COMPASS
SPRING 2026
Financial Foundation
Explore the building blocks that support longterm confidence clear goals, smart planning, thoughtful protection, and strategies designed to grow with you through every stage of life. Whether you’re just getting started or refining what you’ve built, this magazine is your guide to strengthening the financial foundation beneath it all
lcome to the bi-annual issue of OMPASS Magazine, an official blication of Compass Capital nagement, LLC.
ring is here, and just like the seasons, changes. Ongoing changes highlight he importance of a strong Financial oundation.
Through this Spring issue of COMPASS Magazine, we hope you’ll feel inspired by he accumulation of articles to help ducate you on your financial journey.
n this issue, you will find a range of rticles designed to inform and inspire:
Estate Planning
Making the most of your taxes
Living a live by your design
Suite 101 74501
Schedule of client events, workshops and more!
We hope you continue to find valuable resources and inspiration through these pages. Our team is ready to help you find financial strength and security as we take on the new year.
Sincerely,
COMPASSCAPITALMANAGEMENT,LLC
apitalmgt.com
Jimmy J Williams
immyJ.Williams,CPA/PFSCFP,CRPC
Dear Clients and Friends,
The world has been crazy in the past few months We are continuously monitoring the global markets and economies to provide you, our clients, with the best advice for your family’s financial future. It is our policy to keep our clients informed of our activities undertaken to protect your family’s assets and investments.
The year 2025 was a year of growth for our firm. We added several new team members –Michelle Lowe, Sam Denike, and Shelby Tatum – to enhance our service levels and provide proactive information and processes in helping you build your secure future As part of our technology and client service process, we added our new platform that will coordinate all of your financial information in one tool that helps you understand your finances. This platform is called CLIC Client. Another tool we implemented in 2025 was NetXInvestor. It provides you with a complete picture of your investments’ basis, gain, and loss in real time.
Our growth continues to be fueled by introductions and referrals to your friends and family members Thank you for the opportunity to meet and serve them! We are honored, and humbled, to receive introductions from you and do not take this act for granted One of our core values is kindness By sharing your family and friends with us, we wish to reciprocate with methods of kindness in return. You may want to bring a friend with you to the next client event. These are opportunities to meet other people and your CCM Team in a social environment while enjoying fun activities.
Spring is upon us and reminds us of new beginnings. One method of gaining confidence in your future plan is to review it annually. Our wealth advisors are specialists in retirement planning and may be able to help you gain greater comfort in your future plan See us today to gain comfort and confidence in your bigger future!
Jimmy, LeAnn, and Julie
CCM Leadership Team
OurCoreValues INITIATIVE KINDNESS
We are people who take initiative. We are proactive, responsible, and accountable for the work to be done with a positive attitude. We look for things to be done and attempt to get them done as much as possible before asking for help.
We are reliable. We follow through. We complete the work as promised. We communicate with the client and with our team that the work has been done.
We are kind. we treat our clients and each other in the way we desire to be treated. We are kind in the way we discuss and kind in the way we deliver.
We are lifelong learners. We continue to grow in knowledge and skills to stay at the top of the our industry for the best service to our clients.
INTEGRITY
We are trustworthy. We maintain the highest level of honesty individually, as a team, and with our clients. Always remember to be kind.
MEET the team the team
Guess which team member each pet belongs to. The answer key is at the bottom of this page!
MATCH ME WITH MY OWNER! MATCH ME WITH MY OWNER!
Julie
CLAIMING SSA BENEFITS CLAIMING SSA BENEFITS
IS A PROCESS
By Jimmy Williams, CPA/PFS, CFP®, CRPC®
Social Security benefits are a substantial monthly income item for most beneficiaries. When established in in the 1935 Act signed by President Franklin Delano Roosevelt, the purpose was clear and the mission understood that the legislation would provide a minimal level of support for all qualified participants. Now, in its 90th year, the Social Security Administration has a challenge in which it must continue to serve the participants with excellent benefits and expected service levels.
