In this video, Ryan Earley breaks down what to do with a taxable brokerage account at retirement, comparing the tax and legacy benefits of keeping it invested versus withdrawing for income. He explains key IRS and Mississippi rules, plus how brokerage income can affect ACA credits, Medicare premiums, and Social Security taxes.

In this video, Ryan Earley explains the key Roth IRA decisions Mississippi PERS retirees face at retirement, including tax-free growth, withdrawal rules, penalties, and legacy planning. Through real-world case studies, he shows how to protect benefits, avoid costly mistakes, and make smarter retirement choices.

In this video, Ryan Earley breaks down the four main choices for a traditional IRA at retirement: leave it, withdraw from it, roll it over or convert to Roth, or use it to buy PERS service credit. He explains the tax rules, penalties, RMDs, and real-world scenarios so PERS members can make smarter, more confident retirement decisions.

In this video, Ryan Earley explains the four main options for a company 401(k) at retirement: leave it in the plan, take distributions, roll it over, or use it to buy PERS service credit. He breaks down the tax rules, penalties, pros and cons, and real-life retirement examples so PERS members can make smarter, more confident decisions.

In this video Ryan Earley explains how Mississippi public employees with out-of-state 401(a) plans can unlock hidden retirement leverage. He breaks down five strategic options, including rollovers, annuities, and service credit purchases, so you can maximize taxes, benefits, and long-term income.

In this video, Ryan Earley, a financial planner and host of the PERS Pro YouTube channel, explores the five major options for PERS retirees with their 403(b) plans. He discusses the pros and cons, taxes, and penalties of each option, and provides five case studies to illustrate real-world applications. This comprehensive guide aims to help PERS members make informed decisions as they approach retirement.

In this video, Ryan Earley explores four major options for PERS retirees with their Mississippi Deferred Comp 457(b) plan. He discusses plan rules, tax implications, and provides three case studies to illustrate different strategies. The video aims to help PERS members make informed decisions about their retirement accounts, ensuring they maximize benefits and avoid penalties.

In this video, Ryan Earley, a financial planner and PERS member, guides viewers through the PERS Form 9P. He explains payroll authorization, tax withholding options, and the importance of consulting a tax professional. The video provides detailed instructions on completing the form, emphasizing careful consideration of tax implications and direct deposit instructions.

In this video, Ryan Earley, a financial planner and host of the PERS Pro YouTube channel, guides viewers through the PERS Form PLSO, explaining the Partial Lump Sum Option Distribution Election. He covers the form's sections, tax implications, and real-world examples to help PERS members make informed retirement decisions. Ryan emphasizes the importance of consulting a tax professional to avoid costly mistakes and provides actionable steps for completing the form.

In this video, Ryan Earley guides viewers through the PERS Form 9S Service Retirement Application. He explains the steps and requirements for completing the form, including beneficiary designations and retirement options. Ryan emphasizes the importance of accuracy and meeting deadlines to ensure a smooth retirement process. The video serves as a comprehensive guide for PERS members to finalize their retirement selections effectively.

In this video, Ryan Earley, explores the decision between certifying unused leave for service credit and taking a cash payout at retirement. He explains the rules, benefits, and potential financial impacts of each option, providing a detailed analysis to help PERS members make informed decisions for their retirement. Ryan also introduces a custom decision calculator to assist in evaluating personal scenarios.

In this video, Ryan Earley, a seasoned financial planner and veteran PERS member, demystifies the process of completing Form 9A SRVC. He provides clear, actionable steps to ensure a smooth retirement process, highlighting critical sections, accurate completion, and timely submission to avoid delays in receiving benefits. Ryan's insights help PERS members navigate retirement planning confidently, ensuring their first retirement check arrives on time.

In this video, Ryan Earley explores the optimal timing for claiming Social Security benefits. He highlights the importance of strategic decision-making to maximize lifetime benefits, revealing how delaying claims can significantly increase financial gains. Ryan provides insights into key scenarios, critical ages, and overlooked factors like health insurance and earnings history, equipping viewers with the knowledge to make informed retirement decisions.

In this video, Ryan Earley provides a detailed overview of Social Security for Mississippi PERS members. He compares Social Security with PERS benefits, explaining key features, eligibility, and family benefits. Ryan also covers retirement age options, benefit calculations, and tax implications, offering practical advice for maximizing benefits and planning for retirement.

