|
Police Officers
Firefighters
Teachers and Other Government Employees
Top 10 list of Major Mistakes Will you make one of these?
1. By choosing the spousal option and potentially losing DROP money.
2. Not understanding the Pension Income Alternatives available.
3. Spouses left with little to no pension upon the death of the FRS
employee.
4. Reduced DROP amounts by taking your annual leave at the wrong
time.
5. Paying too much in taxes on your final sick leave/annual leave
payouts.
6. Choosing the highest payout option without the proper amount of
life insurance.
7. Paying a management fee on your 457, 403b, or 401k.
8. Paying taxes and penalties on the investment plan.
9. Investment Plan participants out of money before their funds are
released.
10. Lack of organization and planning for years of retirement.
This list of major mistakes may be avoided when you do your research or have an advisor who is well versed in the FRS or Municipal pension system. CALL ME: at 813-294-3201 for analysis and strategies on the following: - DROP accounts - Term Life insurance
- Permanent Life insurance - Roth IRA's
- Managed/Wrap accounts - Rollover IRA's
- Long Term Care insurance - Investment Plan
- Fixed Annuities - Variable Annuities
- College Funding - Asset Allocation
- Your side business investments
Each of you have unique retirment planning needs that are different from the private sector. Police and Firefighters have another level of benefits because they are in the Special Risk category. I have developed my business to help all of you! When we work together I will help you with: - Deciding which Pension Option to choose.
- Analysis to determine if your DROP plan is the right choice.
- For married couples, analysis on the Pension Income Alternative.
- For FRS employees, education on when the Investment Plan is the right choice.
My goal for you is to help you make fact based decisions so that you can enjoy the lifestyle that you choose for retirement. For Pre-Retirement Planning I help provide clients with information so they can plan early and understand how their retirement benefits, including their personal 457, 403b, or 401k plans, integrate into their retirement package.
The consultations are complementary. I encourage you to get advice from multiple sources, check out their credentials and ask them in-depth questions about their understanding of your retirement plan. These should be some of the best days of your life. Do not use a convenient advisor; use the best advisor for your situation because you only have one chance to get this right. During the design process for your retirement we will implement strategies using the appropriate products and choose from the available companies who have the right products for your situation. Let's work together to create a sound financial future for your years of Retirement. Feel free to explore my website! Sincerely, Jody Clayton, CFP®, CLU®, ChFC® The financial analysis and recommendations are not intended to replace the need for independent tax, accounting, or legal review. Individuals are advised to seek the counsel of such licensed professionals.
|
