PLAN. Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "PLAN. Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan"

Transcription

1 PLAN Enroll today. Enjoy tomorrow. Chicago Public Schools 403(b) Tax-Deferred Retirement Plan and 457(b) Deferred Compensation Plan saving : investing : planning

2

3 Workplace retirement plans to help you prepare for and enjoy a secure retirement As an employee of Chicago Public Schools, you have a special opportunity to prepare for the future. Chicago Public Schools, through the provider, VALIC, offers two plans to help you save for retirement. You set aside money through pretax payroll reduction that lowers your taxable income and can possibly reduce your current income taxes. And taxes on earnings from your account are deferred until withdrawal, which can accelerate your account s growth. Click VALIC.com/cps 1

4 plan highlights Your workplace retirement plans offer you a unique advantage in helping prepare for a secure retirement Save today for a bright tomorrow > > You contribute pretax dollars through payroll reduction > > If you contribute to both plans, you could possibly contribute as much as $58,000 in 2011 > > Your contributions might lower current income taxes > > Your accounts benefit from tax-advantaged growth Eligibility Employees of Chicago Public Schools (CPS) who normally work 20 hours or more per week are eligible to make elective deferrals by salary reduction. Enrolling is easy! Here s how It s easy to join simply decide how much you want to save and how you want to invest contributions to your account. Then choose from one of the convenient enrollment methods listed below. Online Visit VALIC.com/cps, click on either the 403(b) or 457(b) enrollment line, and follow the prompts. Have your Group ID handy: for the 403(b) plan; for the 457(b) DCP. Personal service To contact a VALIC financial advisor, please call the Chicago Public Schools VALIC Message Center at , ext Custom website For additional information about the plan, including access to fund performance, prospectuses, financial planning tools and more, visit: VALIC.com/cps. By phone Call our Enrollment Center at between 7:30 a.m. and 7:00 p.m. (CT). Have your Group ID handy: for the 403(b) plan; for the 457(b) DCP. In person Your VALIC financial advisor can meet with you and walk you through the enrollment process. 2 Click VALIC.com/cps

5 3

6 plan highlights Choose your plan type 403(b) plan Your contributions As much as 100% of your annual includible compensation up to $16,500 in You may increase or decrease the amount you contribute to the plan as often as your employer allows. Includible compensation is not reduced by elective salary reduction contributions to the 403(b) program or other plans sponsored by CPS. The maximum limit on total employer and employee contributions, whether elective or nonelective contributions, is 100% of includible compensation up to $49,000 in This limit may be higher in certain circumstances. Catch-up contributions You may qualify for a higher level of elective contributions than those described above if certain requirements are met: An additional $3,000 in 2011 if you have 15 or more years of service and have undercontributed in prior years, and An additional $5,500 in 2011 if you are age 50 or older Employer contributions Withdrawal restrictions CPS may make employer contributions to the plan on behalf of eligible employees. The amount, if any, of employer contributions is determined by CPS in its full discretion each year. Subject to provisions of your employer s retirement plan. Your plans were established to encourage long-term savings. A 403(b) plan has less stringent withdrawal restrictions while you are employed; however, a 10% federal tax penalty can apply to withdrawals prior to age 59½. The 10% federal tax penalty on early withdrawals may also apply to amounts rolled into the 457(b) plan from non-457(b) plans. Distribution events Attaining age 59½ Retirement or separation from service* Your death or total disability Hardship withdrawals (from employee contributions only) Minimum distribution required at attaining age 70½ or upon retirement, whichever is later. Bear in mind that income taxes are payable upon withdrawal. * Distributions where the employee retires or separates from service at or after age 55 are not subject to the 10% early withdrawal federal tax penalty. 4 Click VALIC.com/cps

7 457(b) plan As much as 100% of your annual includible compensation up to $16,500 in You may increase or decrease the amount you contribute to the plan as often as your employer allows. Includible compensation is not reduced by elective salary reduction contributions to the 457(b) program or other plans sponsored by CPS. The maximum limit on total employer and employee contributions, whether elective or nonelective contributions, is 100% of includible compensation up to $16,500 in This limit may be higher in certain circumstances. You may qualify for a higher level of contributions than those described above if certain requirements are met: An additional $16,500 in 2011 if you are within the last three tax years ending the year before the year you attain normal retirement age and have undercontributed in prior years, or An additional $5,500 in 2011 if you are age 50 or older. If you are eligible for both, you must select one or the other. You cannot combine the two catch-up amounts, but you may contribute up to the higher amount. Not applicable. Subject to provisions of your employer s retirement plan. Your plans were established to encourage long-term savings. A 457(b) plan has more stringent withdrawal restrictions while you are employed, but less stringent rules after you separate from service and is not subject to a 10% federal early withdrawal penalty except on amounts rolled over from other non-457(b) eligible retirement plans. Attaining age 70½ (if your plan allows in-service distributions) Retirement or separation from service Your death Unforeseeable emergencies Minimum distribution required at attaining age 70½ or upon retirement, whichever is later. Bear in mind that income taxes are payable upon withdrawal. 5

