Retirement Planning | True North Financial Advisors, Inc

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)…

FRS Pension Plan Election Decisions Should Maximize Lifetime Income for Both Life Expectancy Scenarios

Florida Retirement System (FRS) provides two retirement plan alternatives to the employees covered under the state pension plan. The defined benefit plan is called the FRS Pension Plan and the defined contribution plan is called the FRS Investment Plan. For retired employees in the FRS Pension Plan benefits are paid monthly with the amount based…

Defending Public Safety Employees’ Retirement Act Provides Tax Relief to PBSO Deputies and Palm Beach County Fire Rescue Professionals from Early Retirement Withdrawal Penalties

The Trade Priorities and Accountability Act of 2015 (H.R. Bill 2146), also known as the Defending Public Safety Employees’ Retirement Act, became effective December 31, 2015. The new tax law expanded the exemption for many federal public safety employees to include federal law enforcement officers, customs and border protection officers, federal firefighters, and air traffic…

A Financial Plan Annual Review Can Help You Stay on Course

Another year has come and gone. It’s 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 the goals we want for ourselves and our families. I just had…

Category Archives: Retirement Planning

FRS Pension Plan Retirees Face Significant Risks from Uninsured Health and Custodial Care Costs

FRS Pension Plan Election Decisions Should Maximize Lifetime Income for Both Life Expectancy Scenarios

Defending Public Safety Employees’ Retirement Act Provides Tax Relief to PBSO Deputies and Palm Beach County Fire Rescue Professionals from Early Retirement Withdrawal Penalties

A Financial Plan Annual Review Can Help You Stay on Course

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