From the standpoint of claiming benefits, too often individuals underestimate their longevity and fail to take advantage of the lifetime benefits to a maximum support for their lifestyle. Individuals who have never married can choose between ninety-seven (97) monthly claim ages from 62 to 70, with each month increasing their benefits for a lifetime. When a person claims their benefits at the first opportunity, typically age 62 unless a widow or widower, a qualifying
child of a claimant who deceased and other special claimant categories, the individual forgoes the benefit of maximizing their total claim for support over their lifetime.
However, lets assume that a married couple whose dates of birth are five years apart. For example, the wife is approaching 67 and the husband is approaching age 62. Further, assume the wife is the higher earner of the family and has maintained a higher level of income throughout her career as opposed to the husband. To maximize the total family lifetime benefit from Social Security retirement, the husband may consider filing for benefits, based on his earnings record, at the age of 62. However, the wife, to maximize the total family support for a lifetime, may wish to defer her benefits on her record until age 70.
The aforementioned approach will provide cash flow to the family from age 62, admittedly at a
lower level than the husband’s full benefits, and will allow the wife to accumulate bonus payments of 8% per year from age 67 to 70. After the wife files for her benefits, which in our assumption is more than 50% greater than her husbands, the husband will file for spousal benefits and cease receiving his benefits based on his own earnings record. In essence, the husband will get a potentially greater increase in monthly benefit than the annual cost of living raise.
One of the benefits of SSA benefits is that they remain inflation protected through a provision in the law that requires an increase in benefits to all SSA beneficiaries each January based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the period of third quarter 2024 through third quarter close of 2025. In 2026, the increase was 2.8%. The purpose of this annual increase is to maintain the purchasing power of the beneficiary.
I encourage each of our clients to consider the facts that medicine may extend longevity of life and their estimation of their date of death is most always premature. If the person were to wait to claim benefits at age 70 and live to 85 years of age, she would have received a greater total benefit than if she had filed at age 62 and died at age 85. The reason for such a difference is the bonus payments received from full retirement age until age 70.
One of the best investments you make during your career is the contribution of your earnings to SSA. A lifetime annuity with medical insurance (Medicare) provide a base of income and care that is difficult for most participants to replicate with other investments. If you have questions regarding the claiming process and timing of your SSA and/or Medicare benefits, contact an independent, fee-based CERTIFIED FINANCIAL PLANNER™ professional You may qualify for a complimentary initial consultation that will benefit your family for years in the future Enjoy a great 2026!
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DEPARTMENT SPOTLIGHT:
hind every great financial plan is a team making
e all the details are handled with care and t’s exactly where our Client Service Specialists
ne This dedicated department works closely h our clients to ensure all the essential pieces are in place for you and your family, providing seamless support at every step of your financial journey
From the moment you begin working with our firm, our Client Service Specialists are there to assist. They serve as your go-to resource for
new strategies recommended by your advisor. Their role is both technical and relational making complex processes feel simple, organized, and stress-free
The past year has been a big one for the Client Service department Our team has welcomed new hires, celebrated well-earned promotions, and pursued new certifications to continue elevating the level of service they provide. This growth reflects their commitment to professional development and to delivering an exceptional client experience.
If you, or your spouse, are employed in an industry that compensates you with tips, be mindful that you should track the amount of tips you receive during the tax year This is a new deduction that allows you to deduct up to $25,000 from your total taxable income if your total income does not exceed $150,000 for individuals and $300,000 for joint filers. This benefit is available to you through December 31, 2028.
The same can be said for overtime paid you as an additional deduction similar to Item 1 above However, the amount of tips to be deducted from your taxable income is $12,500 for individuals and $25,000 for joint filers. Again, it is important that you track your overtime pay component of your total wages Employers should be reporting this amount to you in your pay stub Limits on income for claiming this deduction are the same as the tip deduction discussed in Item 1 above
By: Hillary Campagna, CPA and Jimmy J. Williams, CPA/PFS, CFP®
ThetimehasarrivedforindividualsintheUnitedStatestofile theirannualincometaxreturns Typically,thistimeoftheyear creates anxiety and trepidation for many people Our hope is that these simple, yet effective, methods of last-minute tax savingsstrategieswillrelievesomeofyourangst.
