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Federal & Postal Employees
Are you approaching, getting ready to, recently or currently retired? Anyone within 5 years of retirement should take the time to meet with a Federal Benefits Consultant to begin not only planning your retirement but clearly understand and update benefit status, costs, necessity, and value. Younger Federal Employees should also understand the cost vs value of each federal benefit as early as possible. |
If you value maximizing your retirement please pay attention!
Delaying this exercise, relying on work colleagues, management or even your well-meaning friends/family to guide you may not be your best options to make financial and retirement decisions. Many of your decisions are irrevocable so proper information/education is necessary. For those individuals who wish to maximize their federal benefits as early as possible, this is the time to act.
As an Investment Advisor Representative and Federal Benefits Consultant, Joe will prepare a complimentary, confidential and customized Federal Employee Retirement Benefits Report along with a review of the spouse's/partner's financial position.
Joe Valenzuela is a Federal Benefits Consultant and has his U.S. GSA (Government Services Administration) CAGE (Commercial and Government Acgency) Code accreditation. This allows him to host federal workshops and events on federal property.
IMPORTANT: Federal Employees now have the benefit of adding a risk management tool to their Thrift Savings Plan. The TSP Optimizer is a simple, online tool designed to assist employees with the management of their Thrift Savings Plan. By helping the employee to properlty allocate his/her account, the system uses their risk tolerance and long-term goals to generate a personalized portfolio and will recommend changes to manage their investment strategy based on market fluctuations. Call my office to discuss.
Look below and see how both your Federal and Family Benefits Topics will be covered, discussed and reviewed in depths for you!
- Are you maximizing your retirement benefits.? This could cost you thousands of dollars. Incorrect selections not only could cost you thousands of dollars but also your spouse's eligibility for health insurance benefits. You have every right to maximize all of your benefits.
- How you manage your TSP during your working years and up to retirement age is important. Are you aware of the market risk, volatility and the impacts of taxes, inflation, and fees on your money? How you allocate among funds can impact your retirement depending on risk and upside of the market. Can you financially tolerate market risk on your money over time based on your age and years to retirement? How often do you review your statements? What about providing/creating principal protection for some or part of your retirement savings?
- If you are over the age of 59 1/2, you are eligible to address alternative retirement options for your TSP while still employed. Look at ways to add principal protection and risk managed solutions for your TSP.
- Your Annuity Pension Selection is another important topic to discuss. What is the best way to maximize that income and understand how best to accomplish this goal?
- FEGLI costs rise significantly as you age. Are you aware of the rising costs of your Federal Employee Group Life Insurance and how that will impact you when you retire, especially from ages 44-70 (2000% higher)? Making better choices sooner in your career can save you thousands of dollars. Various alternative options are available including a guaranteed term offering till age 100!
- What is the maximum you should be spending in retirement to protect your investments properly?
- Federal Employees lack disability protection having to use their sick and vacation leave and even dipping into their TSP to cover lost wages during an unforeseen short term issue, such as pregnancy, an accident, or sickness. You now have a Disability offering specifically designed for Federal Employees.
- Long Term Care costs have risen significantly with Federal Employee Long Term Care. Review this offering to find alternative benefits to serve your long term care needs.
- Social Security is part of your retirement. How soon should one commence receiving a benefit? Find out how, when and why to help maximize your Social Security benefits. Do you understand spousal and widow's benefits and how they may be effectively managed?
Delaying this exercise, relying on work colleagues, management or even your well-meaning friends/family to guide you may not be your best options to make financial and retirement decisions. Many of your decisions are irrevocable so proper information/education is necessary. For those individuals who wish to maximize their federal benefits as early as possible, this is the time to act.
As an Investment Advisor Representative and Federal Benefits Consultant, Joe will prepare a complimentary, confidential and customized Federal Employee Retirement Benefits Report along with a review of the spouse's/partner's financial position.
