Your NYS Pension
is likely to be your most valuable retirement asset. The best time to learn about pension maximization
was yesterday, but short of that, the best day is today. The earlier you learn about this strategy, the more options you may have available to you. Many NYS pension holders will retire and find out about maximizing their pension after they retire.
The good news is that you have 30 days after you have submitted your final retirement paperwork with your pension election to change your option. This means right up until that time, pension maximization could be a great option for you. If you have in fact already retired, and are no longer eligible to change your pension option, there are still planning opportunities available to you as a NYS retiree that you should know about.
Though your pension is likely the lead character in your financial play, there are many supporting cast members. You have your NYS deferred compensation or 403(b) or other qualified retirement plans. You have phenomenal health and wellness benefits. You likely have mortgages and other debt instruments. Perhaps you have children or grandchildren you would like to help with education expenses.
You may not realize it but all of these other financial resources and obligations should play into your planning regarding which pension option you take. Many Financial Advisors are not well versed in the nuances of the NYS pension benefits and miss key opportunities that are available to you. We can help pair you with a Financial Advisor who has experience maximizing NYS pensions
context of a comprehensive plan.