Always invest in yourself first. This simply means that you should consider any viable opportunities to save income taxes so that your familykeepsmoreofitsmoneyforitsownneeds Taxpreparation andfilingarenotsimpletasks.Thelawsthatgovernourrequiredannualtax filingsarecomplex.Eachyeartheincometaxlawsseemtogrowinnumber andsophistication
To help you take advantage of your family’s opportunities for tax reduction, consider thefollowingstrategies:
To help you reduce your taxable income from 2025, prior to filing your return, consider contributing to an Individual Retirement Account (IRA) or, if selfemployed, a Simplified Employer Pension Plan (SEP) The two types of accounts require that contributions be performed before April 15, 2026, for an IRA and the due date of your tax return filing, including extensions, for the SEP.
If you purchased a new automobile in 2025, you may be able to deduct up to $10,000 of interest paid on the vehicle purchased Income limits do apply to this deduction, too
If your family utilizes a high-deductible health plan for insurance purposes, consider contributing to a Health Savings Account (HSA) This is a type of investment that allows you to increase your contributions tax-free if used for allowable medical expenses Unlike an employerprovided Flexible Spending Account (FSA), you are not required to utilize your contributions each year This type of account allows for considerable potential growth over a long period of time and may be used for nursing care or home health costs where Medicare does not provide assistance You control the timing of withdrawals and may continue to fund this type of account until such time as are 65 years of age
Analyze your most appropriate filing status – married filing separate or married filing jointly If you were married in 2025, you cannot file as a single filer. Further, you may not file as head of household even with minor children in your care Think about preparing your tax return considering both filing statuses to see which provides the greatest benefit to the family. Further, if your spouse had previous IRS or other taxing agency assessments, it may be more advantageous to file separately until such time as the past balances are resolved
If you are a business owner, consider immediate expensing of assets purchased in 2025 This election may be performed on your original return until its filed in 2026 Further, you may create a significant loss for your business but receive employment income on Form W-2 that would give you additional income to claim the immediate expense The negative to this type of deduction is that you must continually build your business by purchasing depreciable assets each year or pay a larger tax burden due to the loss of depreciation expense over a period of time
Taxes are a part of life Proactive planning may help you reduce the stress of filing each year and provide you the knowledge of what you may owe Consider speaking with a Certified Public Accountant or a CERTIFIED FINANCIAL PLANNER® professional to receive a complimentary consultation It is critical that you retain as much of your family’s earnings as possible Enjoy the Springtime weather!
Stay Connected, StayInspired
Thank you to the many clients and friends who introduce their friends to us Our business strategy is to provide excellent service, clear communication and deliver in a timely manner to help our clients realize their desired future However, many of you may not understand or feel confident in how to introduce your family members and friends. Below are a few criteria to help you become more comfortable with the process:
Know that all introductions to our firm are treated with the highest respect and professionalism. We do not simply make this statement – we live it every day.
ThePhiladelphaStock Exchange(PHLX),officiallyknown astheBoardofBrokers,founded in1790,wasthefirstorganized stockexchangeinthe UnitedStates.3
The ideal clients for our firm’s services are families, foundations and retirement plans of companies that employ one hundred or less people.
We utilize a unique, proprietary process called “The Life Plan Solution™” to create a plan and provide guidance for each client. There are no boilerplate plans that we apply to all clients. It is critical that each client’s concerns and dreams for the future are addressed in a manner that gives them confidence and comfort
Compass Capital Management, LLC, a SECregistered investment advisory firm, was founded in April, 2009.
