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NYS PENSION MAXIMIZATION

THE SOLUTION THAT EMPOWERS YOU TO TAKE THE FULL PENSION PAYOUT YOU EARNED, WHILE ALLOWING YOU TO PROTECT THOSE YOU LOVE. 
(THE “HAVE YOUR CAKE AND EAT IT TOO” OF THE PENSION WORLD)

MOST COMMON NYS PENSION PAYOUT OPTIONS

46%

CHOOSE THE SINGLE LIFE ALLOWANCE OPTION

21%

CHOOSE THE POP-UP FULL OPTION

12%

CHOOSE THE JOINT
ALLOWANCE - FULL OPTION

21%

CHOOSE OTHER PENSION PAYOUT OPTIONS
Source: 2019 Comprehensive Annual Financial Report
The Pension Maximization Strategy allows eligible New York State pension holders to take the “Single Life Allowance” (your maximum available pension payout option) and still provide financial security to their spouses, children, grandchildren, and other loved ones.

Be Ready To Choose Your Best Pension Option

Many New York State Pension Holders Have To Ask Themselves Two Questions

01

Should I Take The Maximum Available Payout Option (Single Life Allowance) And Leave My Spouse And Family With Nothing After I'm Gone?

02

Should I Give Up An Estimated 10-15% Of My Pension (Annually) With 1 Beneficiary (Usually a Spouse), And Leave The Rest With NYS After We're Gone?

Discover How Pension Maximization Works

What If You Could Choose The Maximum Pension Payout Option That's Available To You, And Still Protect Your Spouse And Family When You're Gone? Know All The Steps Involved When Implementing The Pension Maximization Strategy To Your NYS Pension.

HOW SOON SHOULD YOU START THINKING ABOUT MAXIMIZING YOUR NEW YORK STATE PENSION?


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 within the
context of a comprehensive plan.
Don't Settle For Reducing Your Pension To Protect Your Loved Ones
When it’s time to make a pension payout decision, many people unknowingly choose an option that could cost them and their family hundreds, of thousands, of dollars in the long term. We can connect you with local pension advisors to help you choose an option you won’t regret.
MAXIMIZE
Your pension will likely be the financial engine for your retirement. Has there ever been a better financial tool? A pension can be the golden goose that keeps on laying golden eggs, for the rest of your life. Let’s stick with this fictitious analogy for a minute. If you had a golden goose that laid golden eggs wouldn’t you want to protect it? Wouldn’t you want to make sure you cared for it and maximized its potential for the size of the eggs laid? Wouldn’t you want to make sure that your spouse, children, and/or other loved ones benefited from this magical golden goose? 

 Although fictitious, you should ask yourself these same questions about your NYS pension. Your pension can send you monthly checks for the rest of your life. Would it be worth your time to make sure you maximize it?

PROTECT
You will be faced with a very important decision as you put in your final paperwork for your retirement. You will need to decide to either take my full pension which will go away if I die? Or will I take a significant reduction in my monthly payment to protect a loved one, typically a spouse? Not protecting your loved ones is likely not an option. Fortunately, whether you will protect or not protect is not the difficult question. The difficult question is how you will protect them. We say difficult, not because it will be a hard choice, but simply because it takes some time to get educated. 

 This website is designed to give you significant information about your pension options and ways to protect it through your employer and through private options. NYSTRS says it directly on their website, your private options for protecting your loved ones may be more advantageous than the public options. In our experience, the choice you make will have implications to the tune of hundreds of thousands of dollars. The question is whose pocket will that money reside in? Yours, or your employers pension plan?

PROSPER
What if you could retain an extra 10-15% of your pension each year on your personal balance sheet? Would that allow you to enjoy your retirement even more? What if you could leverage dollars that otherwise would have gone back to NYS or your private pension plan to help provide for a long-term care or critical illness in the future, would that give you further peace of mind? What if you could enjoy your maximum pension and when you and your spouse are gone, you could pass on a tax free death benefit to your children or grandchildren, would that be a nice legacy to leave? 

 These are just some of the benefits of a pension max strategy. We are not here to say that the pension max is better or worse than taking one of your pension reductions. We are simply saying that getting educated can make a world of difference in your life and the lives of the ones you love.

LEARN MORE ABOUT PENSION MAXIMIZATION

TAKE THE PENSION MAX QUIZ
Our quiz allows you to see if you would qualify for to maximize your pension. Take it today to see if it's the right strategy for your retirement plan.
GO TO QUIZ
KNOW THE BENEFITS OF PENSION MAX
There are many benefits to the Pension Maximization Strategy for qualifying pension holders. Learn how it expands your retirement plan opportunities.
DISCOVER BENEFITS
SEE WHEN PENSION MAX ISN'T FOR YOU
Pension Maximization is not the right strategy for all NYS pension holders. Find out when this may not be a fit for your retirement plan.
WHEN PENSION MAX ISN'T RIGHT FOR YOU

LET'S MAKE SURE YOU MAKE A CONFIDENT PENSION DECISION

We Will Help You Every Step Of The Way. Schedule An Appointment Today

Pension Max can connect you with a local advisor that is skilled in helping employees who participate in the NYS Retirement System. 

pensionmaxofficial@gmail.com

 

BOOK APPOINTMENT


Pension Max does not provide tax, legal or financial advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or financial advice. You should consult your own tax, legal and financial advisors before engaging in any transaction.
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