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marshall wealth management

Retirement Income Planning for Union Members in Massachusetts

Our goal is to help union members understand their retirement income options and navigate union-specific benefits.

At Marshall Wealth Management, we deeply respect the work you do on the job sites, in the factories, in public service, in trades, and throughout our cities and towns. Union members play a vital role in keeping communities running, and your retirement deserves the same kind of commitment you give your work every day.

FAQs

Q: Can I work past my union’s “normal retirement age” without penalty?
A: Sometimes yes. Depending on your collective bargaining agreement and pension rules, you may delay retirement and receive benefit accruals or higher benefit multipliers. We’ll analyze your specific contract and model the trade-offs.

Q: If I leave my union job before retirement age, what happens to the pension?
A: Many plans allow a deferred vested pension. Others may offer lump sums, cash-out options, or portability. We’ll walk you through your plan’s rules and how best to maximize value.

Q: How should I time Social Security (if eligible) along with my pension?
A: Timing matters. Depending on your age, income, and benefit amounts, we’ll help you coordinate pension + Social Security to maximize your lifetime income, avoid penalties, and minimize taxation.

Q: What if my union benefits change in the future?
A: That’s exactly why you need flexible planning. We build in contingencies, “what-if” scenarios, and backup income plans so you aren’t left exposed.

Q: How much should I save beyond my pension?
A: The answer depends on your goals (travel, supporting family, legacy). We’ll help you set target supplemental savings and develop a disciplined path to reach them.

Why Union Members Work With Marshall Wealth Management

DEEP LOCAL & UNION-ORIENTED UNDERSTANDING

You tell us your union, your benefit summary, your goals, your concerns. We gather pension documents, collective bargaining agreement terms, benefit summaries, and existing investment statements.

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HOLISTIC & TRANSPARENT ADVICE

We don’t just invest — we consider taxes, insurance, cash flow, and your whole retirement ecosystem.

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CLIENT EDUCATION & EMPOWERMENT

We explain in plain language. You’ll understand the trade-offs, and you’ll make confident decisions.

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COMMITTED PARTNERSHIP

We act as your advocate. If contracts change, if budgets shift, we’ll adjust together.

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CUSTOMIZED, NOT GENERIC

Your union pension, your overtime pattern, your benefits package — your plan should reflect your reality, not someone else’s template.

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EDUCATION & SUPPORT

We offer workshops, one-on-one Q&A, and union-tailored resources so you stay informed and empowered.

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Your Union Member Retirement Roadmap

 

  1. Discovery Session: You tell us your union, your benefit summary, your goals, your concerns. We gather pension documents, collective bargaining agreement terms, benefit summaries, and existing investment statements.
  2. Analysis & Scenario Modeling: We run multiple retirement income scenarios (e.g. early retirement, working longer, varying overtime levels). We stress-test for inflation, market risk, and benefit changes.
  3. Strategy Design & Implementation: We propose a path: when to claim pension, how much to draw from supplemental accounts, tax-efficient withdrawal sequencing, and protections (insurance, legacy). You choose what aligns with your goals.
  4. Ongoing Review & Adjustment: We meet periodically or when major life/contract changes occur. We tweak as needed — because contracts shift, markets move, and your path may change.