When the person introduced to us calls our office, they will be greeted by Shelby Tatum, our Director of First Impressions An appointment will be set and an email sent with a couple of forms to help us with information needed to begin the process of creating a solution to the person’s challenges
On the day of the appointment, your friends and family will experience a quiet, comfortable, professional office and be greeted by a team member of the firm
No matter the person’s capabilities with their finances, we talk with people not at them Respect is dispensed to all people in great amounts from the moment of introduction through the relationship over a lifetime
After the first meeting, we will ask the referred individual to provide some additional information that will help us determine the best course of action to meet their desired needs
A timely call is placed with the person to follow up after each meeting while providing guidance on the subjects discussed during the personalized consultation
We highly recommend that you introduce your friends and family to our website. They will become familiar with our team members and be able to connect a face with a name. Each person referred to us will be treated with kindness. At Compass Capital Management, our clients are treated like family, because that is exactly what they are to us
If you have a question about introducing a friend or family member, please contact our office and speak with anyone of our team members You will find each professional to be extremely helpful
Thank you for considering our team to assist your friends with one of the most important aspects of life
their future We are most appreciative!
With gratitude,
Your Compass Capital Management Team
CCM’s Travel Budget Tips:
ORDER FLIGHTS AS EARLY AS POSSIBLE TO RECEIVE THE BEST DEALS
RESEARCH FUN ACTIVITIES THAT ARE FREE BUT STILL ALLOWS FOR THE BEST EXPERIENCE.
TAKE CASH FOR YOUR SPENDING/TIP MONEY. THIS WILL HELP YOU STAY ON BUDGET AND PREVENT OVERSPENDING.
IF YOU NEED TO USE A CARD, ONLY USE A CREDIT CARD DUE TO SCAMMERS.
BOOK ALL FLIGHTS (AS MUCH AS POSSIBLE) WITH THE SAME AIRLINE TO GAIN POINTS FOR FUTURE BENEFITS.
Law Law THAT IMPACT YOUR FUTURE
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law. The primary function of the law was to extend the expiring tax provisions from the Tax Cuts and Jobs Act of 2017, which was set to expire on December 31, 2025, causing significant increases in tax rates and other financial changes. This article will provide several areas of the law that will impact individuals and families so that you may plan your future accordingly.
Tax rates will remain as they currently are at a maximum rate of 37% (although higher earners will be subject to additional surcharges) Some good news from the law is that it made permanent the deduction for mortgage insurance premiums and allows for unreimbursed educator expenses to be deducted as miscellaneous itemized deductions. A caveat about the standard deduction which will impact most taxpayers, is
that the amounts will be adjusted for inflation to $31,500 for joint filers, $23,625 for heads of households and $15,750 for single filers Due to the larger than previously
Changes Changes
By: Jimmy J Williams, CPA/PFS, CFP®, CRPC®
allowed standard deduction amounts, many filers will be unable to elect to itemize deductions thereby reducing the benefit of miscellaneous itemized deductions.
State and local taxes are typically allowed as an itemized deduction for individuals and joint filers. However, the amount allowed for deduction was capped at $10,000. The new law increases the amount of state and local taxes to be allowed for deduction to $40,000. Although not a cure for those individuals who live in the highest personal income taxing states such as California, New York, Connecticut, etc , it is a better outcome than remaining at $10,000
Good news for those who need estate tax relief!
The basic estate tax exclusion was increased to $15,000,000 per decedent for those dying in 2026 and will be adjusted for inflation thereafter. For all but the wealthiest of U.S. taxpayers, this exemption will allow the transfer of assets from the decedent to their beneficiaries without taxation. Relief is necessary particularly for large family farms and businesses. It is quite a disruption to the farming or business operations to seek loans or sell a portion of the business to pay the estate tax burden Many of these families are “land rich and cash poor ”
The Internal Revenue Code is not unique in that it reports in Section 1 that all income is taxable unless specifically exempt by statute. In the current law, tips of those individuals in hospitality service (particularly waitstaff) will be partially deducted from federal taxation to the amount of $25,000 and the taxpayer is not required to itemize. However, with all laws, there are some limitations. For example, in this instance, the $25,000 deduction is phased out when the taxpayer’s income exceeds $150,000 ($300,000 for joint filers) Further, the deduction is not allowed for tax years beginning 2028
To continue to help hard working taxpayers, the law allows a deduction from income an amount of up to $12,500 for overtime earned by the worker. Joint filers are allowed a deduction of up to $25,000. Again, the deduction is phased out for taxpayers with modified adjusted gross income exceeding $150,000 (or $300,000 filing jointly). As is applicable to the tip’s deduction mentioned above, this deduction is not allowed after 2028.
