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In this tutorial, Alan Gisi, president and founder of North Star Financial Planners, addresses individuals nearing retirement from FRS employers, particularly those in special risk positions. He emphasizes that many have deferred compensation plans but have not fully utilized their benefits. Gisi notes that the opportunity to enhance their 457 plan is limited as they approach retirement. He reflects on a past experience with a friend's retirement plan review, including advice from plan advisors, stressing the importance of understanding these plans early on to maximize their value before retirement. Gisi encourages viewers to consider their options while there's still time.