8 plan highlights Plan features to help you manage your savings Account consolidation You might be able to transfer your vested retirement account balance from a prior employer s plan to your current workplace retirement plan with VALIC. This can be an excellent way to simplify your financial profile and to ensure your overall investments are suitably diversified and consistent with your investment preferences. However, before you make that decision, check to see if the other provider s contract imposes surrender charges. Tax-free loans Tax-free loans make it possible for you to access your account without permanently reducing your account balance. Defaulted loan amounts (not repaid on time) will be taxed as ordinary income and may be subject to a 10% federal tax penalty if you are under age 59½. The tax penalty does not apply to 457(b) plan accounts. Distribution options VALIC offers many distribution options, allowing you to tailor your benefits to meet your individual needs. Depending on your employer s plan provisions, your withdrawal options include: > > Transferring or rolling over your vested account balance to another tax-advantaged plan that accepts rollovers > > Receiving systematic withdrawals > > Taking a lump-sum distribution > > Choosing one of the many annuity options available from VALIC > > Deferring distributions until a later date (but no later than attainment of age 70½) if you are no longer working for the employer sponsoring the plan, allowing your account to continue to grow tax deferred Generally, income taxes must be paid on all amounts you withdraw from your plan. A 10% federal tax penalty for early withdrawal may apply to distributions taken prior to attainment of age 59½ from an account in the 403(b) plan. Consult your financial advisor for more specific information. Account statement VALIC sends all active participants a comprehensive account statement every calendar quarter. This statement documents the activity in your account for the preceding period, including total contributions and transfers among investment options. 6 Click VALIC.com/cps

9 Pay yourself first. Contribute pretax dollars automatically by convenient payroll reduction. 7

10 product highlights Portfolio Director Fixed and Variable Annuity Investment flexibility All contributions to your plan will be invested in Portfolio Director. And with Portfolio Director, you have the freedom to transfer money among the variable and fixed options without charges or tax consequences, subject to certain limitations as detailed in your prospectus. Fixed options can restrict when and how much you can transfer to other investments and how much you may withdraw from the plan in a single year. Remember that annuities are long-term investments. Investment values will fluctuate so that the investor's units, when redeemed, may be worth more or less than their original cost. Portfolio Director features and benefits > > Fixed and variable investment options Spanning major asset categories and classes Managed by well-known investment managers > > No initial sales charge > > No account maintenance fees > > Easy access to your account No-cost systematic and random transfers among investment options No-cost withdrawals or surrenders > > Fixed Account Plus in-service transfers are limited to 20% each contract year > > Multiple income options at retirement > > Potential for portability to maintain continuity if you relocate or change jobs (Portfolio Director may not be available in some states or in some workplace retirement plans) > > Separate Account fees (0.15% to 0.65%) and Fund Annual Expenses apply depending on your contract and the variable option selected. The total current Annual Net Fund Expense is 0.34% to 1.25%. The current Annual Net Fund Expense is the current annual total fund expense less expense waivers or reimbursements. Fees are subject to change based on expense waivers and reimbursements received. 8 Click VALIC.com/cps

11 Retirement plans and accounts that satisfy relevant qualification rules, such as 403(b)s, IRAs, 401(k)s, etc., can be tax deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan or account with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the tax deferral of the tax-qualified retirement plan or account itself. However, annuities do provide other features and benefits. Guaranteed death benefit In the event of your death prior to annuitization, your Portfolio Director contract provides for a death benefit. Whether you contribute to fixed or variable investment options, your contract guarantees that your beneficiary will never receive less than the amount contributed provided no withdrawals have been made from the account. Withdrawals will reduce the death benefit, depending on the account value at the time of withdrawal. All guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company. See your prospectus for details. Also, in the event of your death, the benefit passes directly to your named beneficiary. This generally avoids the costs and delays of probate. Your beneficiary can leave all or a portion of the account balance on deposit, depending on the circumstances. Usually, your beneficiary can make withdrawals at any time without incurring charges from VALIC, subject to tax laws that might require distributions to occur within certain time frames. There also will be no charges from the company if the beneficiary chooses to withdraw the entire account balance. Your plan was established to encourage long-term savings. 9

12 product highlights Invest your contributions in your choice of available funds Portfolio Director investment options Domestic large-cap equity options Value Vanguard Windsor II Fund [24] Blend Stock Index Fund (SunAmerica) [10] Growth Large Capital Growth Fund (SunAmerica, Invesco) [79] Growth Fund (American Century) [78] Domestic mid-cap equity options Value Ariel Appreciation Fund [69] Mid Cap Value Fund (Wellington, FAF Advisors) [38] Blend Mid Cap Index Fund (SunAmerica) [4] Growth Mid Cap Strategic Growth Fund (RCM, Morgan Stanley) [83] Domestic small-cap equity options Value Ariel Fund [68] Small Cap Value Fund (JP Morgan, SunAmerica, Metropolitan) [36] Blend Small Cap Index Fund (SunAmerica) [14] Global (international & domestic) equity option Global Equity Fund (BlackRock) [87] Specialty option Science & Technology Fund (T. Rowe Price, RCM, Wellington) [17] Hybrid (equity & fixed-income) option Balanced Vanguard Wellington Fund [25] Income options Core Bond Fund (PineBridge) [58] Money Market I Fund (SunAmerica) [6] * Fixed option Fixed Account Plus [1] * An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. While the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money while investing in the fund. 10 Click VALIC.com/cps

