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Phoenix Union High School District Retirement WorkshopSTEVE JAMES
NICK HILEMAN
ASRS Facts403b Special PayHow can we help?What to do Next
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%
What does that mean to me?
No more ASRS Contribution 11.6%
No more FICA 7.65
No longer deferring income to retirement accounts
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
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
ASRS Investment Allocations
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
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
Retirement Planning
Who are we?
Independent Advice
Social Security Analysis
What’s your next step?
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.
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.