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Tool & Die Training School

150 Carr 174 Minillas Industrial Pk
Bayamon, PR 00959

General Phone: 787-786-1834
Sector: Public, 2-year

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Latest Tool & Die Training School News

ING Launches Educators' Financial Analysis Tool - PR Newswire (press release)

- New Financial Analysis Tool Makes it Easy for Educators to Understand How Their State-Specific Defined Benefit Options Work with Defined Contribution Plans to Help Fill Their Retirement Needs - HARTFORD, Conn., Oct. 18 /PRNewswire/ -- ING today announced the launch of the Educators' Financial Analysis (EFA) tool, which offers educators a financial needs and solutions calculator to help them plan for their financial security. The EFA provides comprehensive information about the defined benefit options available to educators and illustrates how these options work with their defined contribution plan (403(b) and/or 457). It also details catch-up provisions for those who are close to retirement. The EFA tool is an interactive, state-specific presentation that financial advisors can share with their clients. The 10-15 minute presentation clearly articulates investment concepts (i.e. the cost of waiting, power of tax- deferred savings, etc.) and reviews the state-specific retirement DB features. The EFA's embedded financial calculator provides a benefit estimate for the educator's defined benefit system, estimates social security retirement benefits (if applicable) and details the savings amount or rate of return needed in a defined contribution plan to reach a specific retirement goal. "It's important for educators to be able to look at their - more available