Joe Valenzuela is a Federal Benefits Consultant and has his U.S. GSA (Government Services Administration) CAGE (Commercial and Government Acgency) Code accreditation. This allows him to host federal workshops and events on federal property.
IMPORTANT: Federal Employees now have the benefit of adding a risk management tool to their Thrift Savings Plan. The TSP Optimizer is a simple, online tool designed to assist employees with the management of their Thrift Savings Plan. By helping the employee to properlty allocate his/her account, the system uses their risk tolerance and long-term goals to generate a personalized portfolio and will recommend changes to manage their investment strategy based on market fluctuations. Call my office to discuss.
Look below and see how both your Federal and Family Benefits Topics will be covered, discussed and reviewed in depths for you!
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Federal Benefits Topics Covered
CSRS, FERS, FERS Transfees & CSRS OFFSET, Pension Calculation, Survivor Pension Options, Review of FEGLI and valuable available Options, Thrift Savings Plan, FERS Supplement, Mandatory Retirement (ATC/LEO), Social Security, Federal Group Long Term Care, Fed Employee Health Benefits (FEHB), Disability, and Federal Taxes.
Family Financial Topics Covered
Review of Spouse/Partner Benefits, Group Life Insurance, Pension, ESOP, 401-k, 403-B, SEP, IRAs, Roth IRA, Mortgage Review, Debt Review, Personal Life Insurance Policies, Investment Accounts, College Planning for Children, Budgetary Planning, Emergency Funds, Long Term Care, Indexed Annuities, and Living Trusts. |
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Federal Benefits Summary and Financial Analysis
Be prepared for your retirement before you reach your retirement eligibility. Meet with Joe Valenzuela privately and have your federal benefits and family financial analysis prepared for you, complimentary. The Federal Benefits Summary/Gap Report will address each of these benefits and help you maximize them for your individual situation: Pension Benefits: What will you pension benefits be at your Minimum Retirement Age (MRA)? How much wil it benefit one to work beyond that age? Know your numbers Survivor Benefits: How much can you provide for your spouse as a beneficiary to your pension and what is the cost? Heath Insurance: How do you insure your spouse will have health insurance into retirement? How much does it cost, after retirement? Federal Employee Life Insurance (FEGLI): What is the cost of FEGLI during your working years, as you get older and will it change when you retire? Are there other options for you to address with regards to FEGLI? Thrift Savings Plan: Are you maximizing the benefits of your TSP? What funds are you owning and why? How do you risk manage your TSP? Are you aware of Age-Eligible benefits before your retire? Do NOT ignore your TSP or simply place your account into the G-Fund because you do not want to lose money during recession periods. This is one of your three retirement benefits, so understand how to better manage it. Social Security: What is the best age to commence receiving your social security? For married couples, should both turn on social security benefits at full retirement age? Should one turn on social security early, i.e. age 62? We can provide a customized social security report addressing various scenarios regarding how to maximize these benefits, on a complimentary basis. Pension Maximization: Younger Federal Employees can benefit from addressing cost vs benefit on the expected Federal Pension. Understanding the long-term costs for paying for survivor benefits in retirement years, along with the benefit received should be reviewed. Spousal Benefits: Combining/including spousal income and employer benefits as part of the financial analysis is key! Spouse's employer benefits may include health insurance, retirement plan, pension plan, life insurance, etc. These benefits are reviewed and address to maximize the family's financial position. Financial Analysis: Preparing a budgetary/expense/obligations/debt balance sheet is the first step. In order to properly maximize both the federal employee and spouse's benefit, a detailed review and financial data gathering of the family's obligations must be prepared. This becomes the family's balance sheet. Total income from benefits, salary, investments, and savings must be balanced with the family's expenses/budget. Without this total review, the family's financial planning is incomplete. Contact my office to request your COMPLIMENTARY Federal Employee Retirement Benefits Summary and Financial Analysis Report today! |
