Financial Planning For
Education Professionals
Academic careers face unique challenges that require a specialized planning model for growth tailored to your individual needs.
We pride ourselves in empowering our clients with the knowledge and confidence to face the future assuredly at any stage of life. When assisting professors with retirement, we’ll embolden you with the right retirement savings strategies to diminish financial concerns and dedicate our time so you’re adequately prepared, assisting in successfully optimizing your wealth.
Your Questions Answered
Oregon university and professional college educators need industry-specific guidance, planning, and wealth management designed for your personal financial journey.
Should I use the PERS, ORP, TDI, or OSGP system for my retirement savings?
The Oregon Public University Retirement Plans System (OPURP) is an alphabet soup, and navigating each acronym’s role can be daunting. As a professor, you have several options to save for the long term. Throughout our planning work together, we can assess your current accounts, review your options and determine which paths can help you maximize opportunities to plan for your future.
How does TIAA CREF factor into my retirement income?
TIAA CREF is made up of two parts. The first is TIAA, which is the fixed-income portion of the portfolio and is set up like a pension, distributing equal amounts over a period of time (usually ten years). The second is CREF, which is the stock portion of the portfolio and is flexible for you to change in full. When, if, and how to utilize these two spigots in retirement will depend on other income like severance, Social Security, and pre-tax/post-tax investment accounts. The Collective Wealth Planning Process will take a high-level overview of your big picture and assess the most tax-efficient way to create income in retirement.
What are the considerations when negotiating my severance?
While an extended salary may be attractive, it’s not the only factor when discussing your severance. For professors who retire before age 65, continued healthcare coverage is an enormous benefit. Private insurance can cost the average 60-year-old over $1,000/month. A long-term plan can help clarify your needs so that you can plan for this conversation well in advance, ensuring you’re empowered to make the most of this important transition.
Do I have to move my accounts when I retire?
No, you can keep your accounts where they are in retirement; however, you will likely choose to consolidate them into one for simplification purposes. An important part of retirement planning is finding ways to streamline your financial life so that you can focus on the parts of life that bring you joy. Simplifying, delegating, and prioritizing are cornerstones of our work together.
Retirement planning is more than paycheck replacement
There are dozens of considerations when it comes to retirement planning.
Cash flow, healthcare/insurance changes, asset and debt considerations, tax planning, long-term planning, and many more.
Click below to review our checklist of issues to consider before retirement.
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Build A Sustainable Financial Future
Assisting professors with retirement is our mission. Providing them with investment solutions to lead impactful, sustainable, and prosperous lives. We offer the necessary tools and resources for wise wealth management, empowering them to plant the seeds for growth and financial freedom.