10 MISTAKES FEDERAL EMPLOYEES MAKE BEFORE AND AFTER RETIREMENT
Table of Contents 4 Top 10 Retirement Mistakes Made by Federal Employees 5 Investing Too Aggressively as Retirement Approaches 7 Not Reading Office of Personnel Management’s (OPM) Information and Statements 8 Ignoring Changing Insurance Coverage Needs 9 Choosing the Wrong Healthcare Coverage Options 11 Only Covering One Life with Retirement Income Stream(s) 12 Ignoring the Impact of Taxes on Net Spendable Retirement Income 19 Not Updating Beneficiary Forms 20 Moving Before Investing or Researching the Area 21 Not Setting Up One or More Streams of Guaranteed Lifetime Income 23 Not Working with a Financial Advisor Who is Knowledgeable About Federal Benefits 25 Is Your Retirement Plan on Track?
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 3 The decisions you make both before and during retirement could change the course of your financial wellbeing and your future lifestyle—and no decision is “too small” to matter or make a difference. In chaos theory, the “butterfly effect” is defined as “the dependence on initial conditions in which a small change in one state could result in large differences in the future.” While initial studies focused a lot on weatherrelated issues, the butterfly effect can be linked to many other instances, including financial and retirement planning. With that in mind, it is essential to carefully think through any financial-related decisions you make—both large and small—before and after you retire, and avoid mistakes as you move forward. Otherwise, the results you ultimately receive could be far different from what you anticipated.
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 4 While there isn’t just one single retirement income solution for all federal employees and retirees across the board, there are some common mistakes that many people make both during retirement and when approaching that time in their lives. These critical mistakes can include the following: 1. Investing too aggressively as retirement approaches 2. Not reading Office of Personnel Management’s (OPM) information and statements 3. Ignoring changing insurance coverage needs 4. Choosing the wrong healthcare coverage options 5. Only covering one life with retirement income stream(s) 6. Ignoring the impact of taxes on net spendable retirement income 7. Not updating beneficiary forms 8. Moving before investigating or researching the area 9. Not setting up one or more streams of guaranteed lifetime income 10. Not working with a financial advisor who is knowledgeable about federal benefits Top 10 Retirement Mistakes Made by Federal Employees Control Your Federal Retirement Journey OR CALL 1-888-919-3252 LEARN MORE
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 5 1 While many investors want their money to grow over time, if you invest too aggressively, you can also increase your risk of loss—a situation that could be dangerous to your financial wellbeing the closer your move towards retirement. One reason for this is that there is little time to try and “make up” for those losses. In addition, the more value your investments lose, the more return it will require just to get back to even. And even then, there are no guarantees that you’ll ever recoup what you lost. As an example, if you place $10,000 into an investment, and it loses 50% of its value in Year 1, the value of the investment will become $5,000. If in Year 2 the investment attains a positive return of 50%, it will then be valued at $7,500—not the original $10,000. In this case, it will require a 100% return just to recoup the 50% loss. If the value of an investment in any given year loses more than 50%, it will require more than 100% return in the following year to just get back to even. Is this really a chance you want to take with your retirement funds? Investing Too Aggressively as Retirement Approaches The Larger the Loss, the More It Takes to Get Back to Even If you lose: You need (to get back to even): 10% 11.1% 25% 33.3% 50% 100% 60% 150% 80% 400% 100% Bankrupt
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 6 To reduce the risk of loss, some investors may turn to “safe money” investments, like certificates of deposit (CDs) and bonds. But this could be dangerous to your financial future, as well, because the pitifully low-interest rates being offered now (and likely well into the future) are not apt to meet, much less beat, future inflation. With that in mind, going this route can be dangerous to your future purchasing power, especially when you factor in inflation. So, what is the answer to attaining higher growth—without having to gamble with your savings—while at the same time keeping your principal safe? One option could be a fixed indexed annuity (FIA). In fact, a fixed indexed annuity can offer you the potential for market-linked growth and principal protection in any type of market and a guaranteed lifetime income stream in retirement.