An old provision of law was restated in the new law to allow the deduction of automobile loan interest for automobile loans in 2025 through 2028. The vehicle must be purchased after 2024 and is available for those taxpayers that itemize deductions and those that do not. The limit is $10,000 per year.
Our role as wealth and tax advisors at Compass Capital Management, LLC, is to proactively assist you with this important planning so that your family may retain more of your hard-earned money to fund other needs. Taxes are a requirement to fund a civilized society’s needs. It is patriotic to pay the lowest amount you legally owe.
For information that will help your family make better financial decisions, consider requesting our complimentary Weekly Wealth Report, which provides you with a short list of the items we are monitoring for families and guidance to help you live a life by design. Simple email your contact information to info@compasscapitalmgt.com. Be initiativetaking in planning your future and you will be better for it.
These are but a summary of the many provisions of the new tax law referred to as the “One Big Beautiful Bill.” It is vital that families take advantage of opportunities to reduce their income and estate tax burdens whenever possible.
ARE YOU MAKING THESE MISTAKES WITH YOUR estate plan?
Written by: Dr Alice M Ape, DDS & Mr Smithwick Ape
Imagine if your will began with the words, “To my beloved government, I bequeath…”
Nobody ever intends for their money to go to the government. Unfortunately, for many people, this is exactly what happens when they adopt a “DIY” approach to their estate plan Or, when they create a plan and then don’t think about it for years afterward Or when they have no estate plan at all
Estate planning is one of those areas of finance that seems like it should be simple. Thanks to the internet, it’s easy to get a lot of information very quickly about how to write a will. And it’s certainly not difficult to purchase life insurance. But a good estate plan one that doesn’t include the government as a beneficiary involves so much more If anything, the internet has made it easier to overlook key details Details that can cause your estate to pay unnecessary taxes, high fees, or distribute the wrong assets to the wrong people at the wrong time.
In other words, it’s easier than ever to make mistakes that could derail your estate plan. Here are some of the ones I see “Do It Yourselfers” make the most often:
Out-of-date wills and trusts. Many wills and trusts are missing key details because they have not been updated Others are likely to contain language that does not allow a couple to take full advantage of certain regulations This may result in unnecessary taxation. It can also lead to loved ones not receiving what you intended.
Family additions, deaths, and divorce not accounted for in outof-date plans. The most striking example I have seen was the couple, both with prior marriages and one with children from a first marriage, who adopted an infant Their old will left their entire estate to the older children with no mention of support for the adopted child!
Improper powers of attorney. The longer people live, the more likely they are to need help with decision-making in their twilight years. That
increases the risk of court-ordered guardianship if no proper powers of attorney have been settled. Power of attorney allows a person of your choosing to step into your shoes and make decisions regarding your health. For example, what kind of care you need, who will provide it, where you will be treated, and how it will be paid for. A power of attorney for financial management will allow your chosen person to make property and disposition decisions for you, access your retirement accounts foryour expenses, file your tax returns, and make estate planning decisions, including gifts
Improper beneficiary designations. This doesn’t just apply to your will It applies to life insurance policies, annuities, and retirement accounts, too. Any confusion in this area can quickly lead to chaos. For example, take a spouse who has had multiple jobs, retirement accounts, and marriages. If that spouse dies, leaving various accounts to an ex-spouse, their estate will be taxed for the transfer. To add insult to injury, the tax in many cases will be paid from the current spouse’s inheritance An updated Will does nothing in this scenario
Poor choice of executor. Choosing an executor for your estate can be stressful
There are so many potential pitfalls! Sometimes, nobody wants to be an executor. Other times, the wrong person wants to be named. If you have any fears that the person you have chosen does not have the patience or diligence needed for the job, then it may be wise to pick someone else. Furthermore, people who are in an uncertain financial situation of their own are also best avoided. (Think debts, liens, poor credit history, a history of bankruptcy, judgments against them, etc )
As you can see, there are many easy-tomake mistakes with your estate plan. Any of these can lead to major, and often lasting, consequences. But the good news is that it’s equally easy to avoid these mistakes. All you need is a little help. The process does not take long at all. The confidence that comes from it can last a lifetime.
