Choosing a Financial Advisor for Federal Employees: Federal Retirement Planning
Retirement planning for federal employees involves understanding intricacies of their benefits and often requires a specialized professional.
Find the Right Advisor for Federal Employee Retirement Planning
Federal employees benefits are multifaceted, involving a FERS or CSRS pension, the TSP, FEHB, FEGLI, and Social Security. Expert guidance is crucial to optimize these benefits.
Key Qualifications for Financial Advisors
- Certified Financial Planner™ (CFP®️) – demonstrates expertise of financial products
- Accredited Investment Fiduciary (AIF®️) – holds financial planners to the fiduciary standard
- Chartered Federal Employee Benefits Consultant (ChFEBC℠) – designation recognized by FINRA for federal benefits expertise
Questions to Ask Before Hiring
- Who will be my advisor and point of contact?
- How is the Advisor compensated? Are they held to the Fiduciary Standard?
- How long have they been working with federal employees?
- Are they being completely transparent?
