By combining a wide range of financial solutions and services with our time-tested investment advice, we believe our expertise can guide U.T. M.D. Anderson Cancer Center’s professionals toward making well-informed decisions to support and maximize their efforts in working toward future goals.
As you may know, there is a wide array of retirement and annuity plans at your disposal; however, we typically see clients use the 403(b) plan and/or the 457(b) plan. Sometimes referred to as a tax-sheltered annuity plan, a 403(b) retirement plan allows you to invest in either annuities or mutual funds in an effort to build your retirement fund, in addition to the benefit of making age-related catch-up contributions. Defined contribution retirement plans, or 457(b) plans, also allow you to play “catch-up” on your retirement savings – much like the 403(b) plan. If you are nearing retirement, you have the option to compensate for the years in which you didn’t contribute to your plan, though you were eligible to do so. Pension plans, such as the, Teacher Retirement System of Texas (TRS) often make up a portion of our clients’ retirement portfolio. When you started working at M.D. Anderson, you were most likely enrolled in the TRS. You may have been given the option to participate in TRS or opt out and have the contributions go to the Optional Retirement Plan (ORP). ORP contributions are invested through a 403(b) retirement plan, similar to the other voluntary plans at M.D. Anderson. We help TRS participants understand how their pension plan works and ORP participants manage their investments in their plan. Our knowledge of these plans – including their tax advantages and early-withdrawal options – allows us to help you make the most of your path toward retirement.
Many clients look for a way to save outside of their workplace retirement plan. In most cases, this means opening or owning an IRA or Roth IRA. We have a variety of strategies for those looking to invest outside of their workplace retirement savings or have changed employers and want to move their 403(b), 457(b) or 401(k) to an IRA or Roth IRA. LifeBridge Financial Group’s retirement savings services are specific to only our clients, and are designed to allow you to identify your specific retirement goals and develop a plan to help you achieve them. We assist many of the women of the MD Anderson community in managing all aspects of their transition from working to retirement, such as balancing the need for a predictable cash flow and their desire to leave a legacy. Our clients also have the flexibility to adjust their plans as necessary to financially support their desired pre- and post- retirement lifestyle.
When you work with our team, you’ll not only get our time, but you’ll also get access to our knowledge from the advanced education we've dedicated time to, the certifications we've earned, the continuing education we maintain, and the experience we have from collaborating with a variety of financial professionals. This allows our advisors to help you avoid common mistakes – overly emotional decisions, a short-term focus, an absence of clear goals, etc. – that they’ve seen so many other investors make. Our financial planning expertise is geared toward matching your portfolio and savings strategies to your goals- and only your goals. We fully understand how important your career and your loved ones are to you, and we’ll strive to make sure you’re confident about your ability to retire and live well.
We want to make sure we can offer clients everything they need when it comes to their personal money matters. That’s why we provide insurance solutions where necessary. Our insurance offerings include life insurance, long-term care insurance, disability insurance, health insurance and property and casualty insurance. In the case of our property and casualty insurance offering, we’re able to shop a variety of companies to see if you’re getting the best rate. This could free up cash flow for other financial goals.
Whether you’re financing home repairs, looking forward to next year’s vacation, or changing employers, it’s likely that your future will hold both opportunities and drawbacks. As these needs and challenges arise, we will be here to provide you with well-informed guidance so as to ease the burden of these decisions.
Navigating the ins and outs of Social Security can be confusing. Luckily, we're here to help. This Ebook has the tools you need to get started developing your Social Security strategy.