13 11

14 Participation in your retirement plan is easy 1 Review this booklet. 2 Enroll online or by phone. > > Have your Group ID handy: for the 403(b) plan; for the 457(b) DCP > > Online: Visit VALIC.com/cps 24/7 > > By Phone: Call :30a.m. 7:00p.m. (CT) Financial solutions Let us help you prepare for a secure retirement Access account information 24/7. VALIC Online at VALIC.com/cps VALIC by Phone at Questions? Call the Chicago Public Schools VALIC Message Center Ext click VALIC.com/cps CALL ext VISIT your VALIC financial advisor

15

16 VALIC has more than half a century of experience helping Americans plan for and enjoy a secure retirement. We provide real solutions for real lives by consistently offering products and services that are innovative, simple to understand and easy to use. We take a personal approach to retirement plans and programs, offering customized solutions for individual needs. We are committed to the same unchanging standard of one-on-one service we have delivered since our founding. Our goal is to help you live retirement on your terms. To obtain a Portfolio Director prospectus and underlying fund prospectuses, visit or call and follow the prompts. The prospectuses contain the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectuses carefully before investing or sending money. Policy Form series UIT-194, UITG-194 and UITG-194P. This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor. This is not your plan document. The administration of each plan is governed by the actual plan document. If discrepancies arise between this insert and the plan document, the plan document will govern. Annuity contracts are issued by The Variable Annuity Life Insurance Company and distributed by its affiliate, American General Distributors, Inc., member FINRA. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. VALIC.com Copyright The Variable Annuity Life Insurance Company. All rights reserved. VC CPS (02/2011) J80395 EE

City Of Sarasota 401(a) Retirement Plans Portfolio Director Fixed and Variable Annuity Issued by The Variable Annuity Life Insurance Company

City Of Sarasota 401(a) Retirement Plans Portfolio Director Fixed and Variable Annuity Issued by The Variable Annuity Life Insurance Company City Of Sarasota 401(a) Retirement Plans Portfolio Director Fixed and Variable Annuity Issued by The Variable Annuity Life Insurance Company Your employer s 401(a) and 414(h) retirement plans with VALIC

More information

Service Provider Fee Disclosure

Service Provider Fee Disclosure Service Provider Disclosure Variable Investment Options Table WILLAMETTE UNIVERSITY WILLAMETTE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN PORTFOLIO DIRECTOR (A048) UITG-194-TRMC As Of Date: 7/17/2012

More information

Saving for retirement with a 403(b) plan

Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan 2 Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan Retirement can be a welcome turning point in your life a time to enjoy hobbies,

More information

SAVING FOR RETIREMENT. The ROTH

SAVING FOR RETIREMENT. The ROTH SAVING FOR RETIREMENT The ROTH CONTRIBUTION Option ABOUT TIAA-CREF TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical, cultural and research fields. We are committed

More information

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE SUMMARY REVIEW FOR THE COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN TABLE OF CONTENTS INTRODUCTION... i HIGHLIGHTS... 2 PARTICIPATION... 2 Eligibility to

More information

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TDA Program Summary Tax-Deferred Annuity Program Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TRS Tax-Deferred Annuity

More information

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program?

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program? The State of Tennessee 401(k) Deferred Compensation Program (your Program) is a supplemental retirement savings program that is designed to work with the Tennessee Consolidated Retirement System (TCRS)

More information

457(b) Deferred Compensation Overview for Governmental and Public School entities

457(b) Deferred Compensation Overview for Governmental and Public School entities 457(b) Deferred Compensation Overview for Governmental and Public School entities Retirement experts agree...having the money you want in your later years requires careful planning now. Plan ahead. How

More information

Ohio Alternative Retirement Plan

Ohio Alternative Retirement Plan Ohio Alternative Retirement Plan For the State of Ohio Public Higher Education System Your future. Made easier. What is the Ohio Alternative Retirement Plan? The Ohio Alternative Retirement Plan (ARP)

More information

Helping you recruit, reward and retain the best people

Helping you recruit, reward and retain the best people The Nationwide Corporate Incentive Program Plan sponsor guide Helping you recruit, reward and retain the best people NATIONWIDE BUSINESS SOLUTIONS GROUP In this guide, Nationwide assumes that the employer

More information

YOUR GUIDE TO GETTING STARTED

YOUR GUIDE TO GETTING STARTED Navient 401(k) Savings Plan Invest in your retirement and yourself today, with help from Navient 401(k) Savings Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some of what you earn today for what

More information

Ohio Alternative Retirement Plan For the state of Ohio public higher education system

Ohio Alternative Retirement Plan For the state of Ohio public higher education system Ohio Alternative Retirement Plan For the state of Ohio public higher education system What is the Ohio Alternative Retirement Plan? The Ohio Alternative Retirement Plan (ARP) is a retirement plan offered

More information

South Carolina Deferred Compensation Program Features and Highlights

South Carolina Deferred Compensation Program Features and Highlights Retire from work, not life.. South Carolina Deferred Compensation Program Features and Highlights The South Carolina Deferred Compensation Program is a powerful tool to help you reach your retirement dreams.

