Saving now for a comfortable tomorrow

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Ready to take control of your financial future?

Sign up now for a personalized appointment with one of our experts to enroll in your 457(b) deferred compensation plan. With our easy-to-use online booking system, you can schedule a time that works best for you and get started on the path to financial security.

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Ready to take control of your financial future?

Sign up now for a personalized appointment with one of our experts to enroll in your 457(b) deferred compensation plan. With our easy-to-use online booking system, you can schedule a time that works best for you and get started on the path to financial security.

Retire on your terms with your 457(b) deferred compensation plan

Whether you want to retire early, travel the world, pursue your passions, or simply enjoy a comfortable retirement, our plan allows you to take control of your retirement savings and make the most of your hard-earned dollars.

1. Tax Benefits

One of the main advantages of a 457(b) deferred compensation plan is that it allows you to defer taxes on your income until retirement.

2. Retirement Planning

A 457(b) deferred compensation plan can be a powerful tool for retirement planning, especially for those who may not have access to other retirement savings options such as a 401(k) or pension plan.

3. Non-Profit and Governmental Employer Options

457(b) deferred compensation plans are specifically designed for employees of state and local governments, as well as employees of non-profit organizations.

Our Process of Education

Our educational process for the 457(b) Plan includes an introduction to the basics, step-by-step enrollment instructions, information on available investment options and contribution limits, guidance on loans if your plan offers loans and withdrawals, and instructions on how to transfer or rollover existing retirement accounts for simplified account management.

  • Introduction to the 457(b) Plan
  • Enrollment Process
  • Investment Options
  • Contribution Limits and Strategies
  • Loans and Withdrawals
  • Rollovers and Transfers

A 457(b) deferred compensation plan is a type of retirement plan that is available to employees of state and local governments, as well as certain tax-exempt organizations. This plan allows employees to set aside a portion of their salary on a pre-tax basis, which can then be invested and grow tax-free until the funds are withdrawn in retirement. The name "457(b)" comes from the section of the Internal Revenue Code that governs this type of plan.

Unlike other retirement plans, such as 401(k)s or IRAs, there are no early withdrawal penalties for taking money out of a 457(b) plan before age 59 ½, as long as the employee has separated from service. This can make 457(b) plans a popular choice for employees who may be retiring before they reach traditional retirement age. However, if an employee takes money out of the plan before they separate from service, they will be subject to penalties and taxes. It's important for employees to understand the rules and restrictions of their 457(b) plan in order to maximize the benefits of this valuable retirement savings tool.

Enrolling in a 457(b) deferred compensation plan can be a complex process, especially for employees who may not be familiar with retirement planning or investment strategies. That's why it's important to work with someone who can guide you through the enrollment process and help you make informed decisions about your retirement savings. This could be a financial advisor, a human resources representative, or another knowledgeable professional.

During the enrollment process, employees will typically need to make decisions about how much money they want to contribute to the plan, how those contributions will be invested, and how they want to receive payments in retirement. A professional can help employees navigate these choices by providing information about different investment options, explaining the tax implications of various decisions, and helping employees understand how their contributions will impact their overall retirement income. By working with a knowledgeable professional during the enrollment process, employees can feel confident that they are making informed decisions that will help them reach their retirement goals.

A 457(b) deferred compensation plan offers a range of investment options for employees to choose from, depending on their risk tolerance and retirement goals. These options may include mutual funds, target-date funds, index funds, and individual stocks or bonds. Each investment option has its own level of risk and potential for growth, so it's important for employees to carefully consider their options and choose investments that align with their personal financial goals.

Working with a professional can be particularly helpful when it comes to selecting investment options for a 457(b) plan. A financial advisor can help employees assess their risk tolerance, evaluate different investment options, and develop a personalized investment strategy that maximizes the potential for growth while minimizing risk. They can also provide ongoing guidance and support as employees monitor their investments and make adjustments over time. By working with a professional, employees can feel confident that they are making informed investment decisions that will help them reach their retirement goals.

Contributing to a 457(b) deferred compensation plan is a powerful way to save for retirement, but it's important for employees to understand the contribution limits and develop a strategy that works for their personal financial situation. For 2023, the annual contribution limit for a 457(b) plan is $19,500, with an additional catch-up contribution of up to $6,500 for employees who are age 50 or older. However, some plans may offer additional contribution options, such as the ability to make catch-up contributions in the three years leading up to retirement.

