Broker Check

Federal or State Employees

We have helped Federal and State Employees Organize, Strategize and Increase their Benefits for many years. Many federal and state employees may have both a defined contribution plan, such as a TSP, 457 or 403(b), or a federal or state 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? how will inflation affect you? 2) how much will be taxable in retirement? 3) what will be your total income amount from all sources? 4) what happens if you have to go into a long-term care facility or need care at home? 5) what about pension strategies or life insurance needs to replace income and so many more questions to answer?. 

As an active federal or state employee, don’t let the complexity of your benefits package prevent you from fully benefiting from the options you’ve earned. 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 strategize today to 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 Accounts?

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 should they invest in the TSP before retirement?

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.