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

UNIVERSITY OF MISSOURI. Tax-Deferred Investment Plans Tax Deferred Annuity Plan (403b) Deferred Compensation Plan (457b)

UNIVERSITY OF MISSOURI. Tax-Deferred Investment Plans Tax Deferred Annuity Plan (403b) Deferred Compensation Plan (457b) UNIVERSITY OF MISSOURI Tax-Deferred Investment Plans Tax Deferred Annuity Plan (403b) Deferred Compensation Plan (457b) Plan design effective January 1, 2010 This booklet is designed to provide an overview

More information

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week.

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week. Congratulations! You are eligible to enroll in Teradyne s retirement plan, the Teradyne, Inc. Savings Plan/Plus (the Plan). Below is a brief summary of the main features of the Plan. For more details,

More information

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help

More information

Thrift Savings Plan. Which Direction is Best for You? 57643d 1108

Thrift Savings Plan. Which Direction is Best for You? 57643d 1108 Thrift Savings Plan Which Direction is Best for You? 57643d 1108 What is the Thrift Savings Plan*? The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees. Congress

More information

Attorneys' Title Guaranty Fund, Inc. Savings Plan

Attorneys' Title Guaranty Fund, Inc. Savings Plan Attorneys' Title Guaranty Fund, Inc. Savings Plan There are many great benefits to being a participant in the Attorneys' Title Guaranty Fund, Inc. Savings Plan. Among those benefits is exceptional customer

More information

The George Washington University Retirement Plans. How to get started

The George Washington University Retirement Plans. How to get started The George Washington University Retirement Plans How to get started Table of Contents Why Save 3 Plans at a Glance 4 Approved Investment Providers 7 How to Enroll 8 Provider Fact Sheets 9 Investment Education

More information

Retirement Plans. Planning ahead: Understanding your 403(b) retirement plan. Plan Participant Guide

Retirement Plans. Planning ahead: Understanding your 403(b) retirement plan. Plan Participant Guide Retirement Plans Planning ahead: Understanding your 403(b) retirement plan Plan Participant Guide What is a 403(b) plan? The 403(b) is a tax-deferred retirement plan designed to help you invest regularly

More information

Managing Your Beneficiaries Inheritances

Managing Your Beneficiaries Inheritances Managing Your Beneficiaries Inheritances A Predetermined Beneficiary Payout Option 8/13 23220-13A You re in Control With the Predetermined Beneficiary Payout Option, you have the flexibility to choose

More information

Start investing in yourself today, with help from the University System of Maryland Supplemental 403(b) Plan and Fidelity.

Start investing in yourself today, with help from the University System of Maryland Supplemental 403(b) Plan and Fidelity. University System of Maryland Supplemental 403(b) Plan (#65612) Start investing in yourself today, with help from the University System of Maryland Supplemental 403(b) Plan and Fidelity. Invest some of

More information

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS FLEXIBILITY & CHOICE TIAA-CREF UNDERSTANDS YOUR FINANCIAL PRIORITIES can change over time, which is why we offer you a wide range

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and s Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the financial

More information

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week.

Who May Join the Plan You are eligible to join the Savings Plan/Plus if you are a regular employee who works at least 20 hours per week. Congratulations! You are eligible to enroll in Teradyne s retirement plan, the Teradyne, Inc. Savings Plan/Plus. Below is a brief summary of the main features of the Plan. For more details, please read

More information

CHG Companies, Inc. Employee 401(k) Plan

CHG Companies, Inc. Employee 401(k) Plan CHG Companies, Inc. Employee 401(k) Plan There are many great benefits to being part of the CHG Companies, Inc. Employee 401(k) Plan. Among those benefits is exceptional customer service online, by phone,

More information

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE Regions Financial Corporation 401(k) Plan PLAN FOR YOUR FUTURE You may spend 20 years or more in retirement that s a long time to go without a paycheck! Of course, there will still be bills to pay, so

More information

Transamerican Auto Parts 401k plan

Transamerican Auto Parts 401k plan Transamerican Auto Parts 401k plan There are many great benefits to being a participant in the Transamerican Auto Parts 401k plan. Among those benefits is exceptional customer service online, by phone,

More information

Transamerican Auto Parts 401k plan

Transamerican Auto Parts 401k plan Transamerican Auto Parts 401k plan There are many great benefits to being a participant in the Transamerican Auto Parts 401k plan. Among those benefits is exceptional customer service online, by phone,

More information

The Summary Plan Description for the D&B 401(k) Plan

The Summary Plan Description for the D&B 401(k) Plan The Summary Plan Description for the D&B 401(k) Plan FINAL dated April 01, 2010 Table of Contents IMPORTANT INFORMATION... 1 HOW TO REACH YOUR 401(K) PLAN SERVICE PROVIDER... 2 ABOUT YOUR PARTICIPATION...

