WSTRS: PRE-RETIREMENT WORKSHOP

PENSION OPTION PLANNING

Presented by
Jim Lusk, CFP, CLU, ChFC, CLF, MEd
President, Retirement Nationwide, Inc.

Watch our most Recent Replay!

Watch our most Recent Replay!

If you are married, when you retire from a City, County or State job that has a Washington State Teachers Retirement Systems (WSTRS) retirement plan, you have one of the biggest financial decisions you’ll ever make….

      What is the best method of providing a survivor benefit for your spouse?

         (Most married retirees take reduced survivor options to protect their spouse.)

Consider the Problems with that choice:

• Choosing the wrong option can cost you tens of thousands of dollars.
• Choosing a reduced option drastically reduces your post retirement COLA.
• Choosing the wrong option can disinherit your children or estate.
• Choosing a reduced benefit is a lifetime cost for the retiree with no equity or cash balance.
• You get no discount for this enormous cost for good health, non-smoker, or age.

Is there a better plan for you?