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 7 Not Reading Office of Personnel Management’s (OPM) Information and Statements Another mistake that federal employees and retirees often make is not reading the information and statements received from the Office of Personnel Management (OPM). There are usually at least some changes every year with the health, long-term care, life insurance, dental, and/or vision benefit offerings. So, it is a good idea to become familiar with these and whether or not these changes should warrant you making any updates to your plan. Likewise, if there is a change in your life—such as marriage, divorce, birth or child adoption—you’ll need to factor this into your overall coverage plan— especially if your spouse or former spouse had benefits of their own from their employer. Similarly, if you marry (or remarry) after you have retired from federal service, you only have up to two years to elect a survivor benefit for your spouse. Upon your passing, your survivor will not be allowed to continue your federal health insurance benefits unless you have elected to provide a survivor benefit for them. So, by neglecting to do so, you could leave a loved one in a difficult financial position in the future. While some of the information you receive from the OPM is general, this physical or online mail often contains essential details specific to your account(s). Therefore, ignoring OPM information could prevent you from taking part in newly offered options or even cause you to lose your benefits altogether. In addition to reading the materials you receive, you can also check the status of your federal benefits online by using OPM’s website. In some cases, you can also make changes or updates to your federal benefits, which can be much easier, faster, and more convenient than by mail or over the phone. Maximize Your Federal Retirement 1-888-919-3252 LEARN MORE 2
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 8 As you move closer to retirement, your insurance coverage needs may change. In some cases, you could require more protection, such as for rising healthcare costs and the potential need for long-term care services, and in other instances, less. So, why pay a higher premium for coverage that you don’t need? In addition, once you retire, the cost of your insurance coverage may increase. For example, the Federal Employees’ Group Life Insurance (FEGLI) program Options A, B, and C increase in monthly premiums by nearly 50% at ages 55 and 60. Therefore, it is recommended that you reassess all of your possible insurance needs regularly, and then make any adjustments accordingly. It can help if you work with a financial advisor who is familiar with the benefits that are offered to federal employees and retirees. That way, you can better coordinate these benefits with any personal insurance policies that you also have in force. Ignoring Changing Insurance Coverage Needs 3
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 9 On top of simply having healthcare coverage, it is also important to ensure you have the RIGHT option(s). According to a recent study, an average 65-year-old couple who retires in the U.S. in 2021 can expect to pay roughly $300,000 in out-of-pocket health and medical costs throughout the remainder of their lifetime, and this does not include the cost of a potential long-term care need (which has the ability to quickly diminish assets within a short period of time). It is important to keep in mind that the “cost” of your healthcare coverage does not just stop with the premium payment. However, there are other potential costs as well, such as deductibles, coinsurance, or copayments. So this, too, needs to be included when you are determining your total cost of healthcare going forward. Further, having an understanding of what is and is not covered under federal insurance coverage like Medicare can be beneficial. That way, you can better plan ahead for what you might need. Choosing the Wrong Healthcare Coverage Options Monthly Median Long-Term Care Costs in the U.S. (in 2020) Who is the best federal retirement expert? You are! 1-888-919-3252 LEARN MORE In-Home Care Community and Assisted Living Nursing Home Facility Homemaker Services: $4,481 Adult Day Care: $1,603 Semi-Private Room: $7,756 Home Health Aide: $4,576 Assisted Living Facility: $4,300 Private Room: $8,821 Source: Genworth 2020 Cost of Care Survey 4
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 10 For instance, many people are not aware that Medicare pays very little for long-term care needs. And, even if you meet the strict qualification criteria, you might still incur a significant expense. If you require care in a skilled nursing home facility and you qualify for Medicare’s coverage, you could still have to pay nearly $15,000 out-of-pocket in just the first 100 days. Your Out-of-Pocket Costs for Skilled Nursing Home Care with Medicare Coverage (in 2021) Day(s) You Pay 1 – 20 $0 21 – 100 $185.50 per day coinsurance 101 and beyond All costs Source: Medicare.gov $185.50 X 80 days = $14.840 coinsurance for days 20 through 100 (in 2021)