Working with a specialist can help employees develop a contribution strategy that maximizes their retirement savings potential while staying within the contribution limits of their plan. A financial advisor or retirement planning specialist can help employees assess their financial situation, determine the appropriate contribution amount, and develop a plan for regular contributions that aligns with their long-term retirement goals. By working with a specialist, employees can feel confident that they are making the most of their 457(b) plan and maximizing their retirement savings potential.

A 457(b) deferred compensation plan may offer employees the ability to take loans or make withdrawals from their account, but these options come with restrictions and potential penalties. Loans from a 457(b) plan must be repaid within a specified period of time, typically five years, and failure to repay the loan could result in taxes and penalties. Withdrawals from a 457(b) plan are subject to income tax and a potential 10% penalty if the employee is under age 59 ½, with some exceptions for certain circumstances such as disability or death.

Working with a specialist can help employees understand the implications of taking loans or making withdrawals from their 457(b) plan. A financial advisor or retirement planning specialist can help employees determine whether taking a loan or making a withdrawal is the best option for their financial situation, and provide guidance on the tax and penalty implications of these decisions. By working with a specialist, employees can make informed decisions about their 457(b) plan that align with their long-term retirement goals and minimize the potential for unintended consequences.

Rollovers and transfers are options that allow employees to move funds from one retirement account to another, such as from a 457(b) plan to an IRA or another qualified retirement plan. Rollovers and transfers can be complex, and it's important for employees to understand the rules and potential tax implications before making a decision.

Working with a specialist can be particularly helpful when it comes to rollovers and transfers. A financial advisor or retirement planning specialist can help employees assess their options and determine the best strategy for moving their retirement funds. They can provide guidance on the tax implications of different options, help employees understand any restrictions or deadlines that may apply, and develop a plan for transferring or rolling over funds that aligns with the employee's long-term retirement goals. By working with a specialist, employees can feel confident that they are making informed decisions about their retirement savings and maximizing their potential for long-term growth.

It's also worth noting that some 457(b) plans may have restrictions on rollovers or transfers, so it's important for employees to understand the rules of their specific plan before making any decisions. A specialist can help employees navigate these restrictions and identify the best options for their unique situation.

  • Introduction to the 457(b) Plan
  • Enrollment Process
  • Investment Options
  • Contribution Limits and Strategies
  • Loans and Withdrawals
  • Rollovers and Transfers

A 457(b) deferred compensation plan is a type of retirement plan that is available to employees of state and local governments, as well as certain tax-exempt organizations. This plan allows employees to set aside a portion of their salary on a pre-tax basis, which can then be invested and grow tax-free until the funds are withdrawn in retirement. The name "457(b)" comes from the section of the Internal Revenue Code that governs this type of plan.

Unlike other retirement plans, such as 401(k)s or IRAs, there are no early withdrawal penalties for taking money out of a 457(b) plan before age 59 ½, as long as the employee has separated from service. This can make 457(b) plans a popular choice for employees who may be retiring before they reach traditional retirement age. However, if an employee takes money out of the plan before they separate from service, they will be subject to penalties and taxes. It's important for employees to understand the rules and restrictions of their 457(b) plan in order to maximize the benefits of this valuable retirement savings tool.

Enrolling in a 457(b) deferred compensation plan can be a complex process, especially for employees who may not be familiar with retirement planning or investment strategies. That's why it's important to work with someone who can guide you through the enrollment process and help you make informed decisions about your retirement savings. This could be a financial advisor, a human resources representative, or another knowledgeable professional.

During the enrollment process, employees will typically need to make decisions about how much money they want to contribute to the plan, how those contributions will be invested, and how they want to receive payments in retirement. A professional can help employees navigate these choices by providing information about different investment options, explaining the tax implications of various decisions, and helping employees understand how their contributions will impact their overall retirement income. By working with a knowledgeable professional during the enrollment process, employees can feel confident that they are making informed decisions that will help them reach their retirement goals.

A 457(b) deferred compensation plan offers a range of investment options for employees to choose from, depending on their risk tolerance and retirement goals. These options may include mutual funds, target-date funds, index funds, and individual stocks or bonds. Each investment option has its own level of risk and potential for growth, so it's important for employees to carefully consider their options and choose investments that align with their personal financial goals.

Working with a professional can be particularly helpful when it comes to selecting investment options for a 457(b) plan. A financial advisor can help employees assess their risk tolerance, evaluate different investment options, and develop a personalized investment strategy that maximizes the potential for growth while minimizing risk. They can also provide ongoing guidance and support as employees monitor their investments and make adjustments over time. By working with a professional, employees can feel confident that they are making informed investment decisions that will help them reach their retirement goals.

