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Big Picture Retirement®

#094: BIG Update Coming to VA Benefits

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 15 October 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

Important benefits offered by the Department of Veterans Affairs (VA) are changing.

Devin and John talk about:

  • Improved Pension with Aid and Attendance
  • Clearly Defined Assets Test
  • Adding A Look-back Period

For more information, visit the show notes at http://www.bigpictureretirement.net/094

Transcript

Click on a timestamp to play from that location

0:00.0

The Big Picture Retirement Show does not provide specific tax, legal, or financial advice.

0:05.1

Listeners are encouraged to seek out their own advisors in these areas.

0:12.9

Hello everyone and welcome to the Big Picture Retirement Podcast.

0:16.5

This is the podcast for anyone who is planning for or living in retirement. I'm your host,

0:22.1

Evan Carroll, joined as always by my co-host, John Ross. Hey, John. Howdy.

0:30.9

So, John, before we jump into today's episode, which is a big update on VA benefits. That's right.

0:35.7

There's been some big changes come about. Massive changes. Your office is completely slammed right now with this stuff. We are. I had to drag you away to come record this episode. But before we get into the topic for today, I want to thank our listeners for something. While you were gone, oh, by the way, welcome back. You were going for three weeks. I know. I was gone for

0:54.5

three weeks. I had to go visit the homeland. Yes, the homeland. Now, do you have some Scottish in you?

1:00.5

I'm actually a fourth generation. Really? Yeah. I had no idea. Yeah. And of course, Ross,

1:06.4

famous Highland clan, the two northern counties in the Highlands are Easter Ross and

1:11.3

Wester Ross.

1:12.6

There's the Ross Castle, which is occupied by the guy that owns Herods.

1:17.7

Wow.

1:18.3

Yeah, he has, I believe he's a Saudi.

1:20.4

His son is the young man that was killed with Princess Diana in the Carbric.

1:24.7

Really?

1:25.1

Yeah, yeah, yeah.

1:25.7

He owns Herod's department store in London.

1:27.4

He lives in Ross Castle, and despite my ranting on his front porch would not get out of my house. He wouldn't, no. He wouldn't leave? How dare he? How dare he stay there? Get out, man. Yeah. This is my castle. My ancestors. I have besieged you.

2:04.0

Didn't work, huh? No, it didn't work. Maybe in another era that would have worked. Maybe in another era. But to any listeners that are contemplating a trip to Scotland, highly recommend. Yeah. Yeah, you were going for a while. And then I happen running to you, of all things, at the airport. So I'm sitting there waiting on my flight and here comes John Ross down the hall.

2:01.0

And you were not ready to come home. I thought

2:06.2

you would have been ready to come home after a week. And you weren't. I would have stayed and we

...

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