All Posts By clientfocusedadvisors
pension option

What are Pension Options with the FDNY?

What is a Pension Option? Once you come to the end of your FDNY career you will be faced with a decision on what you will be receiving in retirement from the FDNY in the form of your pension.  The final pension option will be based a formula that will include but is not limited…
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taxes in retirement

What FDNY Firefighters Should Know About Taxes in Retirement

If you are a FDNY firefighter and are planning for retirement, this article may provide some helpful tax information to be aware of. I will go through and list some of the differences in taxation you will see as an active-duty firefighter compared to a retiree. The topics mentioned include the change in FICA taxation,…
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Inflation

How Does Inflation Affect Retirees with a Pension?

What is Inflation? Inflation is the decline of purchasing power of a given currency over time. It’s a quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some…
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maximize your pension

How to Maximize Your Pension

With over 225 FDNY members – as clients of our firm – we’ve been involved in the decision-making process regarding pension options at retirement quite often.  The pension is obviously a huge element of a firefighter’s retirement package and all too often a firefighter will wait until they retire to consider which pension option fits…
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Long Island Financial Advisors, Managing Your Wealth in New York

If you live on Long Island, you reside in one of the most expensive cities in the United States. In fact,  Long Island is the second most expensive place to live in the country. It costs an average of $100k a year just for a family of four to get by in Long Island. A…
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Huntington, NY Financial Advisor

If you live near or around New York’s Huntington beaches, you probably enjoy the scenery of this beautiful area. Both fishing and kayaking are popular forms of entertainment because of the many nearby beaches’ inviting nature. Still, since Hungtinton is so close to Manhattan and Long Island, it’s an ideal place to live, but not…
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long beach financial advisor

Financial Advisor in Long Beach, NY

If you plan on retiring in Long Beach, NY, you’ll need to be well-prepared. Long Beach, NY consistently ranks among the most expensive places to live in New York state and the country.  So, if you want to be ready to retire in Long Beach, NY, it would be best to prepare yourself for that…
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Financial Advisor in Greenwich, CT

Greenwich boasts of being listed as one of the best places to reside within the state of Connecticut. Also, Connecticut is consistently listed as one of the best states you can reside in across the United States. You might be considering moving out of the New York City area to go to a quieter area,…
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FDNY Retirement and Pension Plan, What You Need to Know

As a New York City firefighter, you are one of the few individuals left in the United States that can retire and receive a monthly pension sponsored by your employer. Still, you’ll need to know your retirement options since you’ll still have many choices while planning along the way. FDNY retirement pension plans allow you…
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NYPD Pension Plan, is it Enough?

Working as a New York City police officer means you are one part of one of the few groups left in America that will retire and be paid a monthly pension that your employer sponsors. While that’s great news for you, you’ll still need to comprehend your retirement options since there you’ll have plenty of…
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