WHY IS A TAX ADVANTAGED RETIREMENT PLAN SO IMPORTANT?
For most K-12, Career Tech or College Employees their retirement income comes from three sources: Oklahoma Teacher’s Retirement, Social Security, and Retirement Accounts.
Teacher’s Retirement is a defined benefit plan based on your years of service and your final average salary (2% x (service years) x (final average salary) ÷ 12 = Monthly Benefit). Social Security is based on your average wages over 35 years and provides income for life. Both of these have the same thing in common, they are fixed incomes. Unless there are cost of living adjustments, these incomes lose purchasing power with the effects of inflation (ex. Healthcare). Although you may start retirement with 80-100% of your current take home, you have to ask yourself if that’s enough.
GET YOUR PORTFOLIO RISK ANALYSIS
The first step is to answer a 5-minute questionnaire and then we’ll pinpoint your exact Risk Number to guide our decision-making process.
Next, we’ll craft a portfolio that aligns with your personal preferences and priorities, allowing you to feel comfortable with your expected outcomes.
Last, we will review your progress toward your financial goals by building a Retirement Map.
Go ahead! Click the button to get your risk score.
