To the men and women of all our Armed Forces, Air Force, Air National Guard, Army, Coast Guard, Marine Corps, National Guard, Navy and all the Reserves, we thank you for your service, sacrifice and dedication to making our home a safer place.
Let’s go back and understand how Veteran’s day became a National Holiday. In November 1919, President Wilson proclaimed November 11th as the first commemoration of Armistice Day with the following words: “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations.” Veterans Day was originally proclaimed as Armistice Day which marked the end of World War I. After World War II, the 83rd Congress and President Eisenhower amended the Act of 1938 by replacing the word Armistice and inserted the word Veterans. On June 1st, 1954 November 11th became a day to honor American veterans of all wars.
Many businesses have dedicated this day to honor our Veterans by offering them free meals, services and discounts. I’ve always been proud of being able to help people in any what that I can. So I said to myself, “What can I do to lend a hand; how can I help our heroes?” Well, after researching what financial benefits are available to our veterans, I have found that little is known about the benefit called Aid and Attendance Benefit, or Veterans Pension Benefit. There are several factors considering who can specifically qualify for these benefits. When applying for the benefit, Veterans Affairs will be looking at current age, income, total assets and medical conditions. If applicable, the benefit can provide up to $1,800 per month to a veteran or $900 to a widow or spouse which can be used for home care, assisted living and nursing home care.
The Veterans Pensions Benefit and all other military benefits are regulated and coordinated through the VA. Unfortunately I cannot coordinate these arrangements for you, but what I can do to help is be there with you while you take these steps. As a financial professional and your trusted advisor I dedicate my abilities to helping you in any way that I can.