Legacy planning | Retirement Planning | State Employees Plan Education | Small Business Optimazation
Legacy Planning...
1. The road to financial security and stability begins with assessing current needs and trends. Here we start with a Wealth Checkup - TakeOFFChallenge – #30daytakeoffchallenge
Retirement Planning...
Take a deep look at where you are today in order to plan for tomorrow. Start with a FREE Financial Needs Estate Planning. Growth & Protection. Click image below to print.
State Employees Plan Education...
When preparing for your future knowing how your state pension works is critical so you know when you could retire, how much you could receive and most importantly what you may need to save on your own to have the retirement of your dreams. The following will help you understand how your benefits are calculated as of today, you need to be aware that the system may change the rules in the future. Studies have shown that since 2005 teacher pension benefits have declined by $100,000 on average,1 so you need to watch for changes and adjust accordingly.
How Standard Pension Benefits are Calculated:
1. Determine your years of creditable service (YOS)
2. Multiply by 1.82%
3. Multiply by final average salary
4. Divide by 12 to get monthly payment
Example Age: 55 |
Years of service: 30
Final average salary: $56,000 Calculation YOS: 30 x 1.82% = 55% payout factor 55% x $56,000 = $30,800 $30,800 / 12 = $2,566 per month Your Worksheet YOS: x 1.82% = payout factor % x $ Final Avg. Salary = $ $ / 12 = $ per month This is a reduction of 45% of what is being earned today!
Understanding Your State Retirement { ADD YOUR STATE HERE} STATE EMPLOYEES RETIREMENT SYSTEM
Small Business Optimization...
Business Benefits - Personal Pension Plans, Protection with Life insurance, Health products and more!
Empowering employees through education is a power resource for strengthening confidence in an employer that provides an ROI of retention. Schedule a FREE overview today