It’s time to check your to do list – the one that makes you sit back for a minute and evaluate the goals you set for this year. If you’ve had any significant life circumstances that might change the way you look at and handle your finances, now is the time to review your account, your plan and your progress. Use some tips from Nationwide, the IAFF-FC’s premier retirement plans provider and administrator of the IAFF-FC FrontLine Program.

If you need help with your personal evaluation and you have an account with Nationwide, all you have to do is call your local representative. They’re ready to help you with your individual retirement goals.

Retirement Planning To-Do List

• Make sure my correct beneficiary designation is on file.
  Note: Life changes may need to be addressed.

• Establish my on-line account profile.
  Establishing an on-line account profile helps add a layer of security against fraudsters. Create your on-line account before they try and create one for you.

• Consider increasing my deferral.
  In 2021, the annual limit for contributions to a 457(b) deferred compensation plan is $19,500 or up to $39,000 if you’re 3 years prior to retirement.

• Check out FrontLinePlan.com.
  If you haven’t already, log on to FrontLinePlan.com and check out the My Interactive Retirement Planner, an easy-to-use interactive tool connected to your account at Nationwide that allows you to see whether or not you’re on track for retirement. Even if you don’t have an account at Nationwide, you can still get access to important retirement planning tools and information including on-demand webinars and educational videos.

• Get a free Health Care Cost Analysis.
  Nationwide can help you understand health care cost considerations that you’ll have in retirement which can help you plan for those future costs.

• Get the scoop about early distributions.
  Nationwide can explain your options, especially related to DROP requirements when you separate from service. Your 457(b) account is never subject to the 10% penalty (excise tax) like age 59 ½ on other qualified plans and you do not have to rollover your account to avoid a penalty.

• Learn about consolidating my various retirement accounts into my FrontLine Plan account.
  Take advantage of the Plan’s competitive offering.
• Schedule an account review with my local representative.
  Nationwide’s Retirement Specialists can review your account with you regardless of whether you’re new on the job and in the accumulation phase, trying to better understand your options for getting distributions in retirement or are somewhere in between.

• Check my investment allocations. You may need to reallocate your money due to fund performance or risk tolerance changes.  Speak with your Nationwide representative or consider using the auto-rebalance feature via the web – FrontLinePlan.com.
• Enroll in the FrontLine Plan.
  If you’re not already enrolled and it’s an available option with your employer, contact your Nationwide representative today.

For information about how to bring the IAFF-FC FrontLine Plan to your members, contact David Belnick, at belnid1@nationwide.com.

Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over from your account(s) may be subject to surrender charges, other fees and/or a 10% tax penalty if withdrawn before age 59½. 

Investing involves risk including possible loss of principal.

Nationwide representatives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. In Michigan only: Nationwide Investment Svcs. Corporation. Nationwide Retirement Specialists cannot offer investment, tax or legal advice. You should consult your own counsel before making retirement plan decisions.

Nationwide Retirement Solutions (Nationwide) makes payments to the International Association of Fire Fighters – Financial Corporation (IAFF-FC) for services and endorsements that IAFF performs generally for all its members related to Nationwide’s products and services sold exclusively in public sector retirement markets. More detail about these payments is available at www.FrontLinePlan.com.

©2021, Nationwide Retirement Solutions. Nationwide, Nationwide Financial, the Nationwide trademark and On Your Side are service marks of Nationwide Mutual Insurance Company.

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