Benefits of Participating in Your Employer’s Retirement Plan
Why should you enroll in your employer’s retirement plan?
Did you know…
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That retirement can last for 30 years or more?
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That a common rule to follow is that a retiree will need up to 80% of his/her annual income today to retire comfortably?
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That the average benefit amount paid monthly by the Social Security Administration is $1,177?
Employee Benefits
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Tax on employee and employer contributions is deferred until distributed.
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Investment gains in the plan are not taxed until distributed.
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Retirement assets can be carried from one employer to another.
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Contributions can be made easily through payroll deductions.
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Saver’s Credit is available.
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Flexible plan options are available.
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Better financial security at retirement.