Retirement Planning

As financial advisors, we specialize in helping teachers, school employees and individuals understand how their pension, social security and investment management fit into their retirement plan.

Retirement planning today has taken on many new dimensions that didn’t exist with earlier generations. Longer life spans alone have created new obstacles that need to be considered when planning for retirement.

And although it is customary to think of retirement as being based on age, in reality it is whenever your professional income ceases and needs to be substituted by other income sources. A shift occurs from accumulation to distribution of wealth.

The Need for a Plan

Planning for retirement is not something that happens overnight. Many of us have been saving for retirement since we began our careers, while others started later in life. The important thing to remember is that the nest egg you have saved needs to provide comfort and peace of mind, well beyond your working years.

Consider the following diagram, which outlines the various components that are often found in a solid retirement plan, assuming employer pension. If no employer pension, a larger retirement savings bucket needs to be considered.

Questions to Consider

The following personal retirement wheel offers categories to consider when contemplating your own retirement plan. Hover over each topic to learn more and gauge your confidence level with these categories, with 1 being very confident and 7 not confident. How confident are you?

The Solution

No matter your age, our team will help you plan your ideal retirement and will work with you to understand your current financial situation, including your complete financial picture, your expected years until retirement (if any), and how you define retirement. From there, we will build a customized retirement income plan that will help leverage your existing assets to protect and sustain a predictable and sufficient retirement income. Our goal is to design and implement a plan that helps you achieve an ideal retirement without fear of outliving your resources.

Ready to get started? For those in education looking for specific pension numbers, please schedule an appointment with a Teachers Retirement Association (TRA), Public Employees Retirement Association of Minnesota (PERA), or St. Paul Teachers’ Retirement Fund Association (SPTRFA) counselor. For all other inquiries related to your financial and retirement plans, please contact a financial advisor at EFS Advisors today.

EFS Advisors
Find an advisor or call 763-689-9023
Teachers Retirement Association or call 651-296-2409
Public Employees Retirement Association of Minnesota or call 651-296-7460
St. Paul Teachers' Retirement Fund Association or call 651-642-2550