Broker Check

Federal Government Career Professionals

We have helped Federal career professionals (GS13 step 7 and above) organize, strategize, understand, and maximize their benefits for many years. Many Federal career professionals may participate in their TSP but may not be maximizing their plan enough for a long-lasting retirement that considers inflation, ongoing medical expenses, and long-term care. 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:

  • What amount of income will be needed in retirement?
  • How will inflation affect you?
  • What amount will be taxable income in retirement?
  • What will be your total income amount from all sources?
  • What happens if you must go into a long-term care facility or need care at home?
  • What about pension strategies or life insurance needs to replace income and so many more questions to answer about your complicated benefits.

As an active Federal career professional, do not let the complexity of your benefits package prevent you from fully benefiting from the options you have earned. It may be a good idea to prepare a financial plan at least five-ten years before you retire to see how all your assets coordinate and properly align. It may help you make progress towards your financial goals and strategize to help you feel more confident that you are ready to retire tomorrow. We help you understand your benefits from a financial planning perspective and help you make the best choices for your personal situation. Take a closer look at what we do and how we help other clients just like you.

The Profile*

The Profile*

JOHN AND MARY, Age 61 and 58

Occupation: Tinker AFB Manager and Program Analyst (GS 14)

Current Net Worth: $525,000

John is wanting to prepare for retirement and wants to become more focused about his financial situation. He is not sure if he is ready financially. He has worked for Tinker AFB for 19 years. He has a military pension and is a disabled veteran. His wife is a homemaker and has not worked in thirty years. They live in a modest home with eight years left to pay on their mortgage. They have three children. Two are stable financially and working. Their youngest child is disabled.

*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.

Their Concerns

Should they pay off their home and credit cards before retirement and can they afford to do so?

Will they have enough income from his Pension, TSP and small brokerage account and military pension to live on?

Should he invest more into his Roth IRA or do a backdoor Roth conversion?

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? 

Should they be investing into a IRA or Roth for Mary? 

He wants to know what age is his optimal time to retire? Or can he retire at age 65?

They are concerned about their investments. They do not understand them and would like to get a better handle on things. They want to know are they investing the way they should?

How should they invest in the TSP before retirement and are they saving enough? 

John and Mary's Goals:

  • Live a long and healthy life
  • Travel within the states once per year
  • Retire at age 65
  • Buy a new car
  • Pay off small amount of credit card debt
  • Live a life free from financial stress
  • Have his disabled child taken care of.

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 and answer their questions and provide advice:

  • Design a Financial Plan based upon their goals, objectives and values. We'll also provide a list of recommendations
  • Review post-retirement cash flows
  • Review and help manage their liabilities
  • Figure out where they stand financially and provide recommendations 
  • Advise what their income will be during retirement, year by year, and project how long their assets might last based upon 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
  • Offer ongoing investment management of their TSP and other investments
  • 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.