We are a fee-based firm. Fees are based on assets under management. The cost of the planning process and ongoing analysis is built into the fee. The fee has two components advisory fees and portfolio management fees. The advisory fees range between .25% -.75%, while portfolio management fees are a flat rate of .75%. Tax preparation fees are billed separately through Robinson Tax Services.
NO! We are not affiliated or officially endorsed by any PBA or state agency, including the New York State and Local Retirement System or the New York State Deferred Compensation Plan. While we proudly support the work of these agencies, our business comes through referrals. We are an independent Registered Investment Adviser, focused solely on the members of the New York State Police and Fire Retirement System.
Yes! We have the technology to work with anyone in the state or country. Many retirees do not stay in New York, so we regularly conduct meetings everywhere, including New York, Florida, and even as far as California. Don't let where you live now or where you plan to live in the future be a hindrance to your decision to work with us.
COVID has changed how we travel. We know many of you are retiring. While travel is currently limited, we have invested heavily in virtual technology. If you would like to attend a virtual retirement class, let us know by visiting the "contact us" page.
Ideally three years out. Between catch-up options in the New York State Deferred Compensation Plan, and maximizing your benefits and New York State Retirement System Option, time is of the essence. DONT LET THE 20 YEAR ITCH SCRATCH AWAY YOUR BENEFITS!
You may choose to receive it outright as income or transfer it to a qualified retirement plan or a combination of your choosing. This is not a decision to make lightly. Do your homework before pulling the trigger on a Partial Lump Sum.
You can get a pension estimate from the New York State Retirement System website or you can get one from us. We've developed our own partial lump-sum calculator and have access to the same retirement website you do.