In this video, Ryan Earley explains the requirements for Mississippi PERS retirees returning to work at PERS agency. Ryan covers return to work options like W-2 employees, contractors, and elected officials, detailing rules and exceptions. The video also highlights changes in break-in-service requirements and salary limits under House Bill 4073, providing guidance for retirees considering re-employment.

In this video, Ryan Earley explores the options, rules, and limits for Mississippi PERS retirees re-entering the workforce. He discusses strategic reasons for returning to work, such as accessing health insurance, generating income, delaying Social Security, and starting a second career. The video also covers different work routes, including working for PERS employers, third parties, or starting a business, and their implications on PERS benefits and taxes.

In this video, Ryan Earley explores health insurance options for Mississippi PERS retirees. He discusses the importance of health insurance in retirement, detailing plans available before and after age 65, and the impact of Medicare eligibility. Ryan highlights cost differences between plans and emphasizes the need for strategic planning to manage rising healthcare expenses effectively.

In this video, Ryan Earley explores the tax implications of Mississippi PERS benefits. He explains how federal and state taxes affect retirees, highlighting the exemption from state income tax and the impact of timing on tax brackets. Ryan provides strategies to minimize taxes, discusses the importance of proper planning, and offers advice for beneficiaries. This guide aims to help PERS retirees make informed decisions to maximize their retirement savings.

In this video, Ryan Earley discusses strategies for naming beneficiaries in PERS retirement plans. He covers the importance of selecting primary and secondary beneficiaries, the tax implications for beneficiaries, and the potential consequences of not keeping beneficiary information updated. Ryan also provides insights into different PERS benefit options and offers strategic advice for retirees to ensure their benefits are effectively managed.

In this video, Ryan Earley explores the decision-making process for PERS retirees considering a partial lump sum option. He discusses the balance between maximizing financial benefits and achieving peace of mind. Key topics include strategies for emergency funds, debt reduction, and handling major expenses.

In this video, Ryan Earley explores the popularity of the Partial Lump Sum Option (PLSO) among PERS retirees. Analyzing data from the PERS annual comprehensive financial report, he reveals that the 36-month option is the most favored. The video delves into how PLSO choices vary across income levels, providing insights for retirees on making informed decisions.

In this video, Ryan Earley, delves into the Partial Lump Sum Option (PLSO) available to PERS retirees. He explains the eligibility criteria, including retirement type and tier-specific requirements, and outlines the calculation process for determining the PLSO amount. Ryan highlights the long-term impacts on monthly benefits, COLA adjustments, and tax implications. He emphasizes the importance of consulting professionals to make informed decisions that align with individual retirement goals.

In this video, Ryan Earley presents a comprehensive five-step framework to help viewers choose the best PERS retirement option. He emphasizes the importance of personalized planning, considering unique factors like spending plans, health, and legacy wishes. The steps include prioritizing retirement goals, mapping expenses and income, calculating the retirement gap, and selecting the most effective PERS option.

In this video, Ryan Earley explores why most Mississippi retirees choose the maximum benefit option. Ryan breaks down exactly which options retirees pick and why, revealing how personal priorities shift based on income level and life stage. Discover how close to 70% of retirees favor the "max" option, prioritizing their monthly income over survivor benefits. Learn why higher earners are increasingly opting for joint and survivor plans.

In this video, Ryan Earley explores PERS Option 4B, detailing its benefits and how it differs from other retirement options. He explains the guaranteed payment periods, beneficiary flexibility, and the impact on monthly benefits. The video is aimed at helping retirees understand who should consider this option, providing actionable steps for those interested. Ryan also addresses common questions and offers insights into making informed retirement planning decisions.

In this video, Ryan Earley, explores PERS Option 4A. He explains how this retirement plan balances survivor benefits with a retiree's monthly allowance. The video covers the calculation of benefits, who should consider Option 4A, and its unique features like the pop-up provision. Ryan also provides actionable steps for retirees to evaluate if Option 4A fits their financial goals, ensuring a secure future for both them and their beneficiaries.

