Jack Patterson, RFC, ChFEBC

What is a ChFEBCSM?

A ChFEBCSM (Chartered Federal Employee Benefits Consultant) is a designation provided for those who have successfully completed a training course and examination covering all federal employee benefits. Jack has achieved these credentials and signed the code of ethics. The ChFEBC designation must be renewed at the beginning of each year to ensure the holder has kept current on all federal benefit changes. A background check has been done by the organization to make sure that Jack is in good ethical standing and has the appropriate SEC and FINRA licenses to do business.

Jack will help you make sense of the complex Federal Benefits process. He’ll help you find answers to your questions like:

  • What retirement system am I under?
  • When should I retire in order to receive the highest benefit?
  • What is my minimum retirement age?
  • What day should I retire?
  • Should I make deposits or re-deposits?
  • Do I need to choose a survivor at retirement?
  • Why?
  • Whom?
  • What withdrawal option should I plan to take at retirement?

As one who specializes in federal employee benefits, Jack can educate you on the following topics:
  • CSRS/CSRS offset sections
  • FERS and CSRS transferees
  • Special Provisions CSRS/FERS (law enforcement, fire fighters, air traffic controllers, reservists)
  • Federal Employee Group Life Insurance (FEGLI),
  • Voluntary Contribution Program
  • Thrift Savings Plan (a 401k-type plan)
  • Social Security impact on benefits
  • Health insurance (FEHB)
  • Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Administration
  • OPM Long Term Care
  • Medicare
  • Taxes on federal benefits
  • Forms used at retirement
  • Calculating your annuity benefit payments
  • Options regarding mandatory retirement
  • Calculation of part-time service
  • Military credible services
  • TSP investment options
  • Other federal benefits

As Social Security becomes more strained by the large numbers of baby boomers reaching retirement age, everyone is more concerned about retirement benefits. Many are turning to financial planning professionals to help them sort out their plans for retirement. But while non-federal employees have access to a large pool of financial pros, federal employees have very few options. The trouble is, there just aren’t many financial-services-trained professionals out there who understand the complex benefits and financial planning needs of federal employees.

Jack Patterson is one of those rare few. In fact, the College of Financial Planning Board of Standards who issues CFP Designations (Certified Financial Planner) has said, “What is needed are more financial-services-trained professionals who could be able to help and assist federal employees in taking advantage of their federal employee benefits.”

Give Jack a call today to find out more about how he can help you with your federal benefits.

Jack Patterson
Retirement Planning for Successful Entrepreneurs

2655 LeJeune Road, Suite 909, Coral Gables, FL 33134
phone: (305) 648-3080    fax: (305) 441-0217
e-mail: Jack@PattersonAdvisors.com

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 Securities and Investment Advisory Services offered through
Raymond James Financial Services, Inc.
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