Understanding Oregon PERS Lump Sum Options Oregon PERS is full of intricacies and detail. Today, I’m exploring the lump sum options available on your Oregon PERS Benefit Estimate. I’ve covered Oregon PERS Options 1 – 3A in several other blogs and videos (e.g., “Deciding Which Oregon PERS Pension Benefit is Right for You“). Since these…
Deciding Which Oregon PERS Pension Benefit is Right for You Understanding Your Oregon PERS Pension Benefit As an Oregon public employee nearing retirement, understanding your Oregon PERS pension benefit options is crucial for effective retirement planning. In this blog, I will help you navigate the various pension options, ensuring you make informed decisions about your…
The Oregon PERS Retirement Application for OPSRP Members Navigating the Oregon Public Employees Retirement System (PERS) can be complex. it’s common for clients to reach out once they receive the thick manila envelope and ask for help. In this guide, we’ll break down the Oregon PERS Retirement Application for OPSRP Members step by step to…
Oregon PERS Benefit Estimate – How to Read Yours Your Oregon PERS Benefit Estimate – An Important but Confusing Document I recently attended a continuing education event where a representative from Oregon PERS spoke and walked us through a sample Oregon PERS Benefit Estimate. The room was filled with about 75 advisors. As we neared…
I enjoyed catching up with fellow advisor Josh St. Laurent on his podcast, Wealth in Yourself. Together, we discussed the opportunities and challenges for those approaching and entering retirement, what it means to align your money with what you care about, and more. You can listen in or read the transcript below: Josh: Welcome to…
What Happens to Your Tax Liability With Proper Financial Planning? When we think about managing our finances, it’s impossible to ignore the impact of taxes. Taxes are integral to our financial lives, affecting everything from our income and investments to estate planning and retirement. The decisions we make in our financial planning have direct consequences…
Over the last decade, I’ve noticed a theme when working with my client families. While the question may not come out exactly this way, the essence usually distills to, “How should we allocate our hard-earned dollars?” One of the key concepts in financial management is cash flow – the inflow and outflow of money in…
Planning for Medicare and adequate healthcare coverage is central to retirement planning. Often, unknown Medicare surcharges lurk for those over certain income thresholds. This post discusses those fees, thresholds, and your options for reducing them. What is a Medicare Surcharge? Medicare surcharges (also known as income-related monthly adjustment amount or IRMAA) increase the premiums paid…
Individuals and retirement planning experts alike are recognizing that a successful and satisfying retirement experience depends on more than a healthy nest egg. In fact, retirement should be thought of as a major life transition that deserves thought and preparation in all areas of life. (I like to provide you with a few options for…
You can consider this blog/vlog entry a mini-workshop for those of you looking for a framework to help guide your philanthropic intentions. I have had several client families in the same predicament: they’ve saved diligently, and through our work together, we ensure that their nest egg will support them to and through retirement. They have…