In this video, Ryan Earley explains PERS Option 4, a 75% joint and survivor annuity with a pop-up provision, ideal for retirees with semi-dependent spouses or dependent children. It offers a reduced monthly benefit during the retiree's life, with 75% continuing to a named beneficiary after death. The option allows for a pop-up to a higher benefit if the beneficiary predeceases the retiree. Key consideration is to understand the actuarial reduction.

In this video, Ryan Earley discusses the Maximum Retirement Allowance Option under the PERS system, explaining its benefits, calculations, and suitability for different retirees. He emphasizes the importance of understanding the single life annuity, the calculation of monthly benefits, and the considerations for naming beneficiaries. The video also outlines who should consider this option and provides actionable steps for retirees.

In this video, Ryan Earley discusses the 100% joint and survivor annuity option (option two) offered by PERS. He explains the key concepts of joint and survivor annuities, how the monthly benefit is calculated, and the implications of naming a beneficiary. The video also covers who should consider this option and provides actionable steps for retirees to take when considering option two.

In this video, Ryan Earley discusses Option One of the PERS retirement plan, a single life annuity that offers a slower reduction of account balance and provides a one-time lump sum to beneficiaries. He explains the differences between Option One and the maximum retirement allowance option, details the beneficiary provisions, and outlines who should consider this option. Additionally, he provides actionable steps for retirees to evaluate their choices and ensure their beneficiaries are updated.

In this video, Ryan Earley discusses the Maximum Retirement Allowance Option under the PERS system, explaining its benefits, calculations, and suitability for different retirees. He emphasizes the importance of understanding the single life annuity, the calculation of monthly benefits, and the considerations for naming beneficiaries. The video also outlines who should consider this option and provides actionable steps for retirees.

Summary

In this conversation, Ryan Earley discusses the critical aspects of choosing retirement benefit options for Mississippi PERS members. He outlines the retirement process, explains the seven base options available, and defines essential terms related to retirement planning. Additionally, he introduces the partial lump sum option and provides actionable steps for those nearing retirement.

Ryan Earley delves into the intricacies of earned compensation within the PERS benefit formula, emphasizing the importance of understanding how service credit and average compensation impact retirement benefits. He explains the exclusions that affect earned compensation and provides a detailed example of calculating the highest four years of compensation. The discussion concludes with actionable steps for viewers to assess their own average compensation and prepare for retirement.

In this video, Ryan Earley discusses the steps, costs, and payment strategies for purchasing optional service credit and repaying refunds within the Public Employees Retirement System (PERS) of Mississippi. He outlines the types of service credit available, the process for purchasing it, and the various payment methods, emphasizing the importance of consulting a finance professional for personalized advice.

Ryan Earley discusses the various ways Mississippi PERS members can accumulate, purchase, and reinstate service credit to enhance their retirement benefits. He explains the eligibility requirements for earning service credit through employment, the process of purchasing non-covered service, and the importance of unused leave. Additionally, he provides actionable steps for members to assess their service credit status and make informed decisions regarding their retirement planning.

Ryan Earley discusses the importance of choosing the right month for retirement, particularly for members of the Public Employees Retirement System (PERS) in Mississippi. He outlines the effective date of retirement, factors influencing the timing of retirement, and key considerations for planning a successful transition into retirement. The discussion emphasizes the need for careful planning and consideration of personal circumstances, financial implications, and health insurance coverage.

In this conversation, Ryan Earley discusses the importance of valuing time in retirement, emphasizing that time is a finite resource that should be prioritized over wealth. He explores the concept of retirement happiness, the regrets many retirees have about timing, and the emotional aspects of spending time with loved ones. The conversation concludes with practical steps for PERS members to consider when planning their retirement.

In this conversation, Ryan Earley discusses the importance of relationships in retirement, emphasizing that social connections are as crucial as financial planning. He highlights the risks associated with social isolation and the need for retirees to maintain strong relationships with their significant others, children, and friends. The conversation also covers practical steps for preparing for retirement, including open discussions with family and friends about expectations and boundaries.

In this conversation, Ryan Earley discusses the often-overlooked aspect of retirement planning: finding purpose after leaving a career. He highlights the risks of a 'purpose crisis' that many retirees face, including increased rates of depression and health issues. The conversation emphasizes the importance of preparing for the non-financial side of retirement, offering actionable steps to help individuals find meaning and fulfillment in their post-work lives.

