The Obstacle:

Joan is considering filing her retirement papers with the Federal Government.  After a lifetime of climbing her ranks through the GS levels, she now tries to decipher the various decisions she needs to make with her retirement benefits.  She wants to make sure she is making the best decision for the rest of her life and her family.

WSF Guidance & Results:

Joan was looking for a comprehensive financial planning firm to help make these decisions and guide her financial journey so she could enjoy retirement. She wanted to ensure that:

1. She could continue to live the same lifestyle in retirement

2. She could leave a legacy for her children and grandchildren

3. She was as tax efficient as possible

The Plan:

1. Implement risk management strategies for TSP funds and other assets

2. Set annual plan for Roth conversions of pre-tax monies for future legacy goals. Traditional IRA account owners have considerations

to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the

year of conversion, withdrawal limitations from a Roth IRA, and income limitation for future contributions to a Roth IRA. In addition, if

you are required to take a required minimum distribution (RMD) in the year you covert, you must do so before converting to a Roth

IRA.

3. Set monthly spending monitoring to ensure she is staying on track

4. Ensure proper insurance coverages for catastrophic events

5. Choose appropriate FERS option to provide for her and her spouse

6. Review and update Estate Planning documents to provide for future goals and family legacy .