With one stroke of the pen, New Jersey Governor Phil Murphy has allowed approximately 8,000 PFRS members with 20 years of service to retire early.    

In this episode of Financial Roll Call, host James Fay discusses the legislation known as the “Burnout Bill” which allows public safety workers who will have 20 years of service within the next two years to retire with a pension, which they can start collecting immediately, regardless of their age. James expresses his concerns on issues that officers might face if they consider this retirement option without first developing a financial exit strategy.   

Having a plan might be the difference between success and failure.

+++

Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/