By: Joshua Finley
For school district employees, understanding how your pension works is key to a secure retirement. Whether you are under CalSTRS or CalPERS, the pension system can be complex, and many employees aren’t sure how much they will receive when they retire. Brett Moore offers insights to help you understand your pension options and explore supplemental plans designed to support long-term financial security.
How Pensions Are Calculated
Your pension is calculated based on factors like years of service, salary, and retirement age. However, these calculations can vary between school district employees, such as principals and administrators versus teachers. Brett Moore offers a clear, detailed review of how your pension works, breaking down what you can expect in retirement.
The common issue many employees face is the gap between what their pension provides and what they actually need for a comfortable retirement. Brett offers guidance to help you build a plan in place that fills this gap with supplemental accounts, like a 403(b), without exposing your savings to risk.
The Importance of Minimizing Potential Losses
With traditional retirement savings options, market volatility can jeopardize your hard-earned savings. Brett Moore’s retirement plans focus on helping protect your savings and aim to provide growth potential with reduced exposure to market fluctuations. This is especially important for employees nearing retirement, who may not have the time to recover from sudden market losses.
These plans, often tied to indexed strategies, allow your savings to grow with market gains but aim to ensure that your principal remains protected if the market drops. This steady approach supports building a more resilient retirement strategy, helping you stay prepared regardless of economic shifts.
Building Supplemental Income: Filling the Pension Gap
Brett Moore understands that your pension may not be enough to cover all your retirement needs. His approach includes more than just an explanation of pension details, offering strategies that incorporate additional income sources to help support financial stability in retirement.
By incorporating a no-loss 403(b) or indexed life insurance policy into your retirement plan, Brett helps you create a buffer that fills the gap between your pension income and your retirement expenses. These plans aim to work alongside your pension, helping to support your retirement goals and financial security.
Strategies for Stable Financial Growth
Brett’s strategies focus on minimizing risk, offering a way for your savings to grow with reduced exposure to market volatility, fostering a sense of financial stability. In contrast to traditional retirement accounts, where your funds can fluctuate with the stock market, Brett’s strategies incorporate a 0% floor, designed to help protect savings from decreasing during market downturns.
This approach supports steady growth for your savings, offering a pathway to increase without the usual concerns about potential losses. Whether you’re a decade away from retirement or approaching it soon, this steady growth model offers a level of security to help support a more relaxed retirement experience.
A Personalized Approach for School District Employees
Brett’s strategies aren’t just about protecting your retirement income—they’re about ensuring it’s tailored specifically to your needs. From principals to administrative staff, each employee has unique retirement goals, and Brett’s personalized approach helps ensure that every aspect of your financial situation is considered.
Whether you need to prioritize healthcare expenses, mortgage payments, or supporting family members, Brett works with you to build a written distribution plan that aligns with your specific goals. This personalized plan outlines how your pension and supplemental accounts are structured to support you, helping to create a clearer financial picture for the future.
Explore Brett Moore’s Approach to Retirement Stability
Understanding your pension is only the first step. Brett Moore’s retirement strategies are designed to offer added support, aiming to protect savings and promote financial confidence as you approach retirement. With his comprehensive, personalized approach, Brett offers the tools and guidance you need to retire confidently and comfortably.
Disclaimer: This article is provided for informational purposes only and does not constitute financial, investment, or legal advice. The strategies and insights shared by Brett Moore are intended as general guidance to help school district employees understand retirement planning options and are not specific recommendations. Readers are advised to consult with a qualified financial advisor to determine the best approach for their individual financial goals. No guarantees of specific outcomes or investment performance are implied, as results may vary based on individual circumstances and market conditions.
Published By: Aize Perez
