Services We Offer to Illinois Teachers
Free Pension Review
If you’re a teacher in Illinois, the unfortunate truth is that your state-run pension plan is largely underfunded. At Appreciation Financial we’ll review your pension for free and help you answer these questions:
- When should you start your pension?
- Should you take your pension as an annuity or a lump sum?
- If you leave early, can you take a partial employer contribution with you?
- How do your benefits accrue over time?
- What type of survivor option should you choose?
- Where else should you be investing in order to build a secure financial future?
Planning for retirement can be a confusing process. So let our field agents in Illinois leverage their existing knowledge and extensive training to ensure your family’s needs are uniquely addressed with your retirement plan. We’ll provide you with a personalized analysis of your portfolio and advise you on the best ways to invest for a successful retirement.
403(b) Investment Advice
As government funding of teacher pension plans decreases, investing in a 403(b) has become one of the best ways for teachers to save for their retirement. Like most retirement income options, there are numerous 403(b) plans out there, and selecting the right one can be difficult. Our experts can help you find a plan that will allow your money to grow for the future you imagine.
Living Benefit Life Insurance
An often overlooked aspect of retirement planning is the potential expense of long-term care. In the event that long-term care is necessary and your medical bills increase as you age, it’s important to have a plan in place that will help you cover those costs. At Appreciation Financial, we often recommend a living benefit life insurance that allows the policyholder to access advanced payments should they need immediate help covering the cost of medical expenses or long-term care.
If you want to plan for a successful retirement, debt elimination is key. If you’re a teacher or public servant with student loans or other debt, Appreciation Financial is here to help you get free. We’ve partnered with the debt reduction experts at MPowering America who have helped thousands of people cancel millions of dollars in debt and interest. They’ll help you determine your best options for getting out of debt and if you qualify for the teacher loan forgiveness program.
As financial advisors to teachers, it’s only fitting that one of our core values at Appreciation Financial is knowledge. That’s why we’ve partnered with Encompass in order to offer our clients access to their online Financial Wellness Center. Take control of your financial future with educational videos and articles, planning calculators, and other retirement management tools.