phoenix union high school district retirement workshop steve james nick hileman
TRANSCRIPT
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Phoenix Union High School District Retirement WorkshopSTEVE JAMES
NICK HILEMAN
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ASRS Facts403b Special PayHow can we help?What to do Next
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ASRS
80 Points
Age plus years of service
Retirement formula
Average annual salary * Years of service * Multiplier
0-19.9 = 2.1%
20- 24.9 = 2.15%
25- 29.9 = 2.2%
30+ = 2.3%
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What does that mean to me?
No more ASRS Contribution 11.6%
No more FICA 7.65
No longer deferring income to retirement accounts
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30 Years of Service 69% of Gross Income
What About Net Income
Add in ASRS
80.6%
Add in FICA
88.25%
Add In Retirement Savings %
93.25%
State and Federal Income Tax
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ASRS Options at Retirement
Straight Life Annuity
Life Annuity 5 Year Certain
Life Annuity 10 Year Certain
Life Annuity 15 Year Certain
Joint and Survivor 100%
Joint and Survivor 66 2/3%
Joint and Survivor 50%
Partial Lump Sum
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ASRS Investment Allocations
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Investment Returns
1 Year 3 Year 5 Year 10 Year Inception
ASRS Total Fund
18.6% 10.8% 14.2% 7.5% 10.1%
The ASRS total fund returns for the fiscal year ending June 30, 2014
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403b Special Pay PlanWhat is it?
Avoid FICA (district and employee)
Manage and control tax liability
Access to your money
No sales charges or penalties
Wide choice of investment options
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Retirement Planning
Who are we?
Independent Advice
Social Security Analysis
What’s your next step?
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11Need Help?
Make an appointment to determine:
How much will I need to live on?
Do I have enough saved?
How do I turn my savings into income?
We’ll build a plan together to help you create the income you’ll need to last a lifetime.
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Registered RepresentativeSecurities offered through Cambridge Investment Research, Inc.
a Registered Broker/Dealer, Member FINRA/SIPC.Investment Advisor Representative
Cambridge Investment Research Advisors, Inc.a Registered Investment Advisor
Cambridge and Przewlocki James are not affiliated.