Introduction
If you are an employee or retiree of the State of Michigan, understanding how your 457 plan, and overall financial picture fit together can play an important role in your long-term planning, both before and in retirement. This page is designed to provide updates, educational resources, and insights specific to the State of Michigan 457 savings plans, along with broader retirement planning considerations.
Mainstay Capital Management has worked with State of Michigan employees and retirees, assisting with investment decisions within their retirement plans, evaluating pension options, and coordinating financial planning, tax strategy, and estate planning. Whether you are actively contributing, approaching retirement, or already in retirement, having a clear understanding of your State of Michigan benefits can help you make more informed decisions.
Below, you will find updates, plan changes, and resources related to the State of Michigan 457 plans, along with topics that may impact your financial decisions.
Schedule a meeting with one of our Senior Wealth Advisors here.
State of Michigan News and Articles
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Dow Jones Newswires
Adviser Fights Fear About GM With Fact -
Chicago Tribune
Consider financial future before accepting buyout -
Wall Street Journal
How to Value the Buyout Offer
If you have any questions concerning our website or your State of Michigan 401(k)/457 account, please feel free
to contact us using the following email link: Mainstay@mainstaycapital.com
or call us toll-free 866-444-6246.
Mainstay Capital Management, LLC
has been ranked by Barron's as one of the "Top 100 Independent Financial Advisors" in the country for the past eighteen years.
Ranking Disclosure
David Kudla, CEO
Mainstay Capital Management
Rings the Closing Bell at the
NYSE on January 2, 2020
Mainstay Capital Management, LLC
was selected as the winner of the Trailblazer IMPACT Award on November 15, 2017. This award recognizes a firm for their entrepreneurial spirit and drive to advance the industry’s interests.
Ranking Disclosure
David Kudla, CEO
Mainstay Capital Management
Rings the Closing Bell at the
Nasdaq on March 29, 2017
Important Consumer Disclosures
Mainstay Capital Management, LLC is an investment advisor registered with the Securities and Exchange Commission. Due to various state regulations and filing requirements, Mainstay and its representatives may only provide investment advisory services in those states in which it is first appropriately registered or otherwise exempt or excluded from registration requirements. The purpose of this website is to provide the public with general information about the services offered by our investment management firm. Mainstay does not render personalized investment advice or services or effect, or attempt to effect any securities transactions, on this website. Our firm continuously monitors its filing requirements in all states, and will provide individualized advisory services only in accordance with various state regulations. Mainstay does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to Mainstay's website or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Disclosure Information - Rankings and Awards
Barron's Magazine - Top 100 Independent Financial Advisors
According to Barron’s: The rankings are based on data provided by individual advisors and their firms. Advisor data is confirmed via regulatory databases, cross‐checks with securities firms and conversations with individual advisors. The formula Barron’s uses to rank advisors is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by the risk tolerance of clients. The quality of practice component includes an evaluation of each advisor’s regulatory record. The data is based on one fiscal year (7/1/25 - 6/30/26) and appeared in Barron’s on 9/11/26.
Schwab IMPACT Awards®
The Charles Schwab & Co., Inc.’s IMPACT Awards® program recognizes excellence in the business of independent financial advice. Nominees are evaluated and selected by a panel of prominent leaders from both the business world and the financial services industry. Mainstay Capital Management does use Charles Schwab to custody certain client assets, however there was no direct compensation provided to be nominated for this award. Mainstay Capital Management received this annual award on November 15, 2017.