Joe Runza, Author at Annuity.com

About Joe Runza

Joe Runza is a licensed financial professional and federal employee benefits consultant specializing in helping clients prepare for retirement. Based in Cleveland, OH, he has been a trusted expert in the financial field since 2013. Joe and his team use an educational & fun approach to working with their clients, providing clients with their best options for accomplishing their future goals. Website: definedretirement.com

Office: (440) 429-3031 | Defined Retirement

Articles by Joe Runza

Joe Runza

Office: (440) 429-3031 | Defined Retirement

Federal Employees Need Wills, Trusts, And, Most Of All, A Beneficiary Form.

March 27, 2022/in Estate Planning/by Joe Runza

“Your federal benefit payments are not made following a trust or will. You need to ensure you have a properly completed beneficiary form.”- Joe Runza If you are well-planned, you have a will or trust to ensure you leave a legacy to your loved ones. These documents, your funeral instructions, durable power of attorney, healthcare […]

Should Federal Employees Choose Private Insurance Or FEGLI?

February 28, 2022/in Investing, Retirement Planning/by Joe Runza

“Many feds participating in Federal Employees’ Life Insurance program (FEGLI) don’t realize they have other options.”- Joe Runza. If you are a government employee, you have probably heard about FEGLI or the Federal Employees’ Group Life Insurance program. Offered as a benefit to government workers, FEGLI is the largest life insurance program in the nation, […]

Should Federal Employees Take Advantage Of The FLTCIP?

December 1, 2021/in Retirement Planning/by Joe Runza

“Seven out of ten American adults over the age of 65 will need some form of long-term care during their lifetimes. If you’re a federal employee, you may want to look into the FLTCIP.” Joe Runza Many government pre-retirees don’t realize that, with rare exceptions, neither traditional health insurance nor Medicare provides LTC coverage. This […]

Why Patience May Pay Off For Federal Employees Under The FERS Program

November 1, 2021/in Retirement Planning/by Joe Runza

If you are a federal employee under the Federal Employees Retirement System (FERS), then you have many crucial decisions to make when the time comes to retire. The decision of when to take Social Security, for which FERS employees qualify and pay, is probably one of the most challenging retirement decisions you’ll make. If you’re […]

What should you do with your TSP if the markets become volatile?

October 14, 2021/in Retirement Planning/by Joe Runza

“TSP owners should be wary of volatility in the markets and have a plan of action ready to deploy.”- Joe Runza If you’re one of the nearly 100,000 TSP millionaires who invested for the long term by putting cash in the C, S, or I funds, you’ve probably done very well over the last few […]

What Should Federal Employees Do With Their TSPs After Retiring?

September 8, 2021/in Retirement Planning/by Joe Runza

“A Thrift Savings Plan can turn ordinary government employees into millionaires. But, is it a good idea to leave all of your nest egg in one basket?”- Joe Runza As of June, 2021, there were over 98,000 Thrift Savings Plan (TSP) millionaires! These feds achieved this status by consistently investing in their TSP’s stock-indexed and […]

Why You Should Review Your Insurance Regularly

August 16, 2021/in Retirement Planning/by Joe Runza

Life events can have a massive impact on your financial affairs and trigger the need for a review of your insurance portfolio. If you experience or have recently experienced any of the following events in your life, it’s time to call your insurance professional and schedule a comprehensive insurance evaluation.- Joe Runza If you’re […]