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TRANSITIONING FROM MILITARY TO CIVILIAN EMPLOYMENT PRESENTED BY MEMBERS OF THE A.S.I.S. MILITARY LIAISON COUNCIL September 14, 2016 Orlando, Florida
TRANSITIONING FROM MILITARY TO CIVILIAN
EMPLOYMENTPRESENTED BY MEMBERS OF THE
A.S.I.S. MILITARY LIAISON COUNCIL
September 14, 2016 Orlando, Florida
Transitioning from Military
to Civilian Employment?
Here are a Few Tips…PRESENTED BY MEMBERS OF
THE A.S.I.S. MILITARY LIAISON COUNCIL
DALLAS, TEXAS, SEPTEMBER 27, 2017
Session Objective
This session is directed to:
• Soldiers and Marines returning from on ground overseas combat
• Sailors and Coasties coming home from 12 months at sea
• Airmen ending deployments away from home and family
Changing from boots on the ground to wingtips and heels.
The transition from military deployment to the corporate ladder, be it leader or follower, is nerve wracking. We want to review some avenues for your upcoming change in life style. Our time is limited, but the information is life related.
Four of your Presenters are military veterans, now working in varied non-military positions
Erin Parks, CPP (U S Marine Corps), Sterling Bay
David Bareno, CPP (U S Navy), Westgate Hotels
Joe McDonald, CPP (U S Marine Corps), SWITCH
Mark Nilsen, Smith Barney Investments
Hank Nolin, CPP, (U S Army), Sun Security, Inc.
HOW DO YOU FIT FIVE MARINES IN THE BACK SEAT OF A VOLKSWAGEN?
Erin Parks, CPP, CBCPSecurity ManagerSterling BayChicago, Il(312) [email protected]
From Military Service to Corporate Employment
Transition
Take advantage of military offered transitioning services to
learn basic job searching and interviewing techniques.
Network with peers who have already navigated the transition.
Highlight relevant skills that the employer can understand.
Be ready to apply your talents, while learning new industries!
From Military Service to Corporate Employment
Corporate Culture
Be ready for a change.
From Military Service to Corporate Employment
Corporate Success
Continue to expend your network with diverse connections.
Find a mentor or multiple mentors and take advantage!
Successful? Don’t stop there – Continuous skill improvement!
From Military Service to Corporate Employment
Summary
David A. Bareno, CPPCorporate Director of SecurityWESTGATE ResortsOrlando, Fl.U. S. NAVY ReserveLt. [email protected]
How much responsibility do I want?
Types of Employment
• Federal Employment
• State/Local Law Enforcement
• Corporate Security
• Private Security
Federal Employment
In the United States – USAJOBS
https://www.usajobs.gov/
Other Countries
State and Local Employment
Local and State Law
Enforcement is a great option.
Many have Veterans
preference hiring practices
Private Security Companies - Hotel Chains – Large Companies
Henri R. (Hank) Nolin, CPP, CFR,
K-9 Master TrainerPresident,
SUN SECURITY, Inc.DeLeon Springs, Florida
(386) [email protected]
US Army, Msg, Ret.
Army times:
Initial enlistment from 1975 thru 1979Remained in US Army Reserve thru 2004Activations:Admin support ARPECEN 1983-1984Operation Desert Shield/Desert Storm 1990-1991Haiti Protection 1994Operation Enduring Freedom 2003Retired 2004
Civilian times:
Law Enforcement: Small town, GaCollege campus, Atlanta
Private Security Companies: Hilton Hotels, Pinkerton, Globe, Wells Fargo
1988 formed my own private security company
2000 formed K-9 company
1988 To form SUN SECURITY INC
U S Veterans Administration Small Business Loan
$75,000.00
Repaid within 5 years
SUN SECURITY, Inc.
V A Disabled Veteran Business Expansion Loan
Funds mostly used to purchase existing company I was working for ($50,000)
Balance was used to:
Refurbish uniformsModernize office operationsRefurnish office spaces
WILD FIRES IN CENTRAL FLORIDA, JUNE-AUGUST 1998
CANCELLED NASCAR JULY 4TH RACE IN DAYTONA BEACH
FEMA LOAN FOR $32,000 LOST INCOME PROFIT
IS YOUR BUSINESS IN DANGER?
SUN STATE SPECIACIALTY K-9, Inc.
K-9 Operations1999 Client asks for Drug Detection K-9 servicesLocal bank for short term loan$25,000.00Purchase two drug dogsTraining handlers
Post 9-11$50,000.00 Homeland Security Expansion Loan Purchase Bomb Detection dogsBuild Kennel
Disabled military veterans are eligible for certain benefits due to their injuries incurred while in the line of duty. One of these benefits is assistance with finding and obtaining the funds necessary to start, operate or grow a small business. The Small Business Administration (SBA) works with the U.S. Department of Veteran Affairs to help them obtain these loans.
