Pension Planning Services
While developing a customized Pension Plan, we will walk you through a step-by-step process that will help make you feel confident in your decisions.
Once your goals have been established, we will customize appropriate strategies to achieve your vision and objectives. We can help execute a your Pension Plan by utilizing the following products and services:
- Income Protection
- Life Insurance
- Retirement Savings
Protecting YOUR Income
As a Board of Education employee, if you get sick or injured and have no income, how will you pay your bills? Would you be able to pay your health insurance premiums? At Phifer Financial Services, we offer disablity plans that will protect your salary in case of sickness, injury, accident, and childbirth recovery.
Do YOU Have Enough Life Insurance?
Most financial professionals recommend 8-10x your annual income in life insurance. Educators have 3-5x their annual income in life insurance from the TPAF as a benefit.
Phifer Financial Services will help you determine how much is enough to protect your family.
Addressing YOUR Financial Concerns
For over 30 years, Phifer Financial Services has specialized in helping educators plan for their financial security by asking key questions:
- What will your pension income be at retirement (and at what age).
- Will the pension be enough for your retirement?
- How are you protecting your income?
- Do you have enough life insurance for traditional beneficiary needs such as income replacement or debt reduction?
Phifer Financial Services can help you with your disability, life and retirement saving needs. We can also help you plan for a secure retirement through Pension Planning.
What Will YOUR Pension Income Be?
Phifer Financial Service (PFS) can provide projected retirement ages and income. We will review the nine pension options available to you and your beneficiary(s).
If eligible, Life Insurance can be utilized to avoid minimizing irrevocable reductions from your pension income. Our goal receive the maximum pension income with greater control and flexability for you and your family.
Is The Pension Enough For YOUR Retirement?
How much income will you receive from your pension? Phifer Financial Services will help you establish your pension income and how much in savings is needed to supplement the pension to meet your goals. We can also help you reduce taxes on your retirement income.