Presentation on theme: "How do you save for retirement through payroll deduction?"— Presentation transcript:
How do you save for retirement through payroll deduction?
Valley View School District offers to all employees, three ways to save for retirement through payroll deduction: 403(b)-Tax Sheltered Retirement Plan 457(b)-Traditional Tax Deferred Compensation Plan Roth 457- After Tax Compensation Plan Employees can contribute to any combination of the above options to save for their retirement. * Not intended as tax, financial or legal advise.
403(b) Tax Deferred Retirement Plan: Pre-tax deduction Calendar year contribution limit for 2014 is $17,500 Allows for additional catch up contributions for participants age 50+ of $5,500 457(b) Pre-tax deduction Both 457(b) and 457 Roth Calendar year contribution limit for 2014 is $17,500 Additional catch up contributions for participants age 50+ of $5,500 are permitted For additional information about participation, investment options and more, Contact one of our approved plan providers. 457(b) and 457 Roth Deferred Compensation Plans: 457 Roth After tax deduction therefore qualified distributions are not taxed
Plan ProvidersRepresentative Contacts:403 (b)457 (b)457 Roth AXA Equitable XXX Michael Malicay 1-630-575-5022 firstname.lastname@example.org Warren Suess 1-630-954-6853 email@example.com Roger Nulton 1-630-990-3091 firstname.lastname@example.org Kyle Zake 1-630-954-6896 email@example.com CPI Qualified Plan Consultants, Inc. X Michael R. Runge 1-630-677-6283 (cell) firstname.lastname@example.org 1-630-573-9739 (phone) 1-630-214-3881 (fax) First Investors Corporation/First Investors Funds XXX Matt Rosner email@example.com 1-630-705-1800 ext 228 (phone) ING-Reliastar Life XXX Richard J. Schlesinger J. D. PROIIS@planmembersec.com 1-630-674-2358(phone) 1-630-499-1057 (fax) Kathy Cawley Kathy@voyagergroupltd.com 1-815-729-1166 1-800-803-7600 Lincoln Investment Planning Inc. X X X Jennifer Prosise, MBA Jennifer@voyagergroupltd.com 1-815-729-1166 1-800-803-7600 VALIC Financial Advisors, Inc. XXX Stephen Oostema 1-708-205-0766 (cell) Jacqueline Skryd 1-630-995-6641 (cell) Lisa McPherson 1-630-277-0063 (cell) Email (firstname.lastname@example.org) Waddell & Reed X Ann Elliott CFP, MBA email@example.com 1-630-728-5221 (cell) 1-630-245-1230 (fax) 1-630-245-1156 x122 (phone)
Visit our vvsd website, under the Payroll Department, for a link to Retirement Manager.
For access to financial tools and to manage your contributions, log in to Retirement Manager today!