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 11 In order to receive a higher dollar amount of income benefit, many people choose the single life option on annuities and retirement plan payouts. But there is often a tradeoff in that when the benefic recipient dies, their surviving spouse may lose that income stream. With that in mind, if you want to ensure that your surviving spouse continues to benefit from the TSP (Thrift Savings Plan) and other FERS (Federal Employees Retirement System) programs, make sure that you choose the proper option(s). Otherwise, they may have to change their lifestyle upon your passing drastically. Similarly, if you and your spouse are both receiving Social Security retirement income benefits, one of these income streams will be lost at the death of the first spouse. This will also impact the amount of household income the surviving spouse receives going forward. As an example, John receives $2,000 per month from Social Security. His wife Lynn receives a spousal benefit in the amount of $1,000 (which is 50% of John’s amount). This gives the couple a total of $3,000 per month coming in from Social Security. When one of the spouses dies, the lower-income benefit is lost. So, in this case, regardless of whether the survivor is John or Lynn, the $1,000 income stream from Social Security will disappear, leaving the surviving spouse with just $2,000 per month in Social Security income benefits. Only Covering One Life with Retirement Income Stream(s)5
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 12 In addition to generating enough retirement income from sources like employer-sponsored plans (such as TSP and the FERS basic benefit annuity), as well as Social Security and personal savings, it is also important to factor in the impact that taxes could make. Taxation can significantly affect the actual net spendable income you’ll have available for purchasing the items and services you need in retirement. In 2021, the top federal income tax rate was 37%. To some investors and retirees, this figure might seem high. But it is actually quite low in comparison to what it has been throughout the years. Historically, this rate has been as high as 94%, and in 49 of the past 108 years (between 1913 and 2021), the top federal income tax rate has been at 70% or more. So, with the likelihood of tax rates going up in the future, you must prepare for this by taking advantage of tax-advantaged alternatives like the Roth IRA. Ignoring the Impact of Taxes on Net Spendable Retirement Income 6
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 13 Top Federal Income Tax Rates 1913 – 2021 Year Rate Year Rate 2018-2021 37 1950 84.36 2013-2017 39.6 1948-1949 82.13 2003-2012 35 1946-1947 86.45 2002 38.6 1944-1945 94 2001 39.1 1942-1943 88 1993-2000 39.6 1941 81 1991-1992 31 1940 81.1 1988-1990 28 1936-1939 79 1987 38.5 1932-1935 63 1982-1986 50 1930-1931 25 1981 69.125 1929 24 1971-1980 70 1925-1928 25 1970 71.75 1924 46 1969 77 1923 43.5 1968 75.25 1922 58 1965-1967 70 1919-1921 73 1964 77 1918 77 1954-1963 91 1917 67 1952-1953 92 1916 15 1951 91 1913-1915 7 Source: Inside Gov Who is the best federal retirement expert? You are! OR CALL 1-888-919-3252 LEARN MORE
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 14 The amount of income tax that you owe on your retirement income and withdrawals is determined by several different factors. These can include the following: • The amount of income you generate • Where the income comes from • How you file your annual income tax return (such as individual, married filing jointly, head of household, or married filing separately) For instance, if you contributed money into various savings plans on a pre-tax basis, and the gains in the account(s) were also tax-deferred, then none of this income has been subject to income tax yet. Therefore, 100% of the withdrawals from these plans will be taxable. Generally, the following retirement income sources will be taxed to some extent: • Defined benefit pension income • Tax-deferred investments [such as traditional IRAs, traditional 401(k) plans, traditional 403(b) plans, Thrift Savings Plan (TSP) funds, Basic Annuity income] • Gains/profits from personal savings and investments • Income from a personal annuity (in this case, the portion of the income that represents any gain will be taxable, and the portion that represents a return of your principal will be tax-free) • Income from a qualified annuity (often, funds from a traditional IRA or employer-sponsored retirement plan will be rolled into an annuity. If none of these funds have been subject to tax yet, then 100% of the withdrawals will be taxable as ordinary income at the then-current rates)
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 15 Some of your Social Security retirement income could also be taxable. This is typically the case if you have other “substantial” income coming in, such as wages from a part- or full-time job, dividends or interest from investments, or other funds that need to be reported on your annual tax return, in addition to your Social Security retirement benefits, and you have filed for these benefits before your full retirement age (FRA). Federal Retirees! You Deserve More! 1-888-919-3252 LEARN MORE Social Security Full Retirement Age Year of Birth Minimum Retirement Age for Full Benefits 1937 or Before 65 1938 65 + 2 months 1939 65 + 4 months 1940 65 + 6 months 1941 65 + 8 months 1942 65 + 10 months 1943 to 1954 66 1955 66 + 2 months 1956 66 + 4 months 1957 66 + 6 months 1958 66 + 8 months 1959 66 + 10 months 1960 or Later 67 Source: Social Security Administration
