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3 Creeks Capital | Financial Tips for Ohio Public Employees
Thanks for visiting the 3 Creeks Capital Blog.
👨🏼🏫 20+ years of Ohio Pension Knowledge in one place. Todd J. Gourno, CFP®, former STRS employee and OPERS member, shares how to make better decisions that directly affect your retirement income.
👮 Former Springfield police officer and OP&F member Ryan A. Mink shares ways OP&F members increase their retirement income by making simple decisions with their pension.
🎯 We'll show you how to select the appropriate amount when taking the PLOP or DROP.
✖️ We'll combine this knowledge with broader financial issues that impact your day-to-day financial well-being.
🏠 - How to pay off the mortgage before retirement and plan for taxes.
➡️ To learn more about your money, watch the videos in our Knowledge Library Knowledge Library
Average Bond Returns AFTER Rate Hikes End.
As the Federal Reserve approaches the end of its hiking cycle, bond investors may find opportunities for potential benefits. The above chart illustrates a historical pattern of bond prices after the Fed concludes its rate-hiking cycle....
Read MoreBonds in the Red, Stocks Treading Lightly in Recent Years
In the past three years, conservative investors faced unexpected challenges as traditional safe havens exhibited surprising volatility. Contrary to their historical stability, bonds experienced a downturn, turning negative over this period.
Read MoreSTRS Ohio Retirement Plan of Payment
Navigating your STRS Ohio retirement estimate is crucial, especially with joint and survivor annuity choices. As a former STRS employee for seven years, I've witnessed the #1 costly mistake couples make in their retirement income.
Read MoreNavigating Financial Success as an Ohio First Responder: Why You Need a Niche Advisor
If you know me, you know I thoroughly enjoy helping Ohio's first responders be more intentional and tactical when it comes to their finances and retirement. There's no one-size-fits-all when it comes to financial planning. There are...
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Five Tips for Booking the Lowest Summer Airfare
Summer is often the best and only time for us to escape and get away for family vacations. Unfortunately, while school break is in full swing, the high ticket demand allows the airlines to sometimes double or triple their ticket prices...
Read MoreInflation still Hits Consumer Wallets!
Today's inflation report suggests inflation is falling but still at 4.9% year-over-year. For workers, real average hourly earnings, adjusted for inflation, rose 0.1% for the month but were still down 0.5% from a year ago.
Read MoreCreating a Market Framework in the Current Environment
Investing can be overwhelming for many people, especially when it comes to making decisions about what to buy or sell and how much risk to take on. However, creating a market framework can help simplify the process and provide guidance...
Read MoreThe U.S. Government Shutdown and Your Portfolio
This article examines the historical impact of government shutdowns on individual investment portfolios.The article notes that while a government shutdown can create uncertainty and temporary market disruptions, its impact isn't much.
Read MoreFinancial Literacy Month: A Guide for First Responders
April is Financial Literacy Month, which makes it the perfect time for first responders to take a closer look at their finances. As a first responder, you face unique challenges that can make financial planning more difficult...
Read MoreIs it Possible the U.S. Dollar Could Collapse?
As we approach the mid-point of 2023, many people are still asking the question: "Could the U.S. dollar collapse?" This topic has been thrown around in the media a lot recently. It's a significant question that deserves serious...
Read MoreDon't Be Fooled by Average Returns!
For many investors, achieving the highest possible rate of return for their portfolio is the ultimate goal. It's understandable since the higher the return, the more they can accumulate for important life goals, such as saving for...
Read MoreReady to buy a house but not sure how much you can afford in today's high-interest rate environment?
Ready to buy a house but not sure how much you can afford in today's high-interest rate environment?Don't let the banks dictate your budget!Here's a simple formula to help you determine a realistic spending range:Take your Gross...
Read MoreFirst Responders and Financial Planning...
First Responders play a critical role in our communities, often putting themselves in danger to help others. I recall going from call to call during my midnight shift. My weekend could never come soon enough! I wanted to be able to...
Read MoreSTRS, OPERS, SERS, and OP&F
PSA: The Ohio Retirement Systems are NOT allowed to give members advice. They can ONLY educate. I know this because I worked for STRS Ohio for seven years. ✅❌ Don't ask a benefits counselor which plan of payment you should...
Read MoreUnderstanding Taxes = Building Wealth (Real Client Stories).
Understanding Taxes = Building wealth.Recent Prospect (now client) Story:Married couple age 61/58 - Needed a full financial analysis.Small business owner and Ohio public employee.We addressed retirement income, insurance, investments,...
Read MoreOhio Police & Fire Guide
Our FREE OP&F Guide is now available! This guide is for Ohio Police and Fire members and answers many of the questions we’ve been asked over the years by our OP&F clients.This consolidated guide simplifies the OP&F website and...
Read More2023 Income and Retirement Sheet
Get the latest income tax brackets, retirement contribution limits, capital gains tax brackets, Medicare premiums, and Required Minimum Distribution information.
Read MoreOhio Public Employees Should Consider the Benefits of a Health Savings Account (HSA)
Many OP&F, OPERS, and STRS members retire before they are eligible for Medicare. A retiree is eligible for the healthcare stipend unless they have access to any other group coverage. If a pension member has a spouse or dependent...
Read More2023 Investing Outlook
Why we think a new investing era is about to begin. Learn more here.
Read MoreSECURE Act 2.0 - 9 Significant Changes to Retirement
SECURE Act 2.0 changes to retirement.
Read MoreGet Rid of Old Records
How long you keep documents is dependent on what it is. Use this checklist to help you determine if there are some documents you've held onto for far too long or if you've done the right thing by keeping them.
Read More2023 IRA Contribution Limits
For 2023, the total contributions you make each year to all of your Traditional IRAs and Roth IRAs can't be more than:$6,500 ($7,500 if you're age 50 or older), orIf less, your taxable compensation for the...
Read MoreRetiring from OPERS?
Are you retiring from OPERS? Completing the Retirement Application can be overwhelming. Here are the TOP 3 decisions you must get right when completing the retirement application.1) Retirement Date (RD)= first of the monthly FOLLOWING...
Read MoreShould you take a PLOP?
Members of STRS and OPERS often consider taking a PLOP at retirement. Before you make this irrevocable decision and permanently reduce your monthly income better understand what you need to consider.
Read MoreThe Windfall Elimination Provision (WEP)
The Windfall Elimination Provision will affect how much you receive from Social Security because of your Ohio public pension. Your OPERS, STRS, or OP&F pension will NOT be reduced because of your Social Security.
Read MoreUnconventional College Funding Strategies
As tuition rates continue to climb, you’ve most likely wondered whether or not you can afford to go to college. It is a known fact that paying for a four-year degree doesn’t come cheap. Despite conventional funding, we have other ideas.
Read MoreThe Biden-Harris Administration's Student Debt Relief Plan Explained
President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support exp
Read MoreDROP Considerations
Watch this video to clarify Section B of the DROP Election Form.
Read MoreNew Grandview Location
I purchased a building three weeks ago in Grandview for my financial planning firm. With the help of Jerry Smith, landscape architect, we came up with a sophisticated but straightforward landscape design. While I missed a little of...
Read MoreThree Creeks Capital Management Hires Ryan A. Mink
Three Creeks Capital Management announces the recent addition of Ryan A. Mink as Jr. Financial Advisor. Ryan brings his experience from Morgan Stanley to focus on financial planning for Ohio Police & Fire members. Ryan served as a...
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