More information

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will

More information

YOUR GUIDE TO GETTING STARTED

YOUR GUIDE TO GETTING STARTED George Mason University Cash Match Plan (#72170) Invest in your retirement and yourself today, with help from The George Mason 401(a) Match Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some

More information

Portfolio Director Fixed and Variable Annuity

Portfolio Director Fixed and Variable Annuity Portfolio Director Fixed and Variable Annuity Prospectus, May 1, 2015 SAVING : INVESTING : PLANNING Enroll in PersonalDeliver- Start today and Go Paperless. Together we can make a difference. Visit VALIC.com

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the

More information

The Basics of Annuities: Income Beyond the Paycheck

The Basics of Annuities: Income Beyond the Paycheck The Basics of Annuities: PLANNING FOR INCOME NEEDS TABLE OF CONTENTS Income Beyond the Paycheck...1 The Facts of Retirement...2 What Is an Annuity?...2 What Type of Annuity Is Right for Me?...2 Payment

More information

Rollover IRAs. Maximize the potential of your retirement savings

Rollover IRAs. Maximize the potential of your retirement savings Rollover IRAs Maximize the potential of your retirement savings Consolidate Your Retirement Savings With a Rollover IRA If you have changed jobs, left the workforce or plan to retire, you likely have

More information

NORTHERN FUNDS TRADITIONAL IRA. investor guide

NORTHERN FUNDS TRADITIONAL IRA. investor guide NORTHERN FUNDS TRADITIONAL IRA investor guide TRUST NORTHERN for a lifetime of investing LOOK FORWARD Retirement isn t about age. It s about possibilities, and dreams for your future. At Northern Funds,

More information

A Guide to. Planning for Retirement INVESTMENT BASICS SERIES

A Guide to. Planning for Retirement INVESTMENT BASICS SERIES A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.

More information

Earning for Today and Saving for Tomorrow. Retirement Savings Plan 401(k) inspiring possibilities

Earning for Today and Saving for Tomorrow. Retirement Savings Plan 401(k) inspiring possibilities Earning for Today and Saving for Tomorrow Retirement Savings Plan 401(k) inspiring possibilities Retirement Savings Plan 401(k) Advocate Health Care Network offers the Advocate Health Care Network Retirement

More information

Advisor s Edge Variable Annuity Product Guide

Advisor s Edge Variable Annuity Product Guide Advisor s Edge Variable Annuity Product Guide Advisor s Edge Product Guide Annuities issued by: Monumental Life Insurance Company Cedar Rapids, IA Underwritten and distributed by Transamerica Capital,

More information

Distributions and Rollovers from

Distributions and Rollovers from Page 1 of 6 Frequently Asked Questions about Distributions and Rollovers from Retirement Accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one

More information

CBS & YOU PREPARE. DECIDE. ACT.

CBS & YOU PREPARE. DECIDE. ACT. YOUR HR/BENEFITS PROGRAM PREPARE. DECIDE. ACT. YOUR HR PORTAL Dear YOUR CBS CBS Employee: 401(K) PLAN Congratulations, you re now eligible to participate in the CBS 401(k) Plan. As you ll see, your CBS

More information

Summary Plan Description Dow Corning Corporation Employees Capital Accumulation Plan

Summary Plan Description Dow Corning Corporation Employees Capital Accumulation Plan Summary Plan Description Dow Corning Corporation Employees Capital Accumulation Plan INTRODUCTION This Summary Plan Description (SPD) provides detailed information about the Dow Corning Employees Capital

More information

Retire from work, not life..

Retire from work, not life.. Retire from work, not life.. Program Features and Highlights The South Carolina Deferred Compensation Program (Program) is a powerful tool to help you reach your retirement dreams. As a supplement to other

More information

or guarantee rising income for up to 12 years?

or guarantee rising income for up to 12 years? Income Plus 6% Looking for a Retirement Income Advantage that can Guarantee 7% Withdrawals or guarantee rising income for up to 12 years? Guarantees are backed by the claims-paying ability of the issuing

More information

Is your retirement plan taking you where you want to go?