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 16 Social Security uses a figure referred to as your “combined income” to determine how much of your benefits will be taxable (if any). Your combined income is determined by taking your adjusted gross income and then adding any non-taxable interest and one-half of your Social Security benefits. As an example, in 2021, if you filed your federal income tax return as an individual, and your combined income was: • Between $25,000 and $34,000, you may have had to pay income tax on up to 50% of your benefits • More than $34,000, then up to 85% of your Social Security benefits may have been subject to federal income tax If you instead filed a joint income tax return, and you and your spouse had combined income that was: • Between $32,000 and $44,000, you may have incurred federal income tax on up to 50% of your Social Security retirement benefits • More than $44,000, then up to 85% of your benefits could have been taxable The rate of income tax that is due on your retirement income will depend on the amount of income that you earn, as well as how you file your federal income tax return (such as individual, head of household, married filing jointly, qualifying widow, or married filing separately). Adjusted Gross Income + Non-taxable Interest + ½ of your Social Security benefits = Combined Income Maximize Your Federal Retirement OR CALL 1-888-919-3252 LEARN MORE
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 17 2021 Income Tax Brackets and Rates Rate Unmarried Individuals Married Individuals Filing Jointly Head of Household 10% Up to $9,950 Up to $19,900 Up to $14,200 12% $9,951 to $40,525 $19,901 to $81,050 $14,201 to $54,200 22% $40,526 to $86,375 $81,051 to $172,750 $54,201 to $86,350 24% $86,376 to $164,925 $172,751 to $329,850 $86,351 to $164,900 32% $164,926 to $209,425 $329,851 to $418,850 $64,901 to $209,400 35% $209,426 to $523,600 $418,851 to $628,300 $209,401 to $523,600 37% Over $523,600 Over $628,300 Over $523,600 Source: Internal Revenue Service
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 18 Short-term capital gains tax rates on most assets that are held for less than one year correspond to ordinary income tax rates. However, long-term capital gains tax rates, which apply to assets that had been held for more than one year, depend on the amount of income you earn in a given year and how you file your federal annual income tax return. In addition to federal income tax, you could also be subject to state income taxes. Only the states of Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming levy no personal income tax (in 2020). Two other states, namely New Hampshire and Tennessee, do not tax wages (but they do tax investment income and interest). Long-Term Capital Gains Tax Rates (in 2021) Tax Rate Single Head of Household Married Filing Jointly Married Filing Separately 0% $0 - $40,000 $0 - $54,100 $0 - $80,000 $0 - $40,000 15% $40,001 - $445,850 $54,101 - $473,750 $80,001 - $501,600 $40,001 - $250,800 20% $445,851 or more $473,751 or more $501,601 or more $250,801 or more Source: Internal Revenue Service There are 12 states that tax Social Security benefits (in 2020). So, it is important to also keep this in mind if you are planning to relocate after you retire. These states are: • Connecticut • Kansas • Minnesota • Missouri • Montana • Nebraska Federal Retirement Made Easy! 1-888-919-3252 LEARN MORE • New Mexico • North Dakota • Rhode Island • Utah • Vermont • West Virginia
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 19 Making sure that all of your beneficiary forms are up to date is also an essential component of your financial planning both before and during retirement. It can be a big mistake to let this go unreviewed, especially for a long period. One reason for this is that in the event of a major life change, such as marriage or divorce, the person you have listed to receive funds may not necessarily still be your first choice. If there is no beneficiary named, some of your federal benefits, such as the Thrift Savings Plan (TSP), may be distributed according to the following order or precedence that is required by law: 1. To the participant’s spouse 2. If the TSP participant has no spouse, then the funds from the account will go to his or her child or children equally, with the share due to any deceased child being divided equally among that child’s descendants 3. If there are no spouse or children, the funds from the TPS account will be disbursed to the participant’s parents equally, or to a surviving parent 4. If there are none of the above, then the TSP funds will be disbursed to the appointed executor or administrator of the decedent’s estate 5. If there is no executor or administrator, the funds from the Thrift Savings Plan account will go to the participant’s next of kin who is entitled under the decedent’s estate via the laws of the state in which the TSP participant resided at the time of his or her death. Because the individual(s) who would receive money in this manner may not be who you truly want to have the funds, it is recommended that you review your beneficiary designations at least once per year, or even more often if a significant life change has taken place. Not Updating Beneficiary Forms 7
