Chartered Federal Employee Benefits Consultant℠
When it comes to understanding the complexities of the benefits and retirement programs for federal government employees, all financial professionals are not created equally. As a financial advisor for federal employees, a Chartered Federal Employee Benefits Consultant℠ (ChFEBC℠) has been specially trained on the complexities associated with the retirement and other benefits offered to the employees of the federal government.
In order to earn the designation, a candidate must:
Have at least three (3) years of financial services experience, and
Hold one of the following:
Registered Investment Advisor
Investment Advisor Representative
Hold one of the following:
Chartered Financial Consultant (ChFC)
Chartered Life Underwriter (CLU)
Chartered Financial Analyst (CFA)
Certified Financial Planner (CFP)
Masters Degree in Business, Finance or Economics
Attorney's License (JD)
Certified Public Accountant (CPA)
Financial professionals looking to serve as a financial advisor for federal employees and obtain the ChFEBC℠ designation receive instruction in the rules of the Civil Service Retirement System (CSRS), Federal Employee Retirement System (FERS), Thrift Savings Plan (TSP), Federal Employees' Group Life Insurance (FEGLI), Federal Employee Health Benefits (FEHB), amongst others.
Upon completing of instruction, candidates must score a passing grade of 75 or better on a closed-book, written exam. To maintain the designation of a Chartered Federal Employee Benefits Consultant℠, financial professionals must annually complete the continuing education requirements.
Financial planning for federal employees is different because the benefit offerings of the federal government are different than those in the private sector or even state and local government benefits. If your financial advisor is a Chartered Federal Employee Benefits Consultant℠ (s)he will have a working knowledge of the rules for CSRS versus FERS or dispense TSP financial advice from a vantage point of knowing that it's voluntary for CSRS and plays a more significant role in providing retirement income of a FERS participant.
A Chartered Federal Employee Benefits Consultant℠ can be your TSP financial advisor and provide you with a better understanding of the options available to you in the selections in the Thrift Savings Plan. That TSP financial advice could also include discussions of the benefits of the Roth TSP versus the traditional TSP.
Most human resources professionals in federal agencies serves dozens or hundreds of employees but, a financial advisor for federal employees with the ChFEBC℠designation can serve as a resource to you in helping you understand how the benefits offered to all can be customized for your unique situation.
Whether you are new to federal employment, mid-career, nearing retirement, or already retired, financial planning for federal employees encompasses benefit and retirement options where it is beneficial to have a financial professional with specialized knowledge of what's available to you.
Martavius D. Jones of Jones Wealth Management Group is the only financial planning professional that holds the designation of a Chartered Federal Employee Benefits Consultant℠ in the Memphis metropolitan area.
Call today (901-312-9166) or click here to schedule a no-cost consultation with Memphis’ only Chartered Federal Employee Benefits Consultant℠ that includes a complimentary benefit and retirement analysis to determine you current situation and how prepared you are for what’s ahead.
Not certified by the Federal Government