Is your retirement plan taking you where you want to go? RiverSource Retirement Group Annuity Is your retirement plan taking you where you want to go? The benefits of a 403(b) retirement plan 140765 C (4/13) The benefits of a 403(b) plan. To live the retirement

More information

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA SUCCEED SUNRISE PHOTOS TAKEN BY REAL PEOPLE OF THEIR ACTUAL DAY ONES OF RETIREMENT. WHAT WILL YOURS LOOK LIKE? The Prudential SmartSolution IRA DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND An easy

More information

Frequently asked questions

Frequently asked questions Page 1 of 6 Frequently asked questions Distributions and rollovers from retirement accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one of several

More information

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal P E R F O R M A N C E U P D A T E MISSISSIPPI ORP Average Annual Total Returns as of: 01/31/2016 (shown in percentages) Mutual funds offered through a retirement plan are investments designed for retirement

More information

ILLINOIS 529 COLLEGE SAVINGS PLAN

ILLINOIS 529 COLLEGE SAVINGS PLAN ILLINOIS 529 COLLEGE SAVINGS PLAN Your children deserve an opportunity for higher education and you can help them achieve it. Whether your kids are learning to walk or in their teenage years, it s never

More information

PayPal 401(k) Savings Plan

PayPal 401(k) Savings Plan PayPal 401(k) Savings Plan Welcome PayPal U.S. Employees PayPal encourages you to invest in yourself and your future by participating in the PayPal 401(k) Savings Plan (the Plan ). In order to help build

More information

THE POWER OF AN IRA.

THE POWER OF AN IRA. THE POWER OF AN IRA. Put the Power of an IRA to Work For You Whether retirement seems like a lifetime away or is just around the corner, getting started on your retirement savings plan is one of the smartest

More information

salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan

salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan There are many great benefits to being a participant in the salesforce.com, Inc. and Salesforce.com Foundation 401(k) Plan. Among those benefits

More information

Celarity 401(k) Retirement Plan

Celarity 401(k) Retirement Plan Celarity 401(k) Retirement Plan There are many great benefits to being a participant in the Celarity 401(k) Retirement Plan. Among those benefits is exceptional customer service online or by phone. In

More information

GSEPS PLAN HIGHLIGHTS

GSEPS PLAN HIGHLIGHTS GSEPS PLAN HIGHLIGHTS The Georgia State Employees Pension and Savings Plan (GSEPS) is a retirement benefit plan that offers you both the security of a traditional pension plan and the opportunity to invest

More information

Getting Started. Why should I participate in the Program? What is a 401(k) plan? What is a Roth 401(k) contribution?

Getting Started. Why should I participate in the Program? What is a 401(k) plan? What is a Roth 401(k) contribution? The State of Tennessee 401(k) and 457 Deferred Compensation Program (your Program ) is a powerful tool to help you reach your retirement dreams. As a supplement to other retirement benefits or savings

More information

Taking a Company Stock Distribution From the Chevron Employee Savings Investment Plan

Taking a Company Stock Distribution From the Chevron Employee Savings Investment Plan Taking a Company Stock Distribution From the Chevron Employee Savings Investment Plan The tax treatment of Chevron stock distributions from the Chevron Employee Savings Investment Plan (ESIP) can vary

More information

You ve worked hard for your savings. Now keep your savings working hard for you.

You ve worked hard for your savings. Now keep your savings working hard for you. You ve worked hard for your savings. Now keep your savings working hard for you. Retire with confidence A guide to your distribution options. You are now faced with an important financial decision When

More information

Supplement to IRA Custodial Agreements

Supplement to IRA Custodial Agreements Supplement to IRA Custodial Agreements Effective December 31, 2014, the update below will be made to the American Century Custodial agreements for the following retirement accounts: Traditional IRAs, Roth

More information

457 Deferred Compensation Plan

457 Deferred Compensation Plan 457 Deferred Compensation Plan Today s Discussion Deferred Compensation Sources of retirement income SCERS vs. DC How does DC work? Why enroll? How much can I contribute? Investment options How do I enroll?

More information

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan.

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan. PERSI PERSI Choice 401(k) Plan It s Your Choice to Go Now, Go BIG! Plan Highlights Learn about your PERSI Choice 401(k) Plan Ready, Set, Go: the PERSI Base Plan The PERSI Base Plan gets you into the game,

More information

SIMPLE IRA PLAN. Employee Guidebook. Welcome Building retirement savings Convenient way to invest You have control Open your account.

SIMPLE IRA PLAN. Employee Guidebook. Welcome Building retirement savings Convenient way to invest You have control Open your account. SIMPLE IRA PLAN Contents Employee Guidebook WELCOME. Your employer is offering a SIMPLE IRA plan through T. Rowe Price, one of the country s leading investment firms. We ll help you build a well-balanced

More information

Investing in Your Future with the New York State Deferred Compensation Plan Answers to commonly asked questions Table of Contents All about your Deferred Compensation Plan...4 Contributions, investment

More information

The Ascension Health Retirement Savings Plan. St. Mary s

The Ascension Health Retirement Savings Plan. St. Mary s The Ascension Health Retirement Savings Plan St. Mary s Our Name is Changing Diversified is the recordkeeper for the Ascension Health Retirement Savings Program. Diversified has long been focused on helping

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

Wells Fargo & Company 401(k) Plan

Wells Fargo & Company 401(k) Plan Summary Plan Description Wells Fargo & Company 401(k) Plan October 1, 2013 This Summary Plan Description ( SPD ) summarizes the major features of the Wells Fargo & Company 401(k) Plan ( 401(k) Plan ).

