123 Rowell Ct.
As a federal government employee, you have a unique set of financial needs. What may work for people in other industries, may not be what’s best for you. At Krosnowski & Scott, we understand that and take that into consideration when making retirement plan recommendations. Get to know our team and allow them to understand your financial circumstances in order to make the best recommendations for you.
The federal worker’s Thrift Savings Plan (TSP) is available to civilian government employees, members of the armed forces, and any beneficiaries who might have inherited TSP funds. New civilian employees will find that they are automatically enrolled in the program at a contribution rate of as low as 1% and as much as 5%.
Investors can choose between ten separate funds. Once an initial deposit is invested in the TSP, it will automatically be invested in a ‘Lifecycle Fund’, based on the age of the participant, where the TSP has opted to reinvest all dividends, interest, or other gains.
Participants may also choose to split contributions between the two options – Traditional or Roth. Depending upon a participant’s marginal tax rate and financial situation, one alternative may be more advantageous than the other. In either instance, employees can contribute up to the maximum allowable amount.
Do you know how much money you need to retire comfortably? Or how long that money will last? Our Retirement Income Analysis (RIA) will show you hypothetical scenarios that take into account your current assets and will attempt to show you if those assets will be sufficient to meet your retirement goals, how long those assets will last, while taking into consideration your on-going earned income, the money you have saved, and the anticipated growth of your investment assets. In addition to illustrating cash flow generation, the RIA also shows how your assets might grow during retirement to protect against inflation. This report is easy to understand and will provide you with the information you need to make a sound and informed decision as to how you should proceed with your retirement.
This report is used for illustration only. It is not intended to show actual performance and rates of return are hypothetical and not predictive of any specific investment. Interest rates, or values that are set forth in the illustration, are not guaranteed and taxes, sales charges and investment expenses are not considered. Your actual results will vary.
These reports are designed to educate you on the various alternatives that may be available to you upon retirement from the federal government and help you make the retirement choices that are best for you.
Do you know how much money you need to retire comfortably?
Download Your Free Report
How can you withdraw funds without incurring the usual 10% penalty?
View your current asset allocation among cash, bonds, and stock.
Compare the benefits of receiving your pension as an annuity or lump sum to make an informed decision that best matches your financial needs, objectives, and comfort level.
“A teacher affects eternity; he can never tell where his influence stops.” -Henry Adams