When we pointed out that they were going to just give the Retirement Administrator more of their Retirement Income than necessary, they became very interested in getting a quote for the Pension Maximization Plan.  We’ve been extremely busy the last several weeks doing quotes for folks who plan to retire in the next 6 months to a year.

After all, it is Your Retirement Check we’re speaking about.  Our typical Pension Maximization case puts an additional $250 per month Retirement Income into their hands. 

Getting a quote is easy. 

Call us 800-562-8019

Email:  jthartline@gmail.com

I received a request for information form from a gentleman on a Friday.  I waited over the weekend and until Tuesday to contact him.  That day happened to be the last day of the month and, as it turns out, had been his last day of working for the state government.  He was officially retired on that day.

Yes, of course….he had already made his choices and (Yes) had chosen the Survivor option.  Understand – we don’t think it’s wrong that he did that; in fact, it’s natural to want to provide for your beneficiary after your death, and the Joint & Survivor Option certainly does that.

We just think you should know that you’re buying insurance (from the state retirement system) and that you “might” just want to shop around for that insurance.

In this man’s case, he will pay the State of NC Retirement System $190 a month more than what we could have provided that beneficiary benefit for.

What happens if his wife dies before he does?  Well, he has to continue to receive that lower monthly benefit (continue to pay the state’s “insurance” premium).

Had he enrolled in the Pension Maximization Plan and his wife died before him, he just stops making the plan’s premium payment…and continues to receive the Maximum Payout Option Payment (and the cost-of-living-increases).

One more advantage his wife would have had with our plan:  if the husband dies first and she begins to receive the plan’s monthly benefit payments…they are considered death benefits from an insurance policy and are not taxable income.

When you check with the state’s Orbit website for your retirement benefit payout options, you should then go to our site to read more about the Pension Maximization Plan.

You should ask for current status of your plan, and do some serious planning now.  This economy is causing every budget item to be scrutinized.  We can help you maximize your retirement income with our Pension Maximization plan.

Retirees are choosing a Survivor Payout Option which is costing them retirement income. Once they make the choice and start receiving payments, it’s too late to turn back and get Pension Maximization.

We are urging every NC teacher, NC state employee, NC law enforcement patrolman, NC Department of Transportation employee, all NC Public Service employees to visit our website, read about the Pension Maximization Plan, and contact us for a quote.

Most people choose the joint life option payout, many times making a mistake in doing so. The joint payout amount is much less than the single life payment.
A much better idea would be to participate in our Pension Maximization Plan, which allows you to choose the Maximum Payment Option and still provide benefits to your beneficiaries.

Complete our Request More Information Page or call us for complete details: 800-562-8019

Second, you have a life insurance policy that will give your spouse financial protection in the form of a lifelong income stream.

Third, if your spouse dies before you, you still have the maximum pension. 

Fourth, there’s a lot of uncertainty today about the health of state and local pension funds. The less you have to worry about that subject, the better.

How would you pay for this new insurance policy? Well, it may be easier than you think. If you select a single life pension, the extra money you receive by not choosing the joint life payout option should pay the monthly premium.

• Need your date of birth; and
• Beneficiary date of birth; and
• Estimated date of Retirement; and
• # Years of Service; and
• Ending Average Compensation (highest 4 consecutive years);…

Estimator also asks for your estimated Social Security earnings at retirement and accumulated Sick Leave, but those are not that important.

The estimator will then give you back:

1. The Maximum Monthly Amount;
2. 100% Survivorship (the one most people choose)
3. 50% Survivorship (sometimes chosen)
4. Four ‘other’ options: 1 of which is sometimes chosen

Our Pension Maximization plan says:

The difference between Maximum Monthly Amount and the 100% Survivorship is really a monthly “insurance premium” and you are buying “insurance” from the state that will continue to pay your beneficiary if you die before them.

There is absolutely nothing wrong with wanting that pension income to continue if you die before your beneficiary.  But, shouldn’t you “shop around” for that insurance instead of just blindly buying it from the state?  Believe us:  the state’s plans are very very expensive, and not very competitive.

We can do better!!  Our plan is much less expensive.  With our plan, you choose the Maximum Monthly Amount and Buy your own insurance yourself, and end up with more monthly income while still providing lifetime benefits to your beneficiary.

Don’t make the mistake so many make.

Make an informed decision.  Complete our Request Form for a no-obligation quote.  Or call us in Statesville, NC  800-562-8019

The NC State Retirement System offers several “Joint & Survivor” options, but the reduction they take from my monthly check is outrageously high – as much as 50% ! 

The ‘Pension Maximization’ concept is available where retirees can choose the Single Life payout option (the highest monthly amount) and still provide a lifetime of monthly income payments to their beneficiary.

It’s easy to decide if the plan would work for you:  just complete the Request form here.

In most every situation, the plan provides lifetime income to beneficiaries at a cost to you less than what the NC State Retirement System charges.  It’s a way you can make a very wise economic decision for yourself and your family.

We can show you options and provide quotes:

www.maxpensionplan.com

From all over the country come reports that Defined Benefit Pension Funds are showing signs of trouble and already are starting to scale back benefit payments…and some are even changing benefit payout details for people who are about to retire. 

This is from an article in a Pennsylvania newspaper:  “Pennsylvania is looking at a multi-billion dollar unfunded liability in its pension systems. To help avert a pension crisis, it was necessary to restructure the plan for future employees. This involved changing contribution rates, extending the time it takes for a new employee to become vested, increasing the retirement age and eliminating the lump sum payout option.”
Maybe you should start paying closer attention to what your retirement system is doing, and more importantly:  How They Are Doing Economically.

Pension payout choices are more important than ever.  Make an informed decision.

We can help you with ideas about Maximizing Your Pension Payout.

www.maxpensionplan.com