Written by Stephen Ostrofsky, CFP® During a recent client meeting with a PBSO deputy, we reviewed their employer benefits designed to subsidize health care costs during retirement. The retirement benefits provided significant sums to my client, but was it enough to offset expected health and custodial care costs? What we found many retirees face significant…
Read more
The Year in Review – Can Help You Stay on Course in 2017
The Year 2016 is near and end. For those who do not have a financial plan, it is sometimes hard for some individuals to not feel a sense of regret as time keeps marching by and there always seems to be so much to do, to keep up, to keep from falling behind, to accomplish…
Read more
Palm Beach Sheriff Office Employees Embarks on VEBA Plan to Manage Health Care Costs in Retirement
The Police Benevolent Association (PBA), for employees of Palm Beach Sheriff Office (PBSO), has established a Voluntary Employee’s Beneficiary Association (VEBA) Plan for its deputies and employees, effective July, 1 2016. VEBAs are IRS qualified, tax-free trust funds established to underwrite the future costs retired employee health insurance costs and almost any other future employee…
Read more
FRS Pension Plan Retirees Face Significant Risks from Uninsured Health and Custodial Care Costs
In a recent client meeting to discuss retirement planning with a FRS retiree we reviewed the employer benefits designed to subsidize health care costs during retirement. The retirement benefit provides significant sums to my client, but was it enough to offset expected health and custodial care costs? What we found is Florida Retirement System (FRS)…
Read more