Protecting Your Income In Retirement: Why It Matters More Than Ever

After presumably, decades of hard work, you have worked hard for your money and now it is time to make your money work just as hard for you. Whether you are a retired union worker or a federal employee preparing for the next chapter, protecting your income in retirement is key to your peace of mind.  

As we have seen pretty much every time we turn on the TV or open a newspaper, costs are rising, the markets are unpredictable, and (thankfully) life expectancy has been increasing. Your nest egg should be structured to last.  

Smart planning is the only way to make sure you will be prepared for the price of retirement. Knowing how and when to draw from your pension and social security, and knowing what to do with your Thrift Savings Plan, “TSP”, can have huge impacts on your monthly income and yearly tax bill. Also, if you are hoping to leave money for your family, you will want to plan so that all of that is taken care of.  

Working with a financial professional who understands the ins and outs of retirement planning for union members and federal workers can help you avoid expensive mistakes, and more importantly, let you feel confident about your future.