Broker Check
A Financial Advisor for Federal Employees is Critical to Building Wealth

A Financial Advisor for Federal Employees is Critical to Building Wealth

August 31, 2021

A financial advisor for federal employees is someone who helps you optimize your benefits so that you can live comfortably knowing that you didn’t leave any money on the table. We help you with financial planning and retirement, life insurance and everything in between. Here are a few important reasons why you should hire a financial advisor if you are a federal employee.

A Chartered Federal Employee Benefits Consultant (ChFEBC℠) optimizes your benefits.

As a federal employee who needs help planning for retirement, you should work with a ChFEBC℠. This is a financial services professional who has a thorough understanding of CSRS and FERS annuities, FEGLI, the Thrift Savings Plan, and other benefits that are available only to federal government workers. We have extensive training and knowledge specific to federal employees benefits.

For more on this designation, read our article: What is a Chartered Federal Employee Benefits Consultant?

Most financial planners don't know how federal employee benefits work.

We use special software and other tools to see your bigger financial picture. For example, the Thrift Savings Plan is challenging for those who aren’t designated as a ChFEBC℠ because there are limited options when it comes to the fund selection. We know how to maximize your return because we understand the plan, inside and out.

Team up with an advisor and start planning for retirement the day you start your job.

Don’t wait until you have 1-3 years before retirement because it’s often too late to address any challenges. Start looking for the right ChFEBC℠ the day you start your federal position. (If that was a while ago, start now.) As the saying goes, the best time to plant a tree was 10 years ago. The second best time is today. Contact us to schedule a meet-and-greet and get started.

You will be in a higher tax bracket when you retire than where you are today.

That’s why it’s important to take advantage of tax savings accounts like the ROTH now. You could be overfunding your TSP and neglecting to create your own individual retirement account (IRA). If you’re not in a higher tax bracket when you retire, it means you either had a bad financial advisor or no financial advisor at all.

You cannot afford NOT to have a ChFEBC℠ in your corner.

Many federal employees think they don’t need a financial advisor because they don’t have or make enough money. Perhaps they think their retirement plan is simple or that the government will take care of it. This is simply not true. You need someone who is going to look out for you and protect the assets that you worked so hard for. The difference between having a financial advisor and not could be the difference between 1 million dollars and 2 million dollars at retirement.

Your federal benefits might fall into your blind spot, which is why it’s important to hire an expert who focuses on optimizing those benefits. You can book a workshop with me, whether in person or virtually so that your team is set up for success. You could also schedule a 1-on-1 meeting with me to review your financial situation. For either route, please give our office a call at (480) 600-9626 or complete the contact us form. I look forward to working with you and helping you create a life you love.