DENVER – The Financial Planning Association® (FPA®) today offered its strong support of the U.S. House of Representatives for their unanimous backing of a proposal by Representative Rush Holt (D-N.J.) to study the role financial hardship has on U.S. service members and the rise in military suicides.
“FPA, an association of 23,000 members, including more than 16,000 CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals, congratulates congressional leaders, especially Representative Rush Holt, for their decision to study the impact finances have on the lives of our service members. No American, let alone the men and women who serve our country in our armed forces, should feel helpless because of their personal financial situation. As a country we owe their families a pathway to stem the rising rate of military suicides as a result of financial hardship.
FPA, and our more than 90 chapters across the country, have supported military members through the delivery of pro bono financial services. Nationwide, our chapters and members have volunteered thousands of hours of their time over the years with various military and non-profit organizations to support military families to bring comprehensive financial planning services directly to them. Our members understand the financial challenges facing our military families and we look forward to continuing to do our part to provide financial guidance and planning so they don’t feel there is no other way out of financial hardship.”
FPA member Dick Power, CFP®, a retired U.S. Army Colonel and current financial planning professional in Walpole, Mass. adds, “I know the stresses soldiers face and have worked with many over the past ten years. Sound financial planning and counseling can really make a difference. I’ve seen it with the soldiers and families that I’ve helped. It isn’t just the current conflicts; this problem will endure and we can be part of the solution.”