Military retired pay (MRP) and Survivor Benefit Plan (SBP) payments are another important area of financial concern forveterans and their families. While these programs are fully exempt from taxation in states like Texas, Illinois, Florida, New York, and others, you should check for updates from...
Single Life Benefit or Survivor Benefit Option If you select the monthly payment, your next choice will be whether you want to receive a single life benefit or a joint and survivor benefit. The first choice will result in a higher monthly payment, but when the recipient dies, the be...