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​​Focus Areas

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In the New York region, Mutual Inc. brings decades of experience working with individuals, employers and other organizations. Our focus areas include but are not limited to the those listed below. Contact us for more information about who we serve and what we can do to help improve your financial success.

403(b) Plans

A 403(b) plan provides a great savings opportunity for employees of school districts, churches and other tax exempt organizations. Participants can set aside money in a 403(b) account and invest it for retirement to shore up state retirement or other benefits. We can help clarify why a 403(b) plan could work as part of your retirement strategy, show you how to enroll in your plan and help you understand your investment options. 

For employers seeking to establish a 403(b) plan for employees, we’re here to support you as well. PlanMember provides comprehensive solutions including development of a Plan Document, administration of contribution limits, processing loans and distributions, as well as helping to ensure your plan remains in compliance with IRS regulations. Contact us to find out how we can develop a comprehensive 403(b) plan solution for your organization.

401(k) Plans

A 401(k) retirement savings plan is for employees of for-profit companies who wish to save for retirement on a pre-tax or after-tax basis. This plan features the ease of automatic payroll deduction and provides a number of powerful tax advantages to help participants save and invest for retirement. Employee participation in a 401(k) plan is voluntary, but offers an additional retirement income source to Social Security or state pension system benefits. The tax advantages to saving into a 401(k) plan include pre-tax contributions that lower taxable income, the power of tax-advantaged growth and after-tax Roth contributions. Contact us with any questions and to learn how to maximize 401(k) benefits to augment your savings goals.

457(b) Plans

A 457(b) plan is available to employees of state and local governments — including police officers, city employees and staff of other tax-exempt organizations. If you’re eligible to participate, your employer may allow you to contribute to another plan at the same time, such as a 403(b) plan. It’s important to have an experienced professional help guide these important retirement plan decisions, so contact us to schedule a meeting to determine if participating in a 457(b) plan may be right for you.

Rollover IRAs

If you need to move funds from your old employer-sponsored retirement plan into an IRA without triggering a taxable event, then a Rollover IRA may be the right solution for you. A Rollover IRA can preserve the tax-deferred status of your retirement assets without paying current taxes or early withdrawal penalties at the time of transfer. There are certain circumstances where a Rollover IRA could become taxable. You have choices about when to move your retirement assets, and we can help guide you toward the best options for your unique situation, including helping you determine which IRA is best for you, a Roth or Traditional IRA.

Annuities

An annuity is an insurance product that provides income in retirement and can be used as part of an overall retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement. But is an annuity right for your unique goals and personal circumstances? Whether you need a guaranteed payout from a fixed annuity or a payout stream from a variable annuity, we can help you determine if an annuity might be a good option for your investment portfolio. Contact us to learn more.

Withdrawals from annuities, including partial withdrawals and surrenders, may be taxable. If you take a taxable withdrawal before age 59 ½ you may have to pay a 10% penalty to the IRS in addition to your normal income taxes. Purchasing an annuity with a retirement plan that already offers tax deferral results is no additional tax benefits. The guarantee of the annuity is backed by the financial strength of the underlying insurance company. Guarantees and benefits are subject to claims-paying ability of the insurance company. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation.

Life Insurance

Many people find it difficult to talk about life insurance. Though starting the conversation may not be easy, it is essential to a comprehensive financial strategy. It’s hard to argue against the need to insure a car, home or engagement ring, assets that you work hard to attain and should protect, but the truth is that you matter more than any of those assets. If you were no longer here, your loved ones would need to be protected. Our dedicated team will help find the best solutions for protecting you, your family and assets.

ERISA Plans

Our firm helps employers offer full-service 401(k) or ERISA 403(b) retirement plan solutions that benefit both the employer and their employees. We can help your organization with:

  • Creative plan designs to help attract and reward key employees
  • Complimentary plan analysis to see how your plan’s fees and expenses stack-up against plans of similar size
  • Identify any defects in your plan document and/or administrative structure
  • Investment options to help meet the diverse needs of employees
  • Comprehensive education and enrollment services to help maximize plan participation
  • Personalized planning support for employees
  • Department of Labor compliance with administrative and reporting procedures
  • Plan sponsor fiduciary support
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