Preview457(b) Plan

457(b) Plan

Retirement savings benefits for governmental employees

Government 457(b) deferred compensation plans, also known as 457 retirement plans are designed for state and municipal workers.

If you participate in a 457 plan, you can contribute a portion of your salary to a retirement account.

We have agreements with various providers to assist you in setting up and servicing a 457(b) account through your employer’s plan.

Your Program

You may be able to participate in your program. Benefits of your plan include:
Business people group.
  • Tax deferred saving  
  • Convenient payroll deduction 
  • Wide range of investment options 
  • Thousands of Mutual Funds Available 
  • May be possible to combine with other existing retirement assets 
  • No load funds available
  • Independent advisor to assist you

Tax Savings

Your contributions are made to your account BEFORE taxes are taken out. As a result, your taxes are reduced.
 
Here is an example:
$100 contribution
X 31 % Marginal Tax Bracket
(25% federal, 6% NYS) 
_______________________
$31 per contribution withholding
 
$100 contribution  
$31 withholding decrease
_______________________
$69 decrease in take home pay
 
Each $100 contribution to your plan would only decrease your take-home pay by $69. This puts more money to work for you.

JEFFREY HAHN

“Our goal is providing financial benefit at the highest level of quality, professionalism and friendliness”

Securities and Advisory Services offered through Cadaret, Grant & Co., Inc., a Registered Investment Advisor and Member FINRA / SIPC. SC Parker and Cadaret, Grant & Co., Inc. are separate entities. This Web site is only intended for residents of states where we are licensed to sell Insurance and Securities.
 
Currently, we are registered to sell Securities in the following states: AZ, CA, CO, CT, FL, GA, HI, IL, IN, LA, MA, MD, MI, NC, NH, NJ, NM, NY, OH, PA, SC, SD, TX, UT, VA.
Check the background of this financial professional on: FINRA’s Broker Check.
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Securities and Advisory Services offered through Cadaret, Grant & Co., Inc., a Registered Investment Advisor and Member FINRA / SIPC. SC Parker and Cadaret, Grant & Co., Inc. are separate entities. This Web site is only intended for residents of states where we are licensed to sell Insurance and Securities.
 
Currently, we are registered to sell Securities in the following states: AZ, CA, CO, CT, FL, GA, HI, IL, IN, LA, MA, MD, MI, NC, NH, NJ, NM, NY, OH, PA, SC, SD, TX, UT, VA.
Check the background of this financial professional on: FINRA’s Broker Check.