Law Enforcement and Fire Personnel… How the Windfall Elimination Provision Affects You
If you work for an employer who doesn’t withhold Social Security taxes from your salary, such as a government agency; e.g. City of Philadelphia, any pension you get from that work can reduce your Social Security benefits. The Windfall Elimination Provision (WEP) can...In A Union Construction Trade? Unsure How to Handle Your Annuity Fund At Retirement?
We have a large contingent of union tradesman in our client base and all have annuity options as part of their retirement programs. The options vary from union to union and generally speaking they can be confusing. One of the biggest concerns that we have for our...Are You in The Drop Plan? We can help you sort through your options.
We have a number of clients in the DROP plan (Deferred Retirement Option Plan), or those that have retired and taken their funds out. You have a number of things to consider as you plan for your retirement. If you decide to take a distribution of the funds you will...Designate beneficiaries to avoid unintended consequences
After your death, the disposition of retirement accounts, life insurance policies, annuities, and accounts at financial institutions are governed by beneficiary designations. If those designations are outdated, unspecific, or wrong, your assets may not be distributed the way you would like. Read more.