RADM (Ret.) Terry Kraft, President & CEO of the USS Midway Museum, and RADM (Ret.) Mark Balmert, President & CEO of the San Diego Military Advisory Council (SDMAC), advocate for the passage of California Assembly Bill 46 that would exclude military retirement pay from gross income state income tax purposes. Studies have shown that many veterans leave California for more “military retirement tax friendly” states. Doug Wright, CFO for Mission Fed Credit Union, discusses the potential financial wellness impact that AB46 would have on military retirees.
