Are You Ready For Your Future

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Are You Ready For Your Future?  
The CCAC 403(b) Retirement Plan  
Douglas E. Knable, CLU, ChFC
John R. Sinclair Waterfront
Corporate Park 2200 Georgetowne Drive Suite
100 Sewickley, Pennsylvania 15143 800 594-9503
724 940-6302 (Fax) doug.knable_at_LFG.com john.sincl
air_at_LFG.com  
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The 403(b) plan is a tax-deferred retirement
plan. It is available to employees of
educational institutions such as Community
College of Allegheny County (CCAC) and many
non-profit organizations. A 403(b) plan can help
you start investing on a regular basis for your
retirement with contributions through automatic
payroll deductions. Your gross taxable income
is reduced by the contributions you make and the
money in the 403(b) plan will grow on a
tax-deferred basis. Participation in the plan
will not affect your social security taxes and
your other college benefits will remain
unchanged.   The CCAC 403(b) Plan is a
mandatory participation plan that requires
participation at 5 of your pay. You can
contribute to the CCAC 403(b) plan as long as you
are a fulltime employee with an eligible employer
and the employer permits salary reduction
contributions. Enrollment in the plan is done by
contacting your campus Business Manager and
completing a Salary Reduction Agreement. The
amount of your contribution can be increased at
any pay period. At enrollment, we would be
pleased to assist you in selecting from among the
variety of investment options available for, and
specific to, your 403(b) plan.   A 403(b) is a
long-range retirement plan. You can elect to
have your assets from your 403(b) paid to you
through automatic or lump sum withdrawals or you
can exercise annuity payout options. According
to IRS regulations, you are required to receive
distributions no later than April 1st following
the year you reach age 70 1/2 (unless you are
still working at the college or another
non-profit organization). When distributions are
paid at retirement, Lincoln Financial Advisors
will report the money as ordinary income. One of
the benefits of the 403(b) plan is that you may
be in a lower tax bracket at retirement and pay
less tax on the money. Once you begin receiving
required distributions, you must continue to
receive them until your account is depleted or
until death.
With a 403(b) retirement plan, the goal is to
keep what you earn todayand that can provide
greater rewards for you tomorrow. 
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There are circumstances when the IRS permits
withdrawal of elective contributions and earnings
from a 403(b) account besides the normal
retirement distribution. Distributions can be
requested for reasons such as termination from
the college, total or permanent disability, or
for qualified domestic relations orders. If
money is withdrawn for one of these reasons,
income taxes must be paid, unless the
distribution is rolled to an IRA or another
employers plan. In addition, the account may
have a 10 tax penalty imposed for withdrawals
made before age 59 1/2. If you die before
electing a payment option, distribution will be
paid to your named beneficiary .   Participating
in a 403(b) retirement plan offers you the
opportunity to maximize your retirement benefits
by taking advantage of tax-deferred earnings and
receiving college matching contributions. With
the CCAC 403(b) plan, the goal is to keep more of
what you earn todayand that can provide greater
rewards for you tomorrow. 
Your 403(b) Team - Planning For Your Future  
We are affiliated with Lincoln Financial
Advisors, a proud member of Lincoln Financial
Group, the marketing name for Lincoln National
Corporation, a prominent financial services
company dedicated to helping clients build and
protect wealth. This affiliation provides depth,
stability and significant resources to our
clients whom we serve First, Last and Always.  
  (Left to Right) Sue Morrone, Lynda Bonenberger
(photo unavailable) Support Administrators John
Sinclair, Financial Planning Advisor Douglas
Knable, Financial Planning Advisor Laura Radko,
Financial Planning Advisor Kevin Tatar,
Retirement Consultant  
Consider the investment objectives, risks,
charges, and expenses of the variable product and
its underlying investment options carefully
before investing. Call me for a prospectus. The
prospectus contains this and other information
about the variable product and its underlying
investment options. Read it carefully before
investing.  
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Douglas E. Knable, CLU, ChFC Waterfront Corporate
Park 2200 Georgetowne Drive, Suite 100 Sewickley,
Pennsylvania 15143 doug.knable_at_LFG.com Toll Free
800 594-9503 Ext. 6309 Direct 724 940-6309 Fax
724-940-6302
John R. Sinclair Waterfront Corporate Park 2200
Georgetowne Drive, Suite 100 Sewickley,
Pennsylvania 15143 john.sinclair_at_LFG.com Toll
Free 800 594-9503 Ext. 6312 Direct 724
940-6312 Fax [phone]
Dougs career as a financial advisor spans 29
years, maintaining his affiliation with the same
firm in the Pittsburgh area. A graduate of Grove
City College, he specializes in Wealth Transfer
and Accumulation and Retirement Planning for
affluent individuals. Doug has consistently been
honored as the Pittsburghs Regional Planning
Offices Planner of the Year during his career.
As the CEO of FamilyWealth Management Group,
LLC, Doug and his partners manage over 400
million helping clients achieve peace of mind
through the attainment of their financial
objectives and forging mutually profitable
long-term relationships with their Serve First,
Last and Always philosophy. For the past 15
years, Doug has played an active roll on the CCAC
Educational Foundation Board, and currently
serves as President and Chairman of the
Foundation. Doug has been a frequent lecturer on
the subjects of Investment Allocation, Retirement
and Estate Planning. Doug is an active member of
many local and national industry and charitable
organizations.  
John is a 24-year experienced registered
representative and holds licenses and credentials
that allow him to offer services in the many
facets of financial planning, pension, and profit
sharing retirement plan work. His practice
focuses on estate and financial planning as well
as assisting retirement plan participants in
making informed decisions regarding their
planning objectives. His professional
accomplishments have included Producer of the
Year for Pittsburghs Lincoln Financial Advisors
Regional Office and consistent membership in
Lincoln's prestigious President's Cabinet. His
clients currently have in excess of 50 million
invested through plans and products he services.
John has a Bachelor of Science from the U.S.
Naval Academy and is retired from the Navy
Reserve at the rank of Captain (06) with 30 years
of service. He is a Charter Trustee of the
Northland Public Library Foundation, active with
local naval organizations, founded the annual
Pittsburgh Naval Fleet week, treasurer for a
local volunteer fire company and active in his
church community.  
Any discussion pertaining to taxes in this
communication may be part of a promotion or
marketing effort. As provided for in government
regulations, advice (if any) related to federal
taxes that is contained in this communication
(including attachments) is not intended or
written to be used, and cannot be used, for the
purpose of avoiding penalties under the Internal
Revenue code. Individuals should seek advice
based on their own particular circumstances from
an independent tax advisor.
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advisory services offered through Lincoln
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a division of Lincoln Financial Advisors Corp., a
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and its affiliates. CRN 200508-1002730