- Introduction
- Your Role In Planning for Retirement
- Why You Should Invest in a 401(k) Plan
- A New Option to the 401(k)
- Choosing between a 401(k) and a Roth IRA
- Key Considerations
Before the introduction of the Roth IRA, it was fairly easy and straightforward to decide where to save money for retirement. If you had access to a 401(k) plan, it was always most beneficial to save the maximum pretax amount. After-tax contributions to a 401(k) plan were recommended if you had more money to save and did not qualify to make a deductible IRA contribution. These strategies were suggested regardless of whether you received a company matching contribution.
Now with the Roth IRA and the current IRA deductibility rules, the decision is not so cut-and-dry. This section will focus on saving for retirement in a 401(k) plan. However, as you explore this section, you should evaluate the other options available to you in saving for retirement and compare them to saving in your company's 401(k) plan.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
