Thomas Finneran has gone above and beyond in creating a plan for me and my future goals.
Looking back on it now, it’s crystal clear to us that the First Command Program is sound.
We first started with First Command (then known as USPA & IRA – we’re dating ourselves) in 1984. We were stationed at NAS Jacksonville attached to HS-7; an H-3 squadron assigned to the USS JOHN F. KENNEDY (CV67). We went to a presentation and decided to sign on.
There were a number of reasons we decided to join the company. One was the fact that neither of us particularly cared for finance-related things, so we likely would not have started as soon as we did on our own. The second reason was the fact that Tom was in a flying billet and as such could have ended up in a “smoking hole” somewhere, leaving Candy to deal with the myriad of issues arising from the passing of a spouse. The Navy has a robust CACO program, but it was comforting to know there was also someone who was available to walk us through the financial aspects of the process.
Our First Command program was built on three pillars: investments, savings, and insurance. To a young couple, before our son was born, the investment piece made sense, as did the savings, but the insurance was a bit more difficult for us, given that we were in good health, in our twenties, and with the SGLI of $200,000. Our first agent stressed to us the long-term focus of the program, and we went along with it. Now, in our sixties, with a whole life insurance policy, we feel much better financially about one of us being left behind. After we retired, Mike McGurk helped us get a policy that met all of our needs and established a new precedent for insurance negotiations.
We have liked every agent we have had and every one of them stressed the long-term focus of the program and what we needed to do to stay on course, even when it was something that was not particularly appealing to us at the time. That included putting more away each month, setting up a trust, and switching to a ROTH IRA when available. There was much grumbling (mostly from Tom) about the taxes as we paid, but we are glad we did it.
Looking back on it now, it’s crystal clear to us that the First Command Program is sound. We believe that the sacrifices we made along the way will be worth it and we are looking forward to our retirement!
–Capt. Tom Connolly, USN (Ret.) & Candy Connolly
This material contains a testimonial from a client of First Command Financial Services, Inc. and/or its affiliated entities (together “First Command”). The testimonial was provided by the client on a strictly voluntary basis. First Command has not paid any direct or indirect compensation to the client for the testimonial and is unaware of any other material conflicts of interest. The testimonial may not be representative of the experience of other First Command clients and is no guarantee of future performance or success.
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… John has also become a personal friend and confidant.