PFSA - A fraternal organization for you

Planning Your Retirement

Build a secure future for yourself and your family.

PFSA provides members with complimentary insurance and retirement needs analysis through local representatives to help determine optimal retirement strategies tailored to your unique situation.

Many families prioritize immediate expenses over long-term retirement preparation. At PFSA, we believe retirement planning should begin well in advance to ensure you can enjoy the lifestyle you deserve when the time comes.

Our Savings Products

PFSA offers a variety of savings products designed to help you build wealth for retirement and education. Our knowledgeable representatives can help you understand which options best fit your financial goals.

Annuities - IRAs

"Safety. Guaranteed Income."

Annuities and Individual Retirement Accounts (IRAs) are foundational savings vehicles for retirement income planning. They offer tax advantages and can provide guaranteed income in retirement.

Tax-deferred growth
Guaranteed income options
Safety and security
Flexible contribution options

SEP IRAs

"Retirement for the Self-Employed"

Simplified Employee Pension Individual Retirement Accounts (SEP IRAs) are designed specifically for business owners and self-employed individuals looking to save for retirement while enjoying significant tax benefits.

Higher contribution limits
Tax-deductible contributions
Easy to set up and maintain
Flexible annual contributions

Coverdell Education Savings

"Invest in your child's future"

Coverdell Education Savings Accounts (ESAs) help you save for your child's or grandchild's education expenses with tax-free growth and withdrawals when used for qualified education costs.

Tax-free growth
Tax-free qualified withdrawals
K-12 and college expenses
Flexible investment options

Core Planning Elements

Successful retirement planning involves several key elements. Our representatives can help you navigate each step of the process to build a comprehensive retirement strategy.

Determine Retirement Strategies: Work with our experts to identify the best approach based on your age, income, and goals.

Invest for the Long Term: Build wealth over time through consistent contributions and smart investment choices.

Select the Right Products: Choose retirement products that match your individual needs and risk tolerance.

Build and Grow Your Savings: Start early and contribute regularly to maximize the power of compound growth.

Understand Your Needs: Assess your current savings levels and future lifestyle requirements to set realistic goals.

Why Start Planning Now?

The earlier you begin saving for retirement, the more time your money has to grow. Here's why it's important to start today:

Compound interest works in your favor
More time to recover from market fluctuations
Smaller contributions needed over longer periods

Greater flexibility in retirement timing
Reduced financial stress as you age
More options for the retirement you want

Annuities & IRAs: A Closer Look

Annuities and IRAs are powerful tools for retirement planning. Here's what makes them valuable:

Traditional IRA

Contributions may be tax-deductible, and your investments grow tax-deferred until withdrawal in retirement. This can lower your current tax burden while building your nest egg.

Annuities

Annuities provide a guaranteed income stream in retirement. They offer safety and security, ensuring you won't outlive your savings. Various options are available to match your needs.

Educational Savings: Invest in the Next Generation

A Coverdell Education Savings Account (ESA) is a tax-advantaged way to save for education expenses. Whether you're saving for elementary school, high school, or college, a Coverdell ESA can help.

Qualified Expenses Include:

Tuition and fees
Books and supplies
Room and board
Computer equipment
Special needs services

Key Benefits:

Earnings grow tax-free
Withdrawals are tax-free for qualified expenses
Can be used for K-12 and higher education
Funds can be transferred to family members
Wide range of investment choices

Contact Us

Ready to start planning for your future? Connect with your PFSA Membership Representative for a complimentary retirement needs analysis. Our team is here to help you build the secure future you deserve.

Phone: 1.866.687.7372 or (209) 702-6364
Email: mypfsa@mypfsa.org
Address: 1100 14th Street, Suite E, Modesto, CA 95354

Frequently Asked Questions

A Traditional IRA is a retirement savings account with tax-deductible contributions and tax-deferred growth. An annuity is an insurance product that provides guaranteed income payments, often for life. Both can be valuable parts of a retirement strategy, and many people use both.
SEP IRAs are designed for self-employed individuals and small business owners. If you earn self-employment income or own a business, you may be eligible to open a SEP IRA. The contribution limits are higher than traditional IRAs, making them attractive for those with higher incomes.
A Coverdell ESA is a tax-advantaged savings account specifically for education expenses. Contributions grow tax-free, and withdrawals are tax-free when used for qualified education expenses including K-12 tuition, college costs, books, supplies, and more.
IRA contribution limits are set by the IRS and may change annually. Contact your PFSA representative for current limits and to discuss how much you should be contributing based on your retirement goals and financial situation.
The best time to start saving for retirement is now. The earlier you begin, the more time your money has to grow through compound interest. Even small contributions made early can grow significantly over time. It's never too late to start, but starting earlier gives you more options.
Yes, you can have both. An IRA is for retirement savings, while a Coverdell ESA is specifically for education expenses. Having both allows you to save for your own retirement while also investing in your child's or grandchild's education.

Savings & Retirement