TRANSITIONING FROM MILITARY TO CIVILIAN EMPLOYMENT · 2016-09-04 · TRANSITIONING FROM MILITARY TO CIVILIAN EMPLOYMENT ... • DRII Newcomer of the Year ... XYZ Growth Fund . Portfolio

TRANSITIONING FROM MILITARY TO CIVILIAN

EMPLOYMENT

PRESENTED BY MEMBERS OF THE

A.S.I.S. MILITARY LIAISON COUNCIL

September 14, 2016 Orlando, Florida

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 Corp) David Bareno, CPP (U S Navy) Joe McDonald, CPP (U S Marine Corp) Mark Nilsen Hank Nolin, CPP, (U S Army)

HOW DO YOU FIT FIVE MARINES IN THE BACK SEAT OF A VOLKSWAGEN?

Erin Rae Parks, CPP, CBCP Security Manager Sterling Bay Chicago, Il (312) 300-7542 [email protected]

Bio

• Work Experience • 5 Years US Marine Corps • 9 Years experience corporate sector • Data Center and Commercial Real Estate security management

• Certifications and Degrees • Certified Protection Professional (CPP) • Certified Business Continuity Professional (CBCP) • BA Liberal Arts Excelsior College 2009 Cum Laude • Homeland Security Certificate, Excelsior College, 2009

• Awards • Excellence in Security Operations 2016 • DRII Newcomer of the Year – Nominated 2013 • Public/Private Liaison Award – 2010

• Professional Organizations • ASIS International and Chicago Chapter • Member of Military Liaison Council

Marine Corps Years

• Enlisted in the US Marine Corps out of high school

• 5 years in Signals Intelligence field • Maintained the security of a top secret facility to include

meeting NSA and Navy standards for housing and discussing classified materials, and ensuring personnel had the proper need to know.

• Worked in a Signals Intelligence Analyst capacity while in Iraq.

• Achieved rank of Sergeant

Transition

• Took advantage of mandatory and optional transitioning classes offered by the military.

• Used these classes to help with resume writing, interview prep and skill transfer.

• Applied and interviewed for jobs while still on active duty and terminal leave.

• Found new civilian job through networking with former Marine peers.

• Was hired before terminal leave ended.

Corporate World

• First job out of the Marine Corps was Security Manager for a data center. Security management similar to management of a top secret facility in principal but with fewer requirements. Spent 8 years in this position

• Recently transitioned to Security Manager position for Commercial Real Estate developer, tasked with revamping procedures and improving the safety and security protocol for its high rise office buildings.

• Both positions have me working with very few, if any, veterans or people familiar with military life and work.

Challenges /Growing Pains

• Jargon – I still find I use words that civilians do not understand. I have to ask people, if they understand the terms I use, if I notice confusion.

• Work Ethic of Others - Coworkers doing the bare minimum and getting by without getting in trouble.

• Management Style – The management style learned in the military (Marine Corps) does not always translate to the corporate world. Not everyone responds well to our version of discipline.

• People not doing what they are told – it still shocks me that when given a direction, some people either do not do it at all or argue. It’s something that I’ve had to get used to.

David A. Bareno, CPP Corporate Director of Security WESTGATE Resorts Orlando, Fl. U. S. NAVY Reserve Lt. Commander 407-680-8183 [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 Trainer President,

SUN SECURITY, Inc. DeLeon Springs, Florida

(386) 290-8635 [email protected]

US Army, Msg, Ret.

Army times: Initial enlistment from 1975 thru 1979 Remained in US Army Reserve thru 2004 Activations: Admin support ARPECEN 1983-1984 Operation Desert Shield/Desert Storm 1990-1991 Haiti Protection 1994 Operation Enduring Freedom 2003 Retired 2004

Civilian times: Law Enforcement: Small town, Ga College campus, Atlanta Private Security Companies: Pinkerton, Globe, Wells Fargo 1988 formed my own private security company 2000 formed K-9 company

1988 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 uniforms Modernize office operations Refurnish 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 Operations 1999 Client asks for Drug Detection K-9 services Local bank for short term loan $25,000.00 Purchase two drug dogs Training handlers Post 9-11 $50,000.00 Homeland Security Expansion Loan Purchase Bomb Detection dogs Build 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.

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, CSO Chief Security Officer,

SWITCH Las Vegas, Nevada

702-444-4106 [email protected]

What and why we protect Military 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 recruiting First 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 Interview Second Interview • Panel of 4-5 Directors • Simple questions • Requires thought and study to answer

Failures First 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

Considerations as You Near Retirement

MARC A. NILSEN First Vice President – Wealth Management Morgan Stanley

• 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

Why Are We Here Today?

• 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

Time Horizon

Investment Objectives

Liquidity to meet income needs

Income to supplement other

income sources

• 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

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

• 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

Required Minimum Distributions

• 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

• Simplifies management of retirement assets

• Allows performance to be more easily monitored

• Allows withdrawals to be made efficiently

Portfolio Adjustments – Consolidating Accounts

Taxable Brokerage Account

IRA Main 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

• 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

Portfolio Adjustments – Selecting Investments

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 Consider 1. 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

Marc A Nilsen, First Vice President The Everest Group NMLS# 1262266 Morgan Stanley Wealth Management 285 Clyde Morris Boulevard, Suite 100 | Ormond Beach, FL 32174 Direct: +1 386 671-2317 Toll Free: +1 800 824-1391 Fax: +1 386 671-2350 [email protected]

MANY COMPANIES OFFER REDUCED UPFRONT INVESTMENT FOR VETERAN AND DISABLED VETERAN FRANCHISE PURCHASE CHIC-FIL-A DICK’S BBQ MCDONALD’S PET PARADISE FAMOUS FOOTWEAR INCREDIBLE EDIBLES PARTY WORLD AND MANY MORE