One of the most important financial steps everyone should take is to keep their beneficiaries up to date. Such a simple task can be the difference between protecting your loved ones and pushing them apart.
“New beginnings are often disguised as painful endings,” is a famous and appropriate quote relevant to today’s economic and social environment. Although we desperately try to move on from the pandemic, we are constantly reminded of its grip on our lives.
Picture this scenario: You’re an AT&T employee who is about to retire. Before you can walk out the door one last time, however, you must choose which AT&T pension benefit is right for you. Either a monthly pension, lump-sum pension, or a combination of the two depending upon your classification (management or union).
We are happy to recognize four Advance Capital Management financial advisors – Ryan Sheffer, Michael Hohf, Daniel McHugh and Terra Hohf – have been named to Forbes magazine’s 2021 Top Next-Gen Wealth Advisors list.
From postal workers to VA doctors, we’ve had the pleasure of helping many federal government employees reach retirement. So, what is retirement age for government workers? Is it the conventional age of 65?
Whether insured or not, some of the biggest recurring expenses throughout your life are health care costs. Some AT&T employees can get an extra leg up on expected and unexpected medical costs with a health savings account (HSA).
A variety of events can adversely impact your retirement, from unexpected expenses, such as high medical or caregiving costs, to a stock market downturn. So can the fear of spending in retirement. If you don’t use your retirement savings, you can almost guarantee living a lower lifestyle than you could otherwise. That’s why a safe withdrawal rate isn’t 0%.
We all want to achieve a comfortable retirement: to have full control over our time to do what we want whenever we want for however long we want. Or, do you?
Similar to a private company 401(k) plan, the Thrift Savings Plan allows each federal worker to save a portion of his or her paycheck in a tax-deferred investment account that can grow for future use as income in retirement. However, you are given access to two different account options: a TSP Roth and traditional account.