401A Plans

---

At First Financial Services, we specialize in providing expert guidance and support for your 401A retirement plan. As a member of the Florida Retirement System (FRS), you have access to this valuable defined contribution plan, which allows both you and your employer to contribute towards your retirement savings. Our dedicated financial advisors are well-versed in the intricacies of the 401A plan and can assist you in optimizing your contributions and investment choices. Whether you're just starting to contribute to your 401A or nearing retirement, we're here to help you make the most of this important retirement benefit.

Understanding the 401A Retirement Plan

The 401A retirement plan is a type of defined contribution plan that allows both you and your employer to contribute towards your retirement savings. These contributions, often made on a pre-tax basis, grow tax-deferred until withdrawn during retirement. The 401A plan is a powerful tool that empowers you to take control of your financial future and build a substantial nest egg to support your post-career years.

Why Choose the 401A Plan?

The 401A retirement plan offers numerous benefits, making it an attractive choice for many retirement-age professionals:

1. Tax Advantages: Contributions to your 401A plan are typically made on a pre-tax basis, reducing your current taxable income. This not only lowers your current tax burden but also allows your contributions to grow tax-deferred until withdrawal.
2. Employer Contributions: Many employers, including those within the Florida Retirement System, offer matching contributions to the 401A plan. This "free money" from your employer can significantly boost your retirement savings over time.
3. Investment Flexibility: Within the 401A plan, you have the freedom to choose from a range of investment options, tailoring your portfolio to align with your risk tolerance and retirement goals.
4. Portability: If you change employers, you can often roll over your 401A funds into another eligible retirement account, preserving the tax-advantaged status of your savings.
5. Retirement Readiness: The 401A plan allows you to take an active role in preparing for retirement. By contributing consistently and strategically, you can enhance your financial readiness for your golden years.

Navigating Your 401A Plan with First Retirement Services

At First Retirement Services, we understand that navigating the complexities of retirement planning can be overwhelming. Our team of seasoned financial advisors specializes in serving professionals like you, who have dedicated their careers to serving their communities. Here's how we can assist you in making the most of your 401A retirement plan:

1. Personalized Contribution Strategies: We work closely with you to assess your financial situation, retirement goals, and risk tolerance. Based on this analysis, we recommend personalized contribution strategies that align with your aspirations.
2. Investment Portfolio Management: Our expert investment consultants help you build a diversified investment portfolio within your 401A plan. We consider your risk tolerance, time horizon, and long-term objectives to optimize your investments for growth.
3. Retirement Readiness Assessment: We evaluate your retirement readiness by conducting a comprehensive analysis of your 401A plan and other potential income sources. This assessment ensures that you're on track to meet your retirement goals.
4. Annual Reviews and Adjustments: Retirement planning is an ongoing process. We conduct regular reviews of your 401A account, making any necessary adjustments to your plan to keep it aligned with your evolving needs.

Why First Retirement Services is Your Ideal Partner

Choosing First Retirement Services for your 401A plan guidance means partnering with a team that is dedicated to your financial success and well-being. Here's why we stand out as your preferred retirement planning partner:

1. Expertise: Our financial advisors possess in-depth knowledge of the 401A retirement plan, FRS benefits, and the unique challenges faced by professionals in your field.
2. Customized Approach: We understand that every individual's financial situation is unique. Our personalized approach ensures that your retirement plan reflects your specific goals and dreams.
3. Comprehensive Services: From investment consulting and account management to retirement analysis and tax-efficient strategies, our services encompass every aspect of retirement planning.
4. Client-Centric Focus: Your financial well-being is at the heart of everything we do. We are dedicated to providing you with tailored solutions and support at every step of your retirement journey.