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Consultations & Counseling

Focus on Answering the Marine’s Question.

The majority of the PFM time is spent meeting with individuals and couples to discuss topics presented by the clients. The most important outcome of the meetings is to answer as completely as possible the question or concern raised by the clients. Frequently in the meetings, related topics come up for discussion, and the PFM is committed to answering these questions, as well. Marines and their spouses tend to be in one of seven situations with respect to their finances:

  1. Financial Statement for BAH or Input to Commanding Officer’s Financial Statement for Special Duty Assignment. The PFM assists Marines in preparing financial statements for BAH Requests and in preparing Commanding Officer’s Worksheet for assignment to Special Duty (Drill Field, Recruiting Duty, Embassy Duty).
  2. The Marine’s Financial Situation is OK. But the Marine wants to do better. Want to learn about budgets, controlling spending, simple methods to track income and expenses, assts and liabilities, ways to set up bank or credit union accounts.
  3. The Marine’s Financial Situation is Not Good. Maybe credit issues, maybe just not getting ahead, not able to start saving. Maybe student loan challenges. Worried about his or her credit score.
  4. The Marine’s Financial Situation is Good. The Marine has money in a savings account from a reenlistment bonus or deployment. Wants to learn about investments and investing. Wants the PFM to explain in more detail, the TSP, IRAs, 401(k)s, plain vanilla (taxable) investments and investing.
  5. Car Buying. The Marine wants to know the best way to prepare for purchasing a car, particularly the negotiation with the dealership.
  6. Home Buying & Mortgages. The Marine wants to know where to start, how much he or she can afford, how to get a mortgage.
  7. Retirement. The Marine wants to know if he or she should elect the “High-3” retirement system or the REDUX retirement system with the $30,000 Career status Bonus (called the CBS/REDUX). The Marine wants to know if he or she should select the Survivor Benefit Program (SBP) Marines also want to know once they retire from the Marine Corps, how much more money they need to save or invest, or both, in order to have a comfortable standard of living when they finally retire-retire. And, what should they do with their TSP account? The PFM addresses these questions and more in the individual meetings and in the Retirement class.

The outcomes in Consultation sessions are limited only by our imaginations. We’ll do everything possible to find a feasible solution to a financial challenge.


Ways to Look at the Consultation Session
  • Productive Counseling: For those who are financially stable, but are exploring ways to use their resources more effectively.
  • Remedial Counseling: Designed for those who have reached a state of financial discomfort. Helps individuals understand their present financial state and learn ways to resolve their situation.
  • Preventative Counseling: Uses productive approaches to prevent financial hardship that could result from a known future expense (i.e. paying for college, buying a car, purchasing a home, PCS orders, spouse’s deployment, etc).

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