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 20 Moving Before Investing or Researching the Area Many people intend to move to a new location after retiring. Typically, warmer climates found in Florida and Arizona have been at the top of retirees’ lists for decades. Although, with longer life expectancy and retirees being more active in retirement, other areas have become popular over the years. In any case, before you commit to moving to a different city or state, make sure that you do an ample amount of research. Otherwise, you may end up regretting your decision, and this, in turn, could require an expensive fix. Some of the key factors to consider should include: Many retirement experts recommend that you rent your housing for at least one year before you make a commitment to purchasing a home or condo. That way, you can see what life is like in the new location other than just seeing it as a temporary visitor or vacationer. • Cost of living • Culture • Quality and convenience of obtaining healthcare • Climate/weather • Proximity to family and friends • Taxes (including income tax, sales tax on purchases, and personal property taxes) 8
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 21 Not Setting Up One or More Streams of Guaranteed Lifetime Income Knowing that you can count on a specific amount of income to arrive on a regular basis can mean the difference between a worry-free and enjoyable retirement or a time in your life that is filled with concern, especially if the stock market or interest rates fall. With that in mind, a successful retirement requires that you have enough guaranteed lifetime income to last for the remainder of your life without having to worry about it running out. With the near disappearance of defined benefit pension plans, more retirees are turning to annuities today for a reliable stream of guaranteed lifetime income in retirement. That’s because these are the only financial vehicles that can guarantee an income stream for life. Annuities can continue to pay income for a set period of time, such as 10 or 20 years, or even for the remainder of your life, no matter how long that is. This can alleviate one of the biggest concerns on the minds of retirees— running out of money when they need it in the future. Depending on the annuity, there could be other benefits, such as: Death Benefit Many annuities include a death benefit that is paid out to a named beneficiary in the event that the income recipient (i.e., the annuitant) dies before they have received back all of their contributions. Liquidity Most annuities will allow you to withdraw up to 10% of the account value, even during the surrender charge period. Penalty-free Access to Funds If you are diagnosed with a terminal illness or you must reside in a nursing home for at least a certain period of time(usually 90 days or more), some annuities will allow you to use some, or even all, of the funds in the account without incurring a surrender charge. Tax-deferred Growth The funds inside of an annuity are able to grow taxdeferred. This means that you won’t have to pay tax each year on the gains (taxes are instead taken at the time of withdrawal). Navigate Your Federal Retirement 1-888-919-3252 LEARN MORE 9
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 22 Some annuities allow you to further “customize” your contract to more closely fit your specific needs. For example, an income rider may be added that offers additional guarantees, ensures a specific amount of future income (without the need to annuitize your contract), or protects the annuity from changes in the market. Because annuities are insurance products, they can provide guarantees that are not feasible to get from any other type of financial vehicle, no matter what happens in the stock market or even in the overall economy. Regardless of how well you’ve invested during your working years or how much your money has grown, converting assets into income takes some careful planning, and that can require working with an advisor who is a retirement income specialist. Many investors focus on growing assets over time without considering that these funds will one day have to be turned into an income stream and there are a myriad of financial advisors who are adept at helping their clients to grow and protect assets. But when the time comes to turn those dollars into income, they may not be the best person (or firm) to obtain advice from. An annuity specialist can walk you through your potential options based on your specific needs and objectives. They can also let you know what you can expect from the annuity in both the short- and long-term time frame. That way, you won’t have any unexpected surprises down the road.
