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Secure Your Future – Enroll in a Savings Plan Today!

Secure Your Future – Enroll in a Savings Plan Today!. Presented by: Thomas R. Martinez, Pension/Savings Specialist. Why defer contributions into a Tax Qualified Savings Plan?. Contributions are Pre-Tax = immediate tax savings.

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Secure Your Future – Enroll in a Savings Plan Today!

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  1. Secure Your Future – Enroll in a Savings Plan Today! Presented by: Thomas R. Martinez, Pension/Savings Specialist

  2. Why defer contributions into a Tax Qualified Savings Plan? • Contributions are Pre-Tax = immediate tax savings. • Your money grows within the Plan without any taxes on the earnings and growth. • Your money compounds interest = Growth. • Taxes on earnings in the Plan are deferred until distribution at retirement. • At time of retirement and distribution, you could be in a lower tax bracket.

  3. Savings Plans Choices What savings plans are available to me?

  4. Contribution Limits

  5. Enroll Today in a Savings Plan • For the 403b Plan: • Salary Reduction Agreement • Select the percentage or dollar amount you want to defer to your savings plan(s). • Fund Sponsor Agreement • Complete for each Fund Sponsor you want to invest with. • There are 8 Fund Sponsors with an array of investment opportunities/funding vehicles. • No COMMITMENT • You can elect in or out at anytime in the 403b on month by month basis. • Need to submit your election by the 10th of the month to contribute or stop contributing for that month.

  6. Enroll Today in a Savings Plan(cont.) • For PERA 401k and 457 Savings Plans • The Fund Sponsor is ING • For more information, contact PERA or visit https://copera.org/pera/active/dc.htm

  7. Questions We have a table! Come by and pick up your Salary Reduction Agreement and Fund Sponsor Agreements. You can also come by and ask us questions.

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