MANY COMPANIES OFFER REDUCED UPFRONT INVESTMENT FOR VETERAN AND DISABLED VETERAN FRANCHISE PURCHASE
CHIC-FIL-ADICK’S BBQMCDONALD’SPET PARADISEFAMOUS FOOTWEARINCREDIBLE EDIBLESPARTY WORLDAND MANY MORE
SOME VETERAN FINANCING SOURCES
https://www.sba.gov/starting-business/how-start-business/business-types/veteran-owned-businesses
www.va.gov/landing2_business.htm
business.usa.gov/veterans
www.va.gov/osdbu/entrepreneur
http://www.va.gov/opa/publications/benefits_book.asp
Joseph McDonald, CPP, PSP, CMAS, CSOChief Security Officer,
SWITCHLas Vegas, Nevada
What and why we protectMilitary and/or Law Enforcement Background• Understanding of basic security functions• Sense of Duty / Wrong from Right• Goal oriented / Self-driven• Understand following rules• Community
Process
HR does the recruitingFirst interview• 30m to complete application• Meet with Investigator to review application and initial questions• If failed – told at that time• If passed – told what would be required at the 2nd InterviewSecond Interview• Panel of 4-5 Directors• Simple questions• Requires thought and study to answer
FailuresFirst Round Failure 25%Second Round Failures 50% *• Fear• Problems with Discharge• Lack of Company History• Not reviewing material• Inability to communicate• No faults• Poor eye contact• Displayed lack of confidence• Culture fit
Marc A Nilsen, First Vice PresidentThe Everest GroupNMLS# 1262266Morgan Stanley Wealth Management285 Clyde Morris Boulevard, Suite 100 | Ormond Beach, FL 32174Direct: +1 386 671-2317Toll Free: +1 800 824-1391Fax: +1 386 [email protected]
Considerations as You Near Retirement
MARC A. NILSENFirst Vice President – Wealth ManagementMorgan Stanley
Why Are We Here Today?
• Describe factors that affect your personal financial situation, including time
horizon, investment objectives, and risk tolerance, and how they change as you
near retirement
• Examine the effects that changes in your personal financial situation have on
your asset allocation strategy
• Describe required minimum distributions and how they may affect your
retirement planning
• Describe factors that should be considered in adjusting your portfolio to meet
your retirement goals
Time Horizon• Generally affects the amount of risk
that you can take
• May need to adjust portfolio to
reflect your shortening time horizon
• Need to consider years spent in
retirement as well as years
remaining until you retire
Investment Objectives
Liquidity to meet income needs
Income to supplement other
income sources
Asset Allocation
• Generally viewed as the most appropriate investment strategy for a
retirement portfolio
• Divides investment assets between various asset classes, according to the
investor's investment objectives and risk tolerance
• Serves to reduce the volatility of the portfolio and provide greater consistency
of return
Asset allocation does not assure a profit or protect against loss in declining financial markets.
Asset Allocation (cont’d)
The pie charts on this slide are for illustrative purposes only and are not a recommendation of any particular asset allocation.
AGE 40 AGE 50 AGE 60 AGE 70 AGE 80
Stocks Bonds Cash
Required Minimum Distributions
• Must be taken from
qualified accounts
• Generally speaking, must begin by
April 1 of the year following the
year in which you reach age 70½
• Calculated by dividing the account
balance as of December 31 of the
previous year by the appropriate
life expectancy factor
Portfolio Adjustments
• If eligible, consider consolidating retirement accounts (refer to discussion about
distribution options from qualified plans which is provided later)
• Determine which accounts to withdraw from first
• Select appropriate investments
Portfolio Adjustments –Consolidating Accounts• Simplifies management of retirement assets
• Allows performance to be more easily monitored
• Allows withdrawals to be made efficiently
Taxable Brokerage Account
IRAMain Bank IRA
DEF Brokerage Account
Old Company 401(k)
XYZ Growth Fund
Portfolio Adjustments – Account Withdrawal Order
Assets Taxable as Ordinary Income
Employer-Sponsored Retirement Plans and Traditional IRAs
Roth IRAs
Capital Gains Assets
Portfolio Adjustments – Selecting Investments• Appropriate based on your risk tolerance and investment objectives
• Investments that provide income and hedge against the effects of inflation
• Structured to provide tax efficiency and liquidity as needed
Qualified Retirement Plan Distribution Options
• Cash out
• Leave assets in your employer's qualified retirement plan
• Roll over to a new plan
• Roll over to an IRA
Factors to Consider1. Investment Options
2. Fees and Expenses
3. Services
4. Penalty-Tax Free Withdrawals
5. Bankruptcy and Legal Judgments
6. Required Minimum Distributions or “RMDs”
7. Employer Stock