More information

The Basics of Annuities: Planning for Income Needs

The Basics of Annuities: Planning for Income Needs March 2013 The Basics of Annuities: Planning for Income Needs summary the facts of retirement Earning income once your paychecks stop that is, after your retirement requires preparing for what s to come

More information

New York City Deferred Compensation Plan

New York City Deferred Compensation Plan New York City Deferred Compensation Plan Welcome to the New York City Deferred Compensation Plan! This booklet briefly describes the New York City Deferred Compensation Plan (NYCDCP), an umbrella program

More information

ILLINOIS 529 COLLEGE SAVINGS PLAN

ILLINOIS 529 COLLEGE SAVINGS PLAN ILLINOIS 529 COLLEGE SAVINGS PLAN Thinking about saving for your child s college education can be overwhelming. Stories of rising college loan debt and tuition increases do little to settle the nerves

More information

Understanding Annuities

Understanding Annuities Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance

More information

Freedom Variable Annuity

Freedom Variable Annuity Freedom Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Freedom Variable Annuity features at a glance Minimum deposit $25,000 minimum

More information

INTRODUCTION ENCLOSED NOTICES PARTICIPANT FEES ANNUAL DISCLOSURE STATEMENT

INTRODUCTION ENCLOSED NOTICES PARTICIPANT FEES ANNUAL DISCLOSURE STATEMENT Spectrum Pension Consultants, Inc. 6402 19th Street West Tacoma, WA 98466 , INTRODUCTION The enclosed Annual Participant Booklet APB is being

More information

Invesco SIMPLE IRA Employee guide

Invesco SIMPLE IRA Employee guide Invesco SIMPLE IRA Employee guide Invesco SIMPLE IRA A Retirement Strategy for You Retirement. The word evokes dreams of relaxation and adventure. The sad fact is many people won t realize their dreams

More information

a 403(b) plan can help me save enough to retire

a 403(b) plan can help me save enough to retire retirement plan a 403(b) plan can help me save enough to retire EQUI-VEST Strategies sm series 900 and 901 group variable deferred annuity for 403(b) TSA plans Variable Annuities: Are Not a Deposit of

More information

Minimum distribution. Making it simple

Minimum distribution. Making it simple Minimum distribution Making it simple Required minimum distributions What you need to know What are required minimum distributions?... 03 TIAA-CREF s Minimum Distribution Option (MDO)... 04 Is the Minimum

More information

Helping bring health & well-being to your financial future. Your Bon Secours Retirement Savings Plan Enrollment Guide

Helping bring health & well-being to your financial future. Your Bon Secours Retirement Savings Plan Enrollment Guide Helping bring health & well-being to your financial future Your Bon Secours Retirement Savings Plan Enrollment Guide Invest some of what you earn today for what you plan to accomplish tomorrow. Dear Employee:

More information

A Guide to Planning for Retirement INVESTMENT BASICS SERIES

A Guide to Planning for Retirement INVESTMENT BASICS SERIES A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.

More information

Table of contents. 2 Federal income tax rates. 12 Required minimum distributions. 4 Child credits. 13 Roths. 5 Taxes: estates, gifts, Social Security

Table of contents. 2 Federal income tax rates. 12 Required minimum distributions. 4 Child credits. 13 Roths. 5 Taxes: estates, gifts, Social Security 2015 Tax Guide Table of contents 2 Federal income tax rates 4 Child credits 5 Taxes: estates, gifts, Social Security 6 Rules on retirement plans 8 Saver s credit 12 Required minimum distributions 13 Roths

More information

It s your future. Choose Pension2 TM. Pension2. Program Highlights

It s your future. Choose Pension2 TM. Pension2. Program Highlights It s your future. Choose Pension2 TM. Pension2 Program Highlights It s your future. Choose Pension2. Your plans for the future are important to us at CalSTRS. For more than 100 years, we have been the

More information

ROTH 403(b) CONTRIBUTIONS

ROTH 403(b) CONTRIBUTIONS SAVING FOR RETIREMENT ROTH 403(b) CONTRIBUTIONS A NEW WAY TO SAVE FOR RETIREMENT TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs of those in the

More information

Rollover IRAs. Consider the advantages of consolidating your retirement savings

Rollover IRAs. Consider the advantages of consolidating your retirement savings Rollover IRAs Consider the advantages of consolidating your retirement savings Consider the Advantages of Consolidating Your Retirement Savings If you have changed jobs, left the workforce or plan to

More information

City of Riverside 457 Retirement Plan 457 Deferred Compensation Plan Features and Highlights

City of Riverside 457 Retirement Plan 457 Deferred Compensation Plan Features and Highlights City of Riverside 457 Retirement Plan 457 Deferred Compensation Plan Features and Highlights The City of Riverside 457 Deferred Compensation Plan is a powerful tool to help you reach your retirement dreams.

More information

ILLINOIS 529 COLLEGE SAVINGS PLAN

ILLINOIS 529 COLLEGE SAVINGS PLAN ILLINOIS 529 COLLEGE SAVINGS PLAN Thinking about saving for your child s college education can be overwhelming. Stories of rising college loan debt and tuition increases do little to settle the nerves

More information

Eligible employees may join the Plan immediately upon satisfying the age and/or service requirement.