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 23 Not Working with a Financial Advisor Who is Knowledgeable About Federal Benefits In addition to working with an advisor who is well-versed in retirement income planning, it can be even more beneficial for federal employees and retirees to seek the advice of a financial professional who is also knowledgeable about the federal benefits programs like the Federal Employees’ Retirement System (FERS) and the Civil Service Retirement System (CSRS). Unlike purchasing a new pair of shoes or trying out a new restaurant, neither of which may turn out to your liking, choosing the right financial advisor should not be done randomly. Rather, you really need to spend some time reviewing several potential possibilities before you give anyone the green light. In order to help you determine whether or not a financial advisor is right for you, there are several questions that you should ask them, including: • Who is your ideal client? Because many financial and retirement income advisors focus on a particular segment of the marketplace, it is important to know who their ideal client would be. Try to locate an advisor who works primarily with retirees or pre-retirees, and ideally one who also works with federal employees or retirees. That way, you can better ensure that the advisor(s) can help you properly coordinate all of your savings, investments, insurance coverage, and retirement income generators. • How are you compensated? Advisor compensation can be a key motivator in what an insurance or financial advisor recommends for you. For instance, if the advisor is paid via commission, they may be more apt to suggest products that will earn them more money. • Are you captive or independent? Captive advisors work for one company and are limited to selling only the products that their insurance carrier or brokerage has available on their “shelves,” whereas an independent advisor has the ability to go out into the marketplace and find the financial tools that will best fit your specific objectives. A captive advisor may also be more likely to offer you what is available versus what will really help you reach your goals. 10
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 24 • How long have you worked in a financial advisory capacity? Although everyone has to start somewhere, you will likely be better off working with an advisor who has experience and who may be more adept at guiding you through both good and bad market environments. • What licenses do you have? Most insurance and financial advisors are required to obtain specific licenses before they can offer any products. So, if an individual only has an insurance license, they will only be able to suggest insurance-related products. Likewise, a stockbroker who only has a securities license won’t likely provide you with insurance products that could help to protect you, your loved ones, and your financial security in case of the unexpected. • What, if any, professional designations do you possess? Many advisors attain one or more industry professional designations, such as the Certified Financial Planner (CFP ) and/or the Retirement Income Certified Professional (RICP). This not only helps the advisor to learn more in-depth details about particular areas of planning, but it can also be an indicator that they are serious about the business versus just treating it like a “job.” • Are you a fiduciary? Fiduciaries work on behalf of others to manage assets and are trusted to act ethically, legally, and in their clients’ best interests. From a financial planning perspective, this means only recommending products suitable for a client, even if that means forgoing a “sale” and recommending that the client work with someone who can more closely help them meet their objectives. Being a fiduciary is deemed as the highest legal duty of one party to another. • Do you specialize in any particular area of financial planning? Similar to medical professionals, a “jack of all trades” may be able to help you in some capacity, but when it comes to specific needs like securing an ongoing income in retirement, it is typically best to go with someone who has a key focus in that area of the industry. • Is it ok to contact some of your current or past customers? If you really want to get an idea of how a financial advisor does their job, it is extremely helpful if you talk directly to some of their current and past clients. This can give you a better feel for how the advisor operates when working with actual investors or retirees. Federal Retirees! You Deserve More! 1-888-919-3252 LEARN MORE
PSRE202210Mistakes [email protected] • psreducators.com • 888-919-3252 25 A good solid retirement plan typically has many moving parts, and these different components could all need updating over time. That’s why, even if you have a plan in place, it is essential that you review it on a regular basis in order to determine whether or not all of the pieces still flow together, and to see if the financial “tools” you are using are still the best ones to help you with reaching your goals. To set up a no-obligation strategy session with a retirement income specialist, please feel free to reach out to us directly either by phone at 888-919-3252 or via email at [email protected] and let us know what date and time is most convenient for you. Is Your Retirement Plan on Track? To set up a no-obligation strategy session with a retirement income specialist, please feel free to reach out to us directly either by phone at 888-919-3252 or via email at [email protected] and let us know what date and time is most convenient for you. Disclosure: Public Sector Retirement Educators, LLC (PSRE) (www.PSREducators.com), is a government contractor (DUNS:080670431, CAGE:7ZEB0, UEID:JBDWEDVYLQJ1) and provides education and training on federal retirement benefits to federal agencies, unions, organizations and individuals. PSRE is not affiliated, endorsed, or sponsored by any government agency. By requesting information or providing your contact information on the attached form, you authorize PSRE to share any information you provide with professional(s) of PSRE’s selection (“Affiliates”), and you are expressly requesting a phone call, email, or text message (Standard data rates may apply). Text STOP to opt-out), from PSRE and these Affiliates. Affiliates are licensed financial professionals who have attested to providing interested federal employees a complimentary, no-obligation, Benefits Review. Should you request an appointment with the Affiliate to discuss financial products, you further acknowledge any products offered are independent of and ancillary to the services provided by PSRE. PSRE is not a broker-dealer, investment advisory firm, an insurance company, or agency and does not provide investment or insurance-related advice or recommendations. By requesting a Benefits Review, you further acknowledge your acceptance of PSRE’s Terms of Service and Privacy Policy (www.psreducators.com/privacy-policy/). To use this form or any of the services performed by PSRE or Affiliates, you agree to hold PSRE and its employees and executives harmless for any action taken or not taken by you as a result of your interpretation of your Benefits Review or your interaction with Affiliates.
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