Here is a great video that helps explain the concept of a retirement gap analysis
Most pensions have gone the way of the dinosaur. If you are one of the lucky few that still will receive a pension, you are ahead of most Americans. The days of a pension being all that you need to carry you to the end of your life are no more. Most pensions were adjusted years ago and will continue to be adjusted until the day that pensions are long gone. Any adjustments made to pensions are NEVER for the benefit of the employee. Whenever a new pension system is created it is designed to give you less benefits then previous employees.
With that in mind, it is more important than ever to get the exact numbers for your specific pension in order to be completely aware of your individual retirement needs. Years ago a person could expect to receive up to 80% of their final compensation from their pensions. For people starting out today that number could be as low as 50%! The difference in those two percentages is expected to be filled by you with your 403b, 457 (Deferred Comp) or TSP (Thrift Savings Plan).
Everyone knows that they should be saving for retirement. However, most people have no idea how much they need to save to maintain their standard of living during retirement. Enter the Pension Gap Analysis! With this amazing tool you can get an exact projection prepared by a financial professional that helps public sector employees everyday.
With a Pension Gap Analysis you will learn:
Everyone knows that they should be saving for retirement but most people have no idea how much they need to save to maintain their standard of living once they retire. With the Pension Gap Analysis you can get an exact projection prepared by a financial professional that helps public sector employees everyday.