care, and at-home care can be expensive. With VA programs like pension, aid and attendance, housebound allowance, and compensation, the care you or your spouse needs can become more affordable.
Talk to a representative from your local Veterans Affairs office or Veterans Service office to make sure you’re maximizing your retirement benefits. They can help you understand what services you are eligible for, connect you with other resources in the community, and make navigating application processes easier for you.
It’s never too late to start planning and saving for retirement, but the earlier you start the better. The military even has financial planners available to you if you’re still serving. Be sure to take advantage of the benefits available to you while you’re active duty and as a veteran so you can afford to retire when you want.
In Ohio? You can find your local county Veteran Service office here: https://dvs.ohio.gov/what-we-do/find-...
0:00 Welcome to today's episode about how veterans can maximize their VA benefits in retirement
0:44 When should someone in the military start planning for retirement?
1:30 Who should I involved in my retirement planning?
2:02
What are good retirement goals and how should I set them?
2:42 What support for financial planning does the military have?
3:14 Why should I start planning for retirement before I'm ready to retire?
4:11 What is the VA pension?
5:14 What is Aid and Attendance? How does Aid and Attendance help veterans pay for care?
5:54 What are the eligibility requirements for VA pension and Aid and Attendance?
6:25 What is the application process like for VA pension and Aid and Attendance?
7:06 What's the process for getting VA benefits for retirement?
8:30 What does the Aid and Attendance benefit cover?
9:58 What is the VA housebound allowance?
10:35 What are Veterans Directed Home and Community Based Services?
11:30 What is the VA disability compensation? How is VA disability compensation related to the VA pension?
12:27 What care does a senior living community offer veterans?
13:02 What services does the VA offer veterans for long-term care?
13:38 David's favorite part of working for Veterans Services
14:06 Start planning for retirement as early as possible and reach out to a veterans organization to maximize your benefits