In this video, Ryan Earley discusses the critical role of health in retirement planning for PERS members. He emphasizes the importance of assessing physical health, understanding insurance options, and considering spousal health when deciding on retirement timing. The conversation also highlights the gap in health insurance coverage before Medicare kicks in at age 65 and provides actionable steps for planning around these challenges.

In this episode, Ryan Earley explores the financial considerations for Mississippi PERS members contemplating retirement. He discusses spending patterns, major expenses, and the impact of debt and investment risks on retirement planning. Ryan also provides actionable steps for calculating retirement needs and understanding PERS and Social Security benefits. Tune in to gain insights into making informed retirement decisions.

In this video, Ryan Earley discusses the average retirement age and trends for Mississippi PERS members, highlighting the differences between service-based and age-based retirement. He emphasizes the importance of planning for longevity in retirement and understanding the financial implications of different retirement paths.

In this episode of the PERS Pro YouTube channel, host Ryan Earley explores the question every PERS member asks: "When can I retire?" The video covers the different retirement tiers, vesting requirements, and options for early retirement. It also addresses disability retirement and provides actionable steps for PERS members to determine their retirement eligibility. Tune in to understand the earliest date and age you can retire and learn about future topics in the retirement series.

In this video, Ryan Earley discusses the significant changes to the Public Employees Retirement System (PERS) in Mississippi, particularly focusing on the introduction of Tier 5 for new hires. The conversation covers the lack of guaranteed cost of living adjustments (COLA) for Tier 5, the unchanged benefits for current retirees, and potential future changes to COLA payments.

In this video, Ryan Earley provides a comprehensive guide on how to complete PERS Form 20 for the Monthly Cost of Living Adjustment (COLA). He explains the importance of the form, the deadline for submission, and details each section of the form, emphasizing the irrevocable nature of the election for monthly payments.

In this video, Ryan Earley discusses the critical decision new retirees face regarding their Cost of Living Adjustment (COLA) payments. He explains the two options available: receiving the COLA as a lump sum or as monthly payments. The video outlines the implications of each choice, including cash flow management, tax considerations, and the irrevocable nature of the monthly payment election.

In this video, Ryan Earley guides viewers through understanding the Cost of Living Adjustment (COLA) Notice from PERS. The video explains the key sections of the COLA notice, including the total COLA amount, gross payment, estimated federal tax withholding, and net payment. Ryan also provides steps for adjusting tax withholding and emphasizes the importance of meeting deadlines.

In this video, Ryan Earley explains the two phases of COLA: the simple phase, which applies a fixed 3% increase to the initial benefit, and the compound phase, which applies the increase to the total benefit including previous COLA increases. The video uses a hypothetical retiree to illustrate the calculations and emphasizes the importance of understanding both phases to maximize retirement benefits.

In this video, Ryan Earley discusses the differences between simple and compound Cost of Living Adjustments (COLA) for Mississippi PERS retirees. He explains how each calculation works, the implications for retirement benefits, and emphasizes the importance of understanding these concepts for long-term financial security. The video includes examples and comparisons to illustrate the significant impact of these two types of COLA on retirement income.

In this episode, Ryan Earley delves into the critical transition from a simple to a compound Cost of Living Adjustment (COLA) for PERS members. Discover the key factors that determine when your fixed 3% rate begins to compound, including your retirement tier and age milestones. Ryan breaks down the official rules from the PERS Service Retirement Guide, providing clarity on how these adjustments impact your retirement income.

In this episode, Ryan Earley discusses the eligibility criteria for receiving the Cost of Living Adjustment (COLA) for Mississippi PERS retirees. He explains the importance of the full fiscal year rule, which requires retirees to have received benefit payments for a complete fiscal year before being eligible for COLA. The episode also emphasizes the need for personalized guidance from Mississippi PERS for specific eligibility questions.

This episode explores the crucial role of the Cost of Living Adjustment (COLA) for Mississippi PERS retirees, highlighting how it helps preserve your income amid inflation. With a focus on the fixed 3% compound rate and why it’s a standout feature, this discussion clarifies how COLA contributes to long-term financial security.