The Plan Puts You in Control

The Plan puts you in control of when, where and how much you invest. But, that's just the beginning. When you retire, you are also in control of when you access your money and how long you choose to leave it in your plan account to possibly grow for you, until you reach 72 and are required to take minimum distributions.There are plenty of benefits to staying active with your Plan account after retirement.

When you are considering investing, you’ll want to keep in mind that you will face market risk. Because of it, your investments could lose value. We can help you market risk and the ways to possibly reduce its impact to your plan account.

Possible benefits of staying in the Plan

Unless you need your money now, staying in the Plan should be a “no-brainer.”

In retirement, when you decide to keep your money in your Plan account, you will continue to receive personal attention from non-commissioned Account Executives. More reasons to stay active in the plan include:

• Watching your money potentially continue to grow, tax-deferred
• Delaying federal, state and local income taxes until you may be in a lower tax bracket. Withdrawals of pre-tax deferrals and earnings are then taxed as ordinary income. If qualified, distributions of Roth 457 deferrals and earnings are tax-exempt.
• Retaining access to your money – if you roll your money into another plan, you are subject to the rules of the new plan, and access to your money may be limited

Possible benefits of combining assets

After retirement, you may make managing your money easier by combining your other defined contribution retirement assets to your Plan account. Combining your assets the Plan can benefit you because:

• Paperwork is simplified
• You may pay less in annual account fees
• You receive personal help from Account Executives throughout retirement

As you consider combining assets into your Plan account, bear in mind that qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over to your Plan account(s) may be subject to surrender charges, other fees and/or a 10% tax penalty if withdrawn before age 59½. Neither the Plan nor any of its representatives give legal or tax advice. Please contact your legal or tax advisor for such advice.

Get the help you need

Talk with one of our Account Executives for more information.

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