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Get weekly stock market updates from LPL Research strategists while staying up-to-date on the latest financial market trends. Check out the new Weekly Market Commentary now: https://lnkd.in/g3eEQpbh

Educators, maximize your retirement savings with the 403(b) "15-year rule" catch-up provision. Learn how long-term service to your institution could unlock additional contribution opportunities to accelerate your retirement planning.

As National Medicare Education Week kicks off, here are some additional key considerations for public servants: 1. Understand how your service-related health benefits interact with Medicare. Some plans offer coverage that works alongside or instead of Medicare. 2. Explore Medicare Advantage plans designed for public servants. These may offer additional benefits tailored to your needs. 3. Consider your post-retirement health needs. Factor in potential service-related health issues when choosing between Original Medicare and Medicare Advantage. Want to discuss how Medicare fits into your overall retirement health strategy? Let's connect!

How do you know if implementing the change you're consider is the right thing to do — that it will help you achieve your goal faster or more effectively?

September is Preparedness Month! Here are 3 retirement planning tips for our dedicated public servants: 1. Explore special retirement plans. Teachers, check your 403(b) options; firefighters and police officers, look into 457(b) plans. These can offer unique benefits alongside your pension. 2. Understand your pension details. Know your vesting schedule and benefit calculation formula to maximize your service-based retirement income. 3. Create a retirement budget worksheet. List expected income sources and expenses to identify potential gaps and adjust your savings strategy accordingly. Want to ensure you're making the most of your public service benefits and personal savings? Let's chat!

Get weekly stock market updates from LPL Research strategists while staying up-to-date on the latest financial market trends. Check out the new Weekly Market Commentary now: https://lnkd.in/g3eEQpbh

Life Insurance Awareness Month is here! As we honor our public servants, let's consider these 3 crucial insurance tips for teachers, firefighters, and police officers: 1. Evaluate your employer-provided coverage. While many public sector jobs offer basic life insurance, it may not be enough. Assess if supplemental coverage is needed. 2. Consider occupation-specific policies. Some insurers offer specialized policies for teachers, firefighters, and police officers that account for job-related risks. 3. Explore policies with living benefits. Some life insurance plans offer critical illness or long-term care riders, providing financial protection beyond just a death benefit.

Learn actionable tips and strategies on how to reduce college costs and increase your chances of securing financial assistance.

While it's National 401(k) Day, let's talk about retirement savings for all our public servants: 1. Maximize your 403(b) or 457(b) contributions. These plans often offer lower fees and more flexible withdrawal options than traditional 401(k)s. 2. Understand your pension-plan integration. Coordinate your supplemental retirement savings with your pension benefits for optimal retirement income. 3. Explore the governmental 457(b) "double limit" catch-up. This unique feature can allow significantly higher contributions as you near retirement. Whether you have a 401(k), 403(b), or 457(b), the principle remains: save early and often.

Get weekly stock market updates from LPL Research strategists while staying up-to-date on the latest financial market trends. Check out the new Weekly Market Commentary now: https://lnkd.in/g3eEQpbh