JF Financial & Insurance Services

CONNECT

Address:

3300 Irvine Ave., Suite 385
Newport Beach, CA 92660

Phone:

(714) 361-7419

Fax/Other:

(714) 361-7410

LAW ENFORCEMENT PROFESSIONALS

Jim Farhadi Cambridge Financial Servicesd Law Enforcement Professionals

"We enjoy working with Jim Farhadi and his team at Cambridge Financial Partners as our financial Advisor. They are a dedicated group of insurance and investment professionals with deep roots in the Law Enforcement Community, who understand complex needs affecting law enforcement personnel."

About Jim Farhadi

 

For the past 20 years, Jim has worked hand-in-hand with police officers at all levels of their careers - from their early years out of the academy, all the way to the years nearing retirement after a 30 year career in law enforcement. It takes a professional understand the complexity of pension election and how it can affect the family's financial legacy. Crafting well-designed solutions does not start the day of retirement, but many years earlier. It is with passion that we continue to educate law enforcement officers on the importance of planning for the first day ofn the job to create a balance between current income and lifestyle and future wealth and legacy creation. 

Whether it's developing a financial strategy, creating a customized executive benefits program for your business, or preparing a detailed asset allocation analysis, Jim’s mission is simple: provide up-to-date and cost-effective financial strategies without significantly impacting your current lifestyle.

While working with our law enforcement clients, we often hear the question “How much income do my family and I need?" The answer depends on a variety of factors.

We strive to help you retrain more income during and after the end of your life. There are many things to consider under your pension decision .Whether you are single or married with children, you have to navigate what is often a very difficult election that has permanent consequences. Have you considered the financial impact to loved ones present in each option to see which is most beneficial?

 

Consider the following:

  • What would be the financial impact on your family if they lost 100% of your income?
  • What would be the financial impact on your family if they lost 75% of your income?
  • What would be the financial impact on your family if they lost 50% of your income?

 

The answer to these questions will help you decide what percentage of your income you will need to provide to your loved ones.

 


 

While many officers choose to provide 100% of their income to their loved ones, others decide on a lesser percentage due other household income sources such as social security, spouse’s income or pension from work, other savings and/or investments available. 

Another factor to consider is the rate-of-return you believe your loved one’s can earn, should they invest the death benefit that results from...

 

  • Formula: Income Desired divided by Expected Rate of Return = Death Benefit Needed
  • Example: Income Desired is $65,000 divided by 8% = $812,500 of Life Insurance Needed
     

My team and I look forward to helping you achieve clarity of vision when making your pension election to ensure you maximize your wealth potential. We look forward to serving you!

 

Request your complimentary report - Register Here!

 

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck