What is Your Edison Retirement Planning Strategy?
Effective retirement planning can enable the financially stable future that you and your family deserve after years in the working world. That statement applies to anyone planning their retirement. But it can be particularly meaningful to you as a Southern California Edison employee.
As your goals, time horizon, and investment risk tolerance change, it’s important that your retirement planning strategy evolves as well. A proactive approach to this strategy requires a complete understanding of Southern California Edison’s three-tier investment system, pension options, and a relationship with a trusted advisor who can provide Edison 401(k) savings plan optimization services that evolve with you and help increase your projected retirement income.
A Powerful Retirement Savings Engine
Along with personal savings and Social Security benefits, the Edison 401(k) savings plan is a powerful retirement savings engine designed to help you plan a retirement that works for you after you’ve stopped working. Whether you’ve chosen the ease and simplicity of Edison Target Date Funds (Tier 1), the flexibility and range of Edison Core Funds (Tier 2), or the broad investment selection options a Self-Directed Brokerage Account (Tier 3) offers to more knowledgeable investors, it’s important to be well informed, know your options, and take intentional steps as you work toward your long-term financial goals.
If you find some of these options to be confusing, you’re not alone. Building your retirement strategy can be complicated. By following a few simple rules, you can make the well-informed choices that your Edison retirement planning requires.
Why Trust the Retire From Edison Team?
As specialists in Edison’s three-tier investment system, the Retire From Edison team can help you navigate investment options, contribution strategies, and other aspects of Edison retirement planning.
200+
More than 200 Edison employees and retirees currently served
$500M
Over $500M in
assets managed
assets managed
30+
More than 30 years of Edison-specific experience
Six Things to Consider When Planning Your Edison Retirement
Focus on Maximizing Your Edison Benefits
By carefully analyzing and configuring elements like savings plan timing, target date fund selections, company matching, you can get the most out of your Edison 401(k) savings plan and maximize your retirement income.
Eliminate the Confusion
It’s understandable that you may be confused by target date funds vs. core funds vs. self-directed options. The best strategy is yours – personalized for you and built upon sound, well-informed choices. Begin the process with a clear-eyed assessment of your retirement timeline and investment risk tolerance.
Plan for Your Current and Future Tax Positions
Wondering about pre-tax vs. Roth contribution strategies? Bewildered by the variety of qualified retirement plans? With guidance from an advisor with a comprehensive understanding of Edison retirement planning, you can maximize your pre-tax (1-84% of eligible pay) and post-tax Roth contributions with planning that recognizes your unique circumstances and current and future tax positions.
Know Your Company Match
Not sure if you’re getting the full Edison company match? Depending on your age, years of service, and contribution choices, it’s important to confirm you’re receiving the maximum employer match and understand how your contributions are structured under the plan.
Optimize Your Distribution Strategy
Whether you plan to make in-service withdrawals at age 59½ or at full retirement, smart investing and distribution planning should be part of your overall strategy. By following a few simple rules, you can establish a withdrawal strategy that allows tax-advantaged accounts to continue growing for as long as possible.
Work With an Edison Retirement Specialist
Our firm has been serving Edison employees since 1988. Grounded in a thorough understanding of Edison retirement planning, the company’s three-tier 401(k) investment planning system and pension programs, our specialized knowledge is unmatched by any general financial advisory firm.
Our History With Edison
Currently Working?
If you’re currently working, an Edison 401(k) savings plan optimization strategy can keep your retirement investment plan working as hard as you do. It begins with an ongoing analysis of your retirement timeline and risk tolerance, then choosing the investment tier that’s right for you, maximizing company matching, and avoiding common Edison 401(k) savings plan mistakes.
Not Quite Ready to Retire? Make Your Edison Plan Work As Hard As You Do
Ready to Retire?
The transition to retirement shouldn’t be confusing, but when it comes to retirement planning, there always seem to be more questions than answers. Answering these questions and making the right choices can make a big difference in your retirement income.
Retiring? Maximize Your Retirement Income and Pre-Tax Savings