Contributing to a 457(b) deferred compensation plan is a powerful way to save for retirement, but it's important for employees to understand the contribution limits and develop a strategy that works for their personal financial situation. For 2023, the annual contribution limit for a 457(b) plan is $19,500, with an additional catch-up contribution of up to $6,500 for employees who are age 50 or older. However, some plans may offer additional contribution options, such as the ability to make catch-up contributions in the three years leading up to retirement.

Working with a specialist can help employees develop a contribution strategy that maximizes their retirement savings potential while staying within the contribution limits of their plan. A financial advisor or retirement planning specialist can help employees assess their financial situation, determine the appropriate contribution amount, and develop a plan for regular contributions that aligns with their long-term retirement goals. By working with a specialist, employees can feel confident that they are making the most of their 457(b) plan and maximizing their retirement savings potential.

A 457(b) deferred compensation plan may offer employees the ability to take loans or make withdrawals from their account, but these options come with restrictions and potential penalties. Loans from a 457(b) plan must be repaid within a specified period of time, typically five years, and failure to repay the loan could result in taxes and penalties. Withdrawals from a 457(b) plan are subject to income tax and a potential 10% penalty if the employee is under age 59 ½, with some exceptions for certain circumstances such as disability or death.

Working with a specialist can help employees understand the implications of taking loans or making withdrawals from their 457(b) plan. A financial advisor or retirement planning specialist can help employees determine whether taking a loan or making a withdrawal is the best option for their financial situation, and provide guidance on the tax and penalty implications of these decisions. By working with a specialist, employees can make informed decisions about their 457(b) plan that align with their long-term retirement goals and minimize the potential for unintended consequences.

Rollovers and transfers are options that allow employees to move funds from one retirement account to another, such as from a 457(b) plan to an IRA or another qualified retirement plan. Rollovers and transfers can be complex, and it's important for employees to understand the rules and potential tax implications before making a decision.

Working with a specialist can be particularly helpful when it comes to rollovers and transfers. A financial advisor or retirement planning specialist can help employees assess their options and determine the best strategy for moving their retirement funds. They can provide guidance on the tax implications of different options, help employees understand any restrictions or deadlines that may apply, and develop a plan for transferring or rolling over funds that aligns with the employee's long-term retirement goals. By working with a specialist, employees can feel confident that they are making informed decisions about their retirement savings and maximizing their potential for long-term growth.

It's also worth noting that some 457(b) plans may have restrictions on rollovers or transfers, so it's important for employees to understand the rules of their specific plan before making any decisions. A specialist can help employees navigate these restrictions and identify the best options for their unique situation.

You Are Important

We value every interaction with our clients and strive to build long-lasting relationships based on trust, respect, and mutual benefit.

Make an Appointment

The first step in our appointment process is to schedule a time that works for you.

One-Hour Consultation

During your appointment, we will provide you with a one-hour consultation with one of our financial experts.

Your Problems Solved

Begin the process of putting together your personalized plan to achieve your financial goals. By the end of our one-hour consultation, our goal is for you to have a clear understanding of your financial situation and a personalized plan to achieve your financial goals.

The Power of Starting Small

Many people believe that in order to achieve significant financial growth, they need to make large investments or have a lot of money to begin with. However, the truth is that starting small and being consistent can lead to significant outcomes over time.

By making small contributions to an investment account, even just a few dollars a day, you can take advantage of the power of compounding. As your investment grows, the returns generated by your investment also grow, leading to even greater returns over time.

Lets look at a few Examples

Example 1: Say you’re a smoker, and you spend $15 a day on cigarettes. That’s $450 a month and $5,400 a year. If you quit smoking and invested that same $10 a day in an account that earned an average annual return of 8%, you could potentially have $611,729.34 after 30 years.

Example 2: Let’s say you’re in the habit of eating out for lunch every workday, and you spend $20 a day on average. That adds up to $600 a month and $7,200 a year. Instead, if you brought your lunch from home and invested that $20 a day in an account that earned an average annual return of 8%, you could potentially have $329,486.14 after 20 years.

These examples illustrate

that by starting small and being consistent with your contributions, you can potentially achieve significant financial growth over time. It’s important to remember that every little bit counts, and even small contributions can lead to significant outcomes when invested in an account that earns compound interest.

So, whether you’re just starting out or looking to grow your existing investment portfolio, remember that starting small can lead to huge outcomes over time. By making small, consistent contributions and taking advantage of the power of compounding, you can potentially achieve your financial goals and secure your financial future.

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