Financial Planning
A financial plan is a strategic plan for a person's own life. Understanding how your pension, retirement savings, and other aspects can work together to give you the ability to make decisions about your finances. For educators, that does not mean just saving. It means knowing which TRS benefit and health care option is right for you and being confident that you have appropriately completed each of the TRS forms.
Compensation Analysis
HUB will collaborate with KASA's legal team to conduct a thorough compensation analysis to assess the need for a market adjustment in compensation. HUB will also work with the sole finalist to identify suitable benefits aligned with long-term financial objectives
Contract Implementation
Having a good contract is important, but if it is not implemented correctly, it can create several issues for the district. HUB will work with the District’s business office to ensure that the contract is properly implemented regarding its impact on TRS and that any deferred compensation plans are in compliance.
Tax Preparation
A key component of financial planning is gaining tax efficiency. HUB advisors will
work with you using a holistic approach that incorporates their wealth
management goals to help them retain as much of their earned income as possible.
HUB’s Enrolled Agents will be available to complete the necessary tax filings and
assist members in ensuring they are utilizing any tax benefits that fit their needs.
Estate Planning
Estate planning ranges from establishing trusts and creating a power of attorney, to planning to reduce your taxable estate, to planning charitable gifting. HUB advisors can help incorporate estate planning into your overall financial planning and coordinate with outside attorneys to help set up any legal documents.
Investment Management
There’s a difference between saving and investing. One is for expenses in the short-to-medium term, while the other is for long-term wealth building. It is important to
make sure each dollar intended for the future is put in the appropriate bucket.
Similarly, not every investment is the same. Some 403(b)/457(b) products may be
appropriate for an individual, but others are high-fee and may have surrender
penalties that do not fit their needs. HUB’s advisors can assess the investment
options available to members and make unbiased recommendations on investments
aligned with the Superintendent’s needs.