Page 28 - The Informed Fed--Hearn Wealth Management

The length of your career

TSP performance
And many more beyond this small sampling.

Do you have a water cooler advisor? Have your benefit decisions
been influenced by the water cooler round table? We spoke about this

earlier so we will continue with a typical scenario that we often see. Harry
is our water cooler advisor. But who is Harry? Is he CSRS or FERS?
What license, certification or financial advisor education does Harry

discussions be better left for a qualified professional? Harry is well

meaning, but whether he realizes it or not, his advice can be very
confusing and, ultimately, a danger for the recipient of the advice. Unless
Harry is a financial advisor or an expert employee in the personnel
department, proceed with caution. Of course,

all
and priorities while we continue to seek out a better understanding of

and Retirement plans:
: We accumulate the most assets in our

earning years. This is when we are working full-time, building our
nest egg, investing, putting money in our TSP and/or IRA

accounts and trying our best to reduce or eliminate debt.
: As retirement draws near, we focus less on
accumulation and more on preservation taking fewer risks with

indexed annuities and other safe investments.
: After accumulation and protection, we

start thinking about distribution. How will we convert our
pensions, TSP, IRAs and other assets into lifetime income? What
phase are you in? What risks are you taking with your money?

Are you seeking out distribution friendly investments? We will
get into more detail regarding the subject of accumulation,

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