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.