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Changes To Your 457 Plan, Other Accounts in 2015

by smeneshi - Dec 18, 2014 Courtesy of Congress, Christmas came early this year with some beneficial changes for savers taking effect in 2015.  Most changes will be positive, but our lawmakers did leave us with a couple lumps of coal. Continue Reading ?

Tax & Penalty-Free Withdrawals From IRAs Before 59 1/2 are Possible

by smeneshi - Nov 25, 2014 Many of you have benefited from saving away your hard-earned money into a 457 plan. The 457 plan, like ALL retirement plans, has its advantages and drawbacks. One of the drawbacks of a deferred comp Continue Reading ?

Protected: Words to the Wise Bread

by smeneshi - Nov 17, 2014 There is no excerpt because this is a protected Continue Reading ?

Cut Your 457 Plan Costs [Wall Street Journal Interview]

by smeneshi - Nov 11, 2014 Wall Street Journal Interview   Sev Meneshian, on Reducing Costs in 457 Retirement Plans Nov. 10, 2014 11:12 a.m. ET Voices is an occasional column that allows wealth managers to address issues of interest to the advisory Continue Reading ?

FAQs about LTC (1 of 2)

by smeneshi - Nov 08, 2014 ANSWERED…Your Top 10 Questions About Long-Term Care (Part 1 of 2) 1) What exactly is long-term care? Long-term care is a general term for services needed to help with doing everyday activities. Even though LTC can Continue Reading ?

Easy (LTC insurance) Riders

by smeneshi - Nov 08, 2014 1) Inflation Protection An inflation protection rider makes sure that your LTC benefits grow in value every year. The inflation protection rider is very important because your benefits won’t be eaten away by the invisible Continue Reading ?

The 3 Ways Most Government Workers and Retirees “Plan” for LTC

by smeneshi - Nov 08, 2014 1) Do Nothing One thing you can do to prepare for the chance of needing expensive long-term care is simply nothing. Using this strategy, you’re just hoping for the best. Either you’re hoping that you Continue Reading ?

Top FAQs About LTC (2 of 2)

by smeneshi - Nov 08, 2014 6) How much and for how long will a LTC policy pay you? The answer to this question also depends on the policy that you bought. For example, some policies will cover the entire cost Continue Reading ?

IRS Announces New 457 Plan Contribution Limits

by smeneshi - Oct 23, 2014 The Treasury Department Releases 2015 Figures For Your 457 Plan, IRA, and Other Retirement Plan Limits. 401(k), 403(b), Thrift Savings Plan, & 457 plan Contribution Limits The maximum contribution to a 457 plan, 401(k), 403(b), Continue Reading ?

4 Easy Tricks to Avoid Getting Scammed

by smeneshi - Sep 26, 2014 Greed has an interesting (and very effective) way of getting in the way of common sense. I know a handful of people that have fallen for a Ponzi scheme and let me be perfectly 100% Continue Reading ?

You’ll get nothing…and like it! (the NPR interview)

by smeneshi - Aug 25, 2014 Based on the e-mails I received, a lot of you were disgusted when it came out that Philip Seymour Hoffman wasn’t leaving his millions to his three kids (so he thought). The late actor said Continue Reading ?

Your 457 Plan and Long-Term Care

by smeneshi - Aug 20, 2014 A HUGE THANK YOU is owed to the 20 or so public sector employees (both active and retired) who took valuable time from their day to help me with the research presented here.  After hours of Continue Reading ?

Here’s How 1 Couple Recovered From the Housing Crash (WSJ Interview)

by smeneshi - Aug 20, 2014 Alex Coppola’s interviews Sev Meneshian, CFP®                                                           Continue Reading ?

IMRF Pension Will Pay You 7.5% (rate can change) on Your Contributions

by smeneshi - Aug 20, 2014 Contributing to your 457 deferred compensation plan is an excellent way to save for retirement.  But did you know the Illinois Municipal Retirement Fund (IMRF) Voluntary Additional Contribution program gives you the opportunity to earn 7.5% (subject Continue Reading ?

You Can Benefit From More Than Just Your 457 Plan [Chicago Tribune Interview]

by smeneshi - Aug 20, 2014 ***The content in this post is from a Chicago Tribune article*** Click HERE for the link to the site where the article was originally posted. Maxing employee retirement benefits Many Americans 50 or older will Continue Reading ?

How Can $5 – $3.50 = $8?

by smeneshi - Aug 20, 2014 There’s a great little pizza place near Public Retirement Planners, LLC  in Evanston that I stop in for lunch about once a week.  Recently, I picked up a slice of pizza for $3.50 and was Continue Reading ?

Preserve Your 457 Plan…Celebrate National Biscuit Month!

by smeneshi - Aug 20, 2014 If you do a simple Web search for “bizarre and unique holidays” you’ll be entertained by what’s out there.  For example, there’s National Welding Month, National Picnic Month (this should not apply to ants), National Continue Reading ?

Attack of the 457 Plan Tax Zombies! (Part 2 of 2)

by smeneshi - Aug 20, 2014 Terrifying Income Tax Issues Are Lurking For Public Sector Retirees The intention during your working years was to save a lot in taxes now and pay less in retirement – not the same or more, Continue Reading ?

Attack of the 457 Plan Tax Zombies! (Part 1 of 2)

by smeneshi - Aug 20, 2014 Why Are Terrifying Income Tax Issues Lurking for Public Sector Retirees?    Many of you in the public sector wisely make payroll contributions to your 457 deferred compensation plan to save for retirement.  Another reason why you Continue Reading ?