Broker Check

Federal or State Employees

We have focused on working with current and retired federal government and state agency employees for many years. Many federal and state employees may have both a defined contribution plan, such as a TSP, 457 or 403(b), and a federal pension. Having these retirement benefits may require financial planning from not only how retirement and non-retirement accounts are managed and invested, but also how to anticipate: 1) how much income will actually be needed, keeping inflation in mind 2) how much will be taxable in retirement. 3) what will be your total income amount from all sources. If you have been one that saved in other outside accounts, it may be a good idea to prepare a financial plan to see how all your assets coordinate and properly align. It may help you make progress towards your financial goals and strategies today and help you feel more confident that you are ready to retire tomorrow.

The Profile*

The Profile*

JOHN AND MARY Age 59 and 58

Occupation: Tinker AFB Engineer

Current Net Worth: $525,000

John is ready to retire and is not sure if he is ready financially. He has worked for Tinker AFB for 39 years. His wife is a homemaker and has not worked in thirty years. They have three children. Two are stable financially and working. The youngest one is disabled.

Their Concerns

Should they pay off their home and credit cards before retirement?

Will they have enough income from their CSRS Pension and TSP and Brokerage Account?

Should they buy additional insurance or take the joint and survivorship pension benefits for his wife?

What can they do to care for their disabled son?

How We Can Help

Advance Financial Lighthouse can develop a plan to help John and Mary have more clarity and feel more confident in their financial decisions. Our resources, guidance and support allow us to help them:

  • Build a model that allows John and Mary to manage their post-retirement cash flows
  • Review and help manage their liabilities
  • Figure out where they stand financially
  • Advise what their income will be during retirement, year by year, and project how long their assets might last based on a given rate of return
  • Establish appropriate investment models based on their unique risk tolerance and time horizon
  • Design and implement an estate plan in coordination with their estate planning attorney and CPA
  • If they do not have an estate planning attorney or CPA, provide an introduction to professionals who can help them meet their family’s unique goals

*These are fictional characters and hypothetical scenarios. Please note that individual situations can vary and some strategies may not be suitable for all investors. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.