Start the smart way. Enroll today in an employer's retirement savings program.

 

IT'S EASY. Contributions to an account are automatically deducted from individulas' paycheck – so they will never forget to invest.

 

IT'S SMART. Contributions are deducted before taxes are calculated – so individuals may reduce their current tax obligations.* Note that, if a plan allows for Roth contributions, these contributions are deducted from paychecks after taxes are taken out, and therefore do not offer a reduction of current tax obligations.

 

IT'S FLEXIBLE. An employer's plan offers a range of options. Individulas can choose what fits their investment style and financial goals.

 

These resources will help employees get ready to save:

 

• Save for retirement: the earlier, the better
• Take-home pay: How will contributions affect it?
• Tiny steps can make a difference
• Employer Match: It's an added bonus
• How much to contribute?
• 50 or over? It's not too late!

 

*Withdrawals prior to retirement age (e.g., 59½ for 403(b) and 70½ for 457(b) plans) are generally prohibited. The taxable portion of a distribution from a retirement plan is generally taxed as ordinary income in the year distributed. For 403(b) and 401(k) plans, an additional 10% federal penalty tax may apply to taxable distributions made prior to age 59½. Withdrawal charges may also apply. Consult a tax advisor to determine whether an exception to these tax rules may apply.

 

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