Northwest Financial LLC

FERS

The Federal Employees Retirement System (FERS) helps to provide financial security for you and your family when you retire from Federal Service. FERS is a three-tiered retirement plan to help you meet your retirement goal. The three components that make up the plan are:

Social Security Benefits

Basic Benefit Plan

Thrift Savings Plan

The FERS system is set up so that you pay full Social Security taxes and a small contribution to the Basic Benefit Plan. Your agency contributes an amount equal to 1% of your basic pay each pay period into your Thrift Savings Plan (TSP) account. You can also make tax-deferred contributions to the TSP. A portion of the TSP is matched by the government. FERS can help give you a strong financial foundation for your retirement years.

The FERS and CSRS offer different types of distribution. It's important to understand the tax consequences for you and your family. Northwest Financial LLC financial representatives understand the complexities of the FERS and CSRS programs and can help you make sound decisions so that these plans fit into your overall financial plan. (FERS is not offered through LPL Financial.) Contact us today for help in understanding FERS.

Access to securities and insurance products provided by Northwest Financial Group, a registered broker/dealer, member FINRA/SIPC. Northwest Financial Group is a subsidiary of Northwest Financial LLC, a wholly owned subsidiary of Northwest Federal Credit Union. Securities and insurance products are offered through LPL Financial and its affiliates, member FINRA/SIPC. LPL Financial has contracted Northwest Financial Group to refer securities and insurance business to LPL Financial. Northwest Financial LLC and Northwest Federal Credit Union are not registered broker/dealers and are not affiliated with LPL Financial. Not NCUA insured. No credit union guarantee. May lose value.

Loan protection and tax preparation services are not affiliated or endorsed by LPL Financial.

The LPL representatives associated with this site may only discuss and transact securities business to residents of the following states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, UT, VT, VA, WA, WV, WI.