Mylestone Plans

 



 

 

Mylestone Plans is a national leader in helping members of the non-profit community achieve their financial goals. Our firm provides a comprehensive range of institutional services to hundreds of non-profit organizations, as well as private financial and investment planning to their leadership and employees.

Across our clientele, our stellar service, unflagging attention to detail and deep commitment to your success help to set us apart. Our Services are:

  • 401(k) and 403(b) plans
  • 457(b) and 457(f) Executive Deferred Compensation Plans
  • Comprehensive Retirement Income Planning
  • Customized Investment Solutions for Endowments/Foundations

401(k) and 403(b) Plans

At Mylestone, we are extremely committed to helping your employees prepare for retirement with a sense of security. Mylestone’s Retirement Plan program includes identifying the best retirement plan for your organization - but that’s just the start. From enrolling participants to helping them set financial goals, to coaching them in sound investing, we provide an unmatched level of active, ongoing support. Our guidance even extends beyond the retirement plan - to everything from educating younger employees on debt management and college funding to more sophisticated advice on investments and estate planning for more senior executives.







 

457(b) and 457(f) Executive Deferred Compensation Plans

Mylestone specializes in executive deferred compensation plans, and in creating innovative supplemental executive retirement plans (SERPs) to help your executives generate tax-free retirement income.

For example, most nonprofit organizations can set up nonqualified non-governmental 457(b) top hat plans to bonus their executives up to $18,000 per year. Employer contributions to a 457(b) account are considered additional ordinary income to the executive and thus the organization must pay FICA on the amount contributed. However, because the money is sent directly to the 457(b) account the executive avoids paying federal and state ordinary income taxes until distribution at retirement.

If the amount of bonus is less than $18,000 then the executive can defer the remainder from their own salary to get a deeper income tax shelter. There are other specialized rules involving this great benefit.

To learn more please contact Amir B. Eyal, JD, CFP®. or visit the Center Retirement Plan Program website

Comprehensive Retirement Income Planning

You have worked hard, saved diligently, and invested carefully to position yourself for a comfortable retirement. But the journey doesn’t end there. As you approach retirement—and even after you have retired—new questions may arise, including:

• Will I be able to maintain the retirement lifestyle that I envision?
• Will my income in retirement be sufficient to meet my essential needs?
• Will I have enough income to last throughout my retirement?
• Will I successfully be able to manage risks to my retirement income?

  • Personalized retirement income consultation:

To help you answer a confident “yes” to all of these questions, our Mylestone professionals offer personalized consultations. During these meetings, we encourage pre-retirees to envision their retirement years. Do they want to travel the world, start a business, or stay close to home, family, and friends? Are there health issues or other special considerations that will affect their retirement situations?

Using our unique planning process, our advisors analyze your resources, projected income, and expenses to help you develop a strategy to help ensure adequate and reliable sources of retirement income.

  • Personalized retirement analysis report:

You will receive a personalized retirement analysis report that includes dynamic charts and graphs that make it easy to grasp retirement income concepts. The retirement analysis report also helps you understand how different strategies, such as saving more, retiring later, or adjusting your investment’s asset allocations, may impact your retirement goals.

 

 

 

Mylestone’s retirement income planning process incorporates our experience in its design and analytical approach, including:

• Retirement “what if” modeling allows retirement consultants to compare and contrast how key factors, such as retirement age, the age participants begin receiving Social Security benefits, savings rates, and longevity, affect participants’ retirement incomes.

• Detailed expense modeling allows retirement consultants to more accurately estimate retirement expenses and differentiate between essential and discretionary expenses.

• Asset allocation modeling, including “what if” scenarios, helps participants explore how changes in investment strategy may affect their retirement goals.

• Monte Carlo modeling allows participants to see the impact of variable market conditions and to “stress test” strategies under unfavorable market conditions.

• A retirement analysis report highlights key information and potential action items.

Mylestone’s professionals are equipped to help you make the transition from saving for retirement to living in retirement, whether retirement is right around the corner or several years away. We can empower you to implement a personalized retirement income strategy to help you retire.

Customized Investment Solutions for Endowments/Foundations

Mylestone Plans delivers customized management solutions for endowments, foundations and other institutions - all in a collaborative, client-focused framework.

Services include:

• Goal setting
• Asset allocation
• Manager due diligence and selection
• Portfolio rebalancing
• Performance evaluation
• Attention to socially responsible investment preferences

To learn more please contact Amir B. Eyal, JD, CFP®. or visit the Center's Retirement Plan Program website.