Wealth Management Initiative

The IAFF Wealth Management Initiative (WMI) was launched in 2022 by the IAFF-FC to provide IAFF members and retirees with vetted, fiduciary wealth management, financial planning services, and comprehensive financial education.

Under this initiative, members are encouraged to participate in the following:

  • Wealth Management and Financial planning and education provided through a strategic partnership with Baystate Financial/Mass Mutual and Galloway Public Safety Financial, offering members the opportunity to build a personalized financial plan based on their own goals and timeline, with as much or little engagement as desired.
  • The IAFF “15 by 5” initiative encourages all IAFF members to defer at least 15% of their compensation into their 457(b) plan within 5 years of enrollment. Calculate your projected retirement growth using 15 by 5 HERE.
  • Expanded use of Self-Directed Brokerage Option (SBDO) within existing 457 plans to provide IAFF members with far greater investment option than are typically available in plan.