MANAGE & SUPPLEMENT YOUR 401(K)

For most people, an employer-sponsored retirement plan is the easiest way to prepare for retirement in a cost-effective manner. Here are the primary advantages:

No up-front taxes-money that you contribute is generally pre-tax dollars and your earnings are not taxed until you start withdrawing money. Usually, you'll be in a lower tax bracket when you begin withdrawing money.
Variety of investments-there are typically a wide range of investment types in plans offered by employers and you can select the investments that work best for your goals.
Employer contributions-most retirement plans offer some type of employer contributions. The most common method is for the employer to match the contributions that you make yourself (up to a specified percentage). Another method is direct employer contributions into your account on your behalf.

The type of retirement plan offered varies by employer. Contact your employer to find out if you're eligible for a 401(k), Defined Benefit Plan, Profit Sharing, or another type of retirement plan.

Whether you're just beginning to save for retirement or getting close to using your nest egg, the following information may help you maximize the earning potential of your savings.

Update the Mix in Your 401(k)

Changing Jobs or Retiring? Don't Forget Your Retirement Savings

Buying Life Insurance: What Kind and How Much?

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The information contained in this Web site is for educational purposes only and does not constitute investment, financial, tax or legal advice. Further, this information is general in nature and is not intended to be reflective of any specific plan. Please contact your personal investment, financial, tax or legal advisor regarding your specific needs and situation. Further, please refer to your plan documents for more information about the specifics of your plan.