U.S. military action in the Middle East could end quickly. But if it continues, and the armed services call many members of the National Guard and Reserve into active military duty, financial advisors could suddenly get questions about the financial implications.
The Servicemembers Civil Relief Act is the federal law that protects service members against nagging problems with cell phones, mortgage loans, life insurance premium payments and credit card bills.
The Uniformed Services and Reemployment Rights Act governs service members' jobs, civilian health benefits and retirement benefits.
The federal laws and regulations affecting service members' finances are complicated and subject to change. Experts urge any advisors who want to try to help clients or others with these issues to form referral relationships with trusted, experienced sources of information.
But for five very basic highlights about how USERRA and SCRA work, see the gallery accompanying this article.
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