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Consumer's Energy

We have many clients who are current and retired employees of Consumers Energy. Our experience working with Consumers Energy employees makes us uniquely equipped to handle their needs. A few examples of how we can help Consumers employees are below:

  • We have a clear understanding of what benefits you will receive when you retire. From your Pension to your 401k to your insurance benefits, we know what you can expect. The knowledge and experience we have gained working with Consumers Energy employees who have transitioned into retirement allows us to help you determine if you are financially able to retire and live the lifestyle you want to live.
  • Provide information and guidance on your 401k and the investment options. Although your 401k plan is administered by Fidelity, other mutual fund companies are available as well (Vanguard, Janus funds, etc.). Our experience working with these investment options allow us to provide you with practical strategies to make the most out of your 401k.
  • At retirement or termination of employment, you are eligible to rollover your 401k to an IRA (Individual Retirement account). There are multiple benefits for doing this, including access to a wider array of investments and increased flexibility, but there are also disadvantages. We can help you determine if the benefits of rolling over your 401k outweigh the disadvantages.
  • You also may be eligible to do an in-service rollover (tax free transfer while employed) from your 401k to an IRA. There can be significant benefits to doing this but there can also be disadvantages. We can help you determine if an in-service rollover makes sense for you.
  • In addition, you may be eligible to receive a monthly pension or a lump sum payout. We can help you determine if a lump sum, single life or spousal benefits make sense for you. Check out this article from our very own Brandon Carter on this subject, Pension Lump Sum Guide.


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Before rolling over the proceeds of your retirement plan to an Individual Retirement Account (IRA) or annuity, consider whether you would benefit from other possible options such as leaving the funds in your existing plan or transferring them into a new employer’s plan. You should consider the specific terms and rules that relate to each option including: the available investment options, applicable fees and expenses, the services offered, the withdrawal options, the potential flexibility around taking IRS required minimum distributions from the option, tax consequences of withdrawals and of removing shares of employer stock from your plan, possible protection from creditors and legal judgments and your unique situation. Neither Financial Strategies Group nor its advisers provide tax or legal advice. Consult your own tax and or legal advisors regarding your particular situation.

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