Retirement is a significant life milestone, especially for federal employees who have dedicated years, if not decades, of public service. As retirement approaches, it’s essential to make well-informed financial decisions to ensure a comfortable and secure future. While some federal employees may feel confident managing their retirement accounts on their own, there are several compelling reasons to consider working with a financial advisor such as Benchmark Financial Group. Below are some key advantages for a federal employee to consider when contemplating retirement planning and working with a financial advisor.
Experience with Federal Employee Retirement Benefits
Not all financial advisors have specialized knowledge of the federal retirement system. One of the most significant advantages of partnering with Benchmark Financial Group is that they are federal-focused financial professionals having knowledge of federal employee retirement benefits. Federal retirement plans, such as the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS), have complex rules and regulations. A financial advisor who specializes in working with federal employees will have a deep understanding of these plans, ensuring that you make informed decisions about when to retire, how to maximize your benefits, and which annuity options are most suitable for your unique situation to help you reach your financial goals.
Coordinating Your Retirement Benefits Successfully
Benchmark Financial Group professionals play a pivotal role in ensuring the successful coordination of your retirement benefits by providing comprehensive guidance and support throughout the entire process. From the very beginning, we’ll assist you in crafting a well-thought-out retirement plan. We’ll implement strategies to manage your primary income sources, including your pension, TSP, and Social Security. We’ll also help you navigate survivor benefits, Federal Employees’ Group Life Insurance (FEGLI), and the Federal Employee Health Benefits (FEHB) program. But we don’t stop once the initial plan is created. As your partner in retirement, we’ll continue to refine and adjust as necessary, ensuring your retirement evolves and is adjusted for any of life’s challenges. In addition, if you are married, we will help manage spousal benefits, acknowledging the importance of considering you and your spouse’s financial well-being in this new phase of life.
Implementing the Investment Plan
Investing plays a crucial role in building and preserving your retirement nest egg. A financial advisor can help you build a diversified investment portfolio that balances risk and return according to your goals and risk tolerance. Benchmark Financial Group advisors can provide guidance on asset allocation, selecting appropriate investment vehicles, and adjusting, as needed, to stay on track. Our expertise can help you make informed investment decisions, potentially increasing your retirement savings over time. Additionally, as you age, you will have a reliable partner to help you navigate your options throughout your retirement.
Dedicated Resource and Accountability
Retirement planning can be overwhelming, and the financial decisions you make can have a significant impact on your future. When you work with Benchmark Financial Group advisors, you gain a dedicated resource who can offer support, guidance, and accountability. We can help you stay on track with your retirement goals, adjust your strategy as life circumstances change, and provide peace of mind, knowing that your financial future is in capable hands. Our goal at Benchmark Financial Group is to offer that guidance with the goal of maximizing your income in retirement.
Retirement planning for federal employees is a complex process that requires careful consideration of federal retirement benefits, investment strategies, tax implications, and individual financial goals. While some individuals may attempt to navigate this journey on their own, working with a financial advisor who specializes in federal employee retirement planning offers numerous benefits. From expert knowledge and tailored planning to investment management, tax-efficient strategies, and emotional support, a fed-focused financial advisor can help federal employees approach retirement with confidence and financial security. When it comes to securing your financial future, a federal focused financial advisor can be an invaluable ally on the path to a comfortable and stress-free retirement.
Looking for assistance in navigating the retirement experience? We can help!
If you are looking for a guide through the retirement process and to put together a financial plan, Benchmark Financial Group can help. It all starts with gathering your information, discussing your goals, and preparing a plan so that we may help you maximize your income in retirement. With the right strategy, you may get your income equal to or exceed your pre-retirement net income. To get started, schedule an appointment today with Benchmark Financial Group by filling out the form online or calling David Raetz at 913-534-8256 to discuss your financial needs. Benchmark Financial Group is happy to help you navigate your options and determine the best path to move toward your financial goals.
*Securities and Advisory Services Offered Through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. Benchmark Financial Group, LLC and CreativeOne Securities, LLC are not affiliated.
9300 W. 110th Street, Ste 160
Overland Park, KS 66210