Start Saving Now

For most individuals, employer sponsored retirement savings or deferred compensation plan (457, 401, or 403 Plan) is the best way to save for retirement. These plans have many benefits over other ways of saving for retirement:

• The money you save and the earnings are tax-free, only your withdrawals are taxed
• If you change jobs you can take the money you save with you
• It is easy to signup and get started

To save money using your retirement savings plan, contact your employee benefits or human resources department. When you meet with your employer have an amount that you want to save in mind. The amount can either be an annual amount or a percentage of your annual salary. The contribution rate that you calculated using our 5-Minute Check-up is a good place to start.

Now you’re ready to move on to the Next Steps.