Eligible employees may join the Plan immediately upon satisfying the age and/or service requirement. Who Can Participate? All current employees are eligible to participate in the elective deferral portion of the Plan. Participation in the employer discretionary match on elective deferrals portion of the

More information

Protect your plan savings for retirement. New York University 457(b) Deferred Compensation Plan

Protect your plan savings for retirement. New York University 457(b) Deferred Compensation Plan Protect your plan savings for retirement New York University 457(b) Deferred Compensation Plan Whether you have left the workforce or have simply changed employers, it is important to protect the money

More information

TIAA-CREF NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN. Summary of Plan Services and Costs

TIAA-CREF NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN. Summary of Plan Services and Costs NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN Summary of Plan Services and Costs July 11, 2013 This summary provides important information to assist you in making decisions related to your participation in

More information

JPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide

JPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide IRA Decision Guide JPMorgan INVEST You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. JPMorgan Invest One Beacon Street, Boston, MA 0208 (800) 776-606 jpmorganinvest.com

More information

Questions and Answers about the Roth 401(k)

Questions and Answers about the Roth 401(k) THE RETIREMENT GROUP AT MERRILL LYNCH Q A Questions and Answers about the Roth 401(k) How the Roth 401(k) Works Q. What is the Roth 401(k) contribution option? A. The Roth 401(k) contribution option allows

More information

U.S. Bank 401(k) Savings Plan Summary Plan Description

U.S. Bank 401(k) Savings Plan Summary Plan Description U.S. Bank 401(k) Savings Plan Summary Plan Description January 2012 This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. HR1201W

More information

CHOICE. Self-Directed Brokerage Account thru Schwab Personal Choice Retirement. February, 2014

CHOICE. Self-Directed Brokerage Account thru Schwab Personal Choice Retirement. February, 2014 CHOICE Self-Directed Brokerage Account thru Schwab Personal Choice Retirement February, 2014 Agenda About Schwab and PCRA What is PCRA Your Plan Basics Account Establishment, Transfers and Investment Options

More information

Your retirement plan choices

Your retirement plan choices Your retirement plan choices Why join? If you want to retire someday, then saving is a must. It s the single most effective way to reach a comfortable retirement. It s important because experts estimate

More information

INDEPENDENCE PLUS CONTRACT SERIES STATEMENT OF ADDITIONAL INFORMATION. FORM N-4 PART B May 2, 2016 TABLE OF CONTENTS

INDEPENDENCE PLUS CONTRACT SERIES STATEMENT OF ADDITIONAL INFORMATION. FORM N-4 PART B May 2, 2016 TABLE OF CONTENTS THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A UNITS OF INTEREST UNDER GROUP AND INDIVIDUAL FIXED AND VARIABLE DEFERRED ANNUITY CONTRACTS INDEPENDENCE PLUS CONTRACT SERIES STATEMENT OF

More information

BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC

BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC Cetera Financial Specialists LLC 200 N. Martingale Road Schaumburg, IL 60173-2096 BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC General Considerations Before you buy any insurance

More information

Howard 457 Deemed IRA Participation Agreement for Deferred Compensation Plan

Howard 457 Deemed IRA Participation Agreement for Deferred Compensation Plan Howard 457 Deemed IRA Participation Agreement for Deferred Compensation Plan DC-4803 (09/2015) For help, please call 1-877-677-3678 www.howard457.com 1 2 DC-4803 (09/2015) For help, please call 1-877-677-3678

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00

More information

Workplace Education Series. Making the Most of Your New Workplace Savings Plan

Workplace Education Series. Making the Most of Your New Workplace Savings Plan Making the Most of Your New Workplace Savings Plan Making the Most of Your New Workplace Savings Plan Guiding you through exciting plan changes ahead Today s agenda: New plan features Steps to prioritizing

More information

Supplemental 457(b) Plan Guide. A quick reference for governmental plan sponsors

Supplemental 457(b) Plan Guide. A quick reference for governmental plan sponsors Supplemental 457(b) Plan Guide A quick reference for governmental plan sponsors For Institutional Investor Use Only. Not for Use With or Distribution to the Public. Table of Contents Introduction 1 457(b)

More information

Invesco SIMPLE IRA Employee guide

Invesco SIMPLE IRA Employee guide Invesco SIMPLE IRA Employee guide How many years will you spend in retirement? And how much savings will you need to be able to live comfortably? According to the Employee Benefit Research Institute, 60%

More information

Section 457(b) Plan. What is a Section 457(b) plan? What types of employers can use a Section 457(b) plan? Section 457(b) plans and ERISA

Section 457(b) Plan. What is a Section 457(b) plan? What types of employers can use a Section 457(b) plan? Section 457(b) plans and ERISA Section 457(b) Plan What is a Section 457(b) plan? A Section 457(b) plan is a type of nonqualified deferred compensation plan that certain governmental and tax-exempt organizations can establish for their

More information