The Federal Benefits Group Difference
The majority of individuals who offer to help federal and postal employees with their benefits, TSP or other financial services are only licensed to sell insurance products. Their primary focus is to teach Federal employees a few basics about their benefits and then convince them to transfer/roll their entire TSP (401k) into an annuity. This process substantially under serves the Federal employee.
There is a significant difference between brokers and fiduciary advisers – the two groups of people who want to help you enlarge your nest egg and plan for retirement.
Broker is short for stockbroker – someone working for an investment firm whose job it is to persuade a client to buy or sell stocks, bonds, mutual funds, ETFs and other financial products. Brokers are salesmen, and they’re paid on commission: no transaction, no pay. So there’s considerable incentive for them to sell you into something. Under FINRA and SEC laws, insurance agents and financial brokers are under a “suitability” requirement. Meaning, the only threshold they have to meet is: ?Is what they sold their client, suitable?
On the other hand, Federal Benefits Group is a fiduciary. A fiduciary status can only be obtained through advanced licensing/credentialing and positions Federal Benefits Group under a substantially higher level of regulatory oversight and compliance. The primary distinguishing factor is that we are under a legal obligation to do what is in your best interest at all times, not just what is suitable. Most clients have no idea these differences exist and they can end up costing you thousands.
We are under a legal obligation to do what is in your best interest at all times
Federal Benefits Group takes into account the entire financial picture for you and your spouse. First, we do a Federal Benefit Analysis, then a GAP Analysis/Retirement Income Plan and finally an assessment of your 401k (TSP) to calculate how to properly allocate and diversify it for short, mid and long-term periods so that it aligns with your unique requirements.
Don’t take chances with your future and your retirement
Federal Benefits Group can provide you with the knowledge, information and advice to make the decisions in your best financial interest.
Call us today at (877) 317-4167 to secure your FREE counseling session appointment to review your federal benefits and retirement outlook!