Social Security & PERA
How PERA impacts your Social Security retirement benefit is a key question for many of our clients. Schedule a 20 minute phone consult to explore how the Windfall Elimination Provision will impact your retirement plan.
Tax Implications of PERA
Your PERA benefit will be taxed as earned income when it is paid out. Many of our clients have worked with Tyler to minimize the risk of rising taxes in the future by working to build up tax free money for retirement.
How can I Increase my PERA benefit?
There are strategies that may prove impactful for you to consider that will actually increase your annual income in retirement. Making key decisions on whether you request a single or joint payout has many important ramifications. Also, some workplaces may allow you to waive deductions on your health insurance, effectively increasing the average of your Highest Annual Salary (as well as your lifetime PERA benefit). Optimizing your fixed income is a key building block for a successful retirement plan. Check out our Wealth Clarity roadmap to see where you are at in your retirement planning journey!