Q&Awith
trusted,localattorne y
Danielle Layden Danielle Layden
What’s the biggest mistake you see families make?
“Not having a written plan or having an outdated plan.
I regularly see families assume ‘Everything will automatically go to my spouse’ or ‘My kids will just work it out.’ Unfortunately, without proper planning:
Assets may have to go through probate. Minor children may require court-appointed guardians.
Family disagreements can escalate quickly. Old beneficiary designations can override your will or intentions
The emotional and financial cost of not planning is almost always higher than the cost of putting a proper plan in place”
Q: HOW DO I KNOW WHEN I NEED A FINANCIAL ADVISOR?
A: YOU MAY BENEFIT FROM WORKING WITH A FINANCIAL ADVISOR ANYTIME YOUR FINANCIAL DECISIONS FEEL COMPLEX, UNCERTAIN, OR HIGH-IMPACT. COMMON REASONS CLIENTS SEEK ADVICE INCLUDE:
EXPERIENCING A MAJOR LIFE CHANGE SUCH AS MARRIAGE, DIVORCE, A CAREER TRANSITION, INHERITANCE, OR RETIREMENT
EARNING MORE INCOME BUT WANTING TO BE MORE INTENTIONAL WITH SAVING, INVESTING, AND TAX PLANNING
FEELING UNSURE ABOUT INVESTMENT DECISIONS OR LONG-TERM PLANNING
WANTING A COORDINATED STRATEGY RATHER THAN MANAGING FINANCES IN PIECES
PREFERRING PROFESSIONAL GUIDANCE, ACCOUNTABILITY, AND CLARITY
Q: WHAT QUESTIONS SHOULD I ASK WHEN LOOKING FOR
FINANCIAL ADVISOR?
A: HELPFUL QUESTIONS TO ASK INCLUDE: ARE YOU A FIDUCIARY AT ALL TIMES?
HOW ARE YOU COMPENSATED, AND WHAT FEES SHOULD I EXPECT? WHAT CREDENTIALS AND LICENSES DO YOU HOLD?
WHAT TYPES OF CLIENTS DO YOU TYPICALLY WORK WITH?
HOW DO YOU INTEGRATE INVESTMENT MANAGEMENT, TAX PLANNING, AND FINANCIAL PLANNING?
HOW OFTEN WILL WE COMMUNICATE, AND IN WHAT WAYS? WHO WILL BE INVOLVED IN SERVICING MY ACCOUNT?
COMPASS CAPITAL MANAGEMENT’S TEAM-BASED STRUCTURE ALLOWS US TO: SERVE CLIENTS AT VARIOUS LIFE STAGES SCALE SERVICES APPROPRIATELY AS NEEDS EVOLVE PROVIDE EXPERTISE ACROSS INVESTMENTS, TAXES, RETIREMENT, AND PLANNING
Q: WHAT HAPPENS IF MY ADVISOR IS UNAVAILABLE?
