Successful financial planning takes tailored experience, analysis, and strategies that support your individual needs. Discover our unique perspective that takes into account your goals, circumstances, and big-picture vision. Creating the blueprint for a solid financial outlook takes wisdom, guidance, and cultivation so your money can thrive.
The Oregon Public Employee Retirement System (PERS) is an alphabet soup, and navigating each acronym’s role can be daunting. In short, PERS is the overarching name of the program. Your IAP and OSGP are accounts wholly owned by you and invested with the state. OPSRP and Tier 1/2 are pension programs that provide monthly income in retirement. Throughout our planning work together, we can decipher the details and tax implications of each and determine which pool is best for each season of retirement.
Like most things in financial planning, ‘best’ is relative and highly dependent on your specifics. The Collective Wealth Planning Process will take a holistic view of your financial life and clarify your options with breakevens and long-term projections, empowering you to make the best decision for your unique situation.
No, you can keep your accounts with the state 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.
The extent to which PHIP can complement your Medicare coverage depends on where you live. The service area of providers under PHIP varies widely. Where you live, your preferred provider, and your Medicare plan will all play a role in the best fit for you. An average retired couple in their mid-60s will need roughly $315,000 saved (after tax) to cover health care expenses in retirement. Planning for this expense is vital to the success of your long-term plan.
