Meet The Dillard’s
Who We Are And How We’re Different
We Provide Retirement StrategiesSteve and Teresa Dillard are Chartered Federal Employee Benefits Consultants with over 26 years of experience in the insurance and annuity business with civilian, military, postal and federal employees. We have over 4,000 clients and can proudly say that not one of them has ever lost money due to market risk through any of our programs. We are approved members of the national Ethics Bureau. We are also members of the Federal site www.myfederalretirement.com, which is utilized by thousands of federal workers for up-to-date information about retirement products and services.
Thrift Savings Plan:
What is the Thrift Savings Plan (TSP)?
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans.
The TSP is a defined contribution plan, meaning that the retirement income you receive from your TSP account will depend on how much you (and your agency, if you are eligible to receive agency contributions) put into your account during your working years and the earnings accumulated over that time.
Federal Government Pension Plan:
The federal government has create a defined benefit (annuity) retirement program for all CSRS, CSRS offset and FERS employees. This benefit is based on your high three years of service and the age you plan to retire from the federal government. It is also referred to as a basic benefit, basic annuity or pension. CSRS, CSRS offset and FERS contribute each pay period for this benefit and in the same cases it is matched by the government.
IRA – Roth & Traditional:
Deciding Which Is Better
Making the right choice can help you have a tax free retirement. We will show you how to pay taxes up front so you can get tax free payouts at retirement.
Social Security Analysis:
We can show you the best options for Social Security to get you a higher benefit payouts.
We’ll show you how and when to turn on your Social Security benefits.
Call today for your Social Security Analysis so you can get the most benefit and highest payout.
TSP Alternative:
Upon retirement separation or at 59 1/2 you can move your TSP dollars to strategies – while still earning an interest rate, income builders and in some cases you can receive a bonus up front.
Talk to us about which plan best suits your & your families needs.
FEGLI Analysis:
The Basic Coverage is the federal employees’ annual salary rounded up to the nearest $1,000 plus an additional $2,000.
The Extra Benefit is insurance protection in addition to the Basic Coverage. Is is identical to the Basic Coverage except at age 35 the Extra Benefit starts decreasing 10% each year until age 45. Although there is no cost for this benefit, coverage ceases once the federal employee has attained age 45.
Option A (Standard Optional Insurance)
Option A coverage is $10,000
Option B (Additional Optional Insurance)
Option B coverage comes in 1,2,3,4, or 5 multiples of your annual pay (after your pay has been rounded to the next higher thousand). It does not include the extra $2000 added for your Basic Insurance Amount. The employee pays for increases with age.
Option C (Family Optional Insurance)
Fixed Index Annuities:
Upon retirement separation or at 59 1/2 you can move your TSP dollars to a strategy – while still earning an interest rate, income builders and in some cases you can receive a bonus up front.
Talk to us about which plan best suits your & your families needs.