A: OUR FIRM IS INTENTIONALLY STRUCTURED AROUND A TEAM-BASED APPROACH TO ENSURE CONSISTENT SERVICE AND CONTINUITY. EACH CLIENT BENEFITS FROM: A COLLABORATIVE TEAM OF ADVISORS, PARAPLANNERS, AND LICENSED PROFESSIONALS DOCUMENTED PLANS, GOALS, AND PREFERENCES ACCESSIBLE TO THE TEAM PROMPT SERVICE EVEN IF ONE TEAM MEMBER IS UNAVAILABLE SEAMLESS SUPPORT WITHOUT DISRUPTION OR DELAYS THIS APPROACH ALLOWS US TO DELIVER SPECIALIZED EXPERTISE AND RESPONSIVE SERVICE SO YOUR FINANCIAL NEEDS ARE ALWAYS SUPPORTED.
wwwcompasscapitalmgtcom
mad lib
Instructions: Don’t read ahead!
Fill in the blanks first, then enjoy the chaos.
WORD BANK:
THE STORY:
At Wealth Management, we specialize in your so you don’t have to
Before working with us, many clients describe their finances as , often involving spreadsheets, zero confidence, and far too many .
After one meeting, our advisors who may resemble create a personalized plan designed to your money and protect your
Clients are often shocked when they realize they’ve their way toward goals like a , early retirement, or finally understanding their
The result? Pure No more guessing, no more stress, and no more financial decisions made after watching the news
So if your current plan feels
to
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HOW TO
USE YOUR TSP ACCOUNT TO YOUR ADVANTAGE USE YOUR TSP ACCOUNT TO YOUR ADVANTAGE
By:JimmyJ Williams,CPA/PFS,CFP®
If you work with the federal government, you should be aware of the Thrift Savings Plan (TSP) which allows employees to save for their future. The TSP is similar to a 401(k) plan for private entities Plan administration for each of these two types of plans is similar Employees defer a portion of their compensation each pay period, the employer contributes a matching amount and the employee selects where the money is to be invested The employee/participant of the plan has all the responsibility for their future needs by investing appropriately during their career
The TSP is a very inexpensive plan for employees to invest their money The plan provides the opportunity to pick your own types of investment options that represent certain types of stocks or bonds For example, you may elect to invest in the C Fund, S Fund, G Fund, I Fund or F Fund Unless you are a participant in the TSP these fund names may not make sense to you To explain, the C Fund is a proxy mutual fund that attempts to replicate a Common Stock Index. The goal of this fund is to match the performance of the S & P 500 Index Likewise, the other funds listed proxy their respective indexes or invest in short-term government bonds such as the G Fund.
Another style of investing allowed by the TSP is Lifecycle Funds Think of these funds like TargetDate Funds to provide you with an allocation of the mutual funds mentioned above in order to reach your desired retirement date For example, the L 2045 Fund will invest your payroll deferrals in a manner to allow you to reach your goal for retiring in 2045 Typically, the Lifecycle Funds start with the year 2030 and end in 2075 with five-year increments between the beginning year and ending year (i e , 2030, 2035, 2040, etc )
The fund offerings within the TSP are some of the lowest expense ratio funds in the marketplace This makes these funds very suitable for individuals who wish to save for their future
One of the challenges for the TSP is the distribution phase of retirement. Typically, the plan does not offer individualized advice with local advisors that specialize in comprehensive planning for your family. Most often the TSP will desire to hold your funds during retirement but does not perform as well by providing you with someone, in person, who specializes in the needs of families.
To facilitate greater control of your future, it is often better for a TSP participant to perform a tax-free rollover to an Individual Retirement Account (IRA) This is the option that provides you with greater diversification of investment choices, more control over your account and opportunities to plan for cash flow needs by working with a CERTIFIED FINANCIAL PLANNER® professional who truly knows your family’s needs, desires, and risk tolerance.
Think about the impact on your family should the unexpected occur. As an unplanned event, would your family members know who to call? Would they receive the personalized support your family deserves during times of life disruption? It is critical that you set your family up for success by making good decisions during accumulation of your retirement and even more so when you are in the distribution phase of life If you would like a second opinion of your TSP Account and how you may seek additional opportunities to support your family, contact a CERTIFIED FINANCIAL PLANNER® professional for a complimentary consultation
BEYOND BEYOND THE PAGES THE PAGES
