Opportune 401k Retirement Plan The Roth 401(k) contribution option

Size: px
Start display at page:

Download "Opportune 401k Retirement Plan The Roth 401(k) contribution option"

Transcription

1 Opportune 401k Retirement Plan The Roth 401(k) contribution option

2 Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation (BofA Corp.). MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of BofA Corp. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value 2015 Bank of America Corporation. All rights reserved. ARMC4BM /2015 ADA 2

3 What is the Roth 401(k)? A contribution option in your 401(k) plan Lets you pay taxes up front and pay no taxes on qualified distributions You continue to elect how much you want to contribute No income limitations (unlike Roth IRA) 3

4 Three contribution options Contributing to a traditional 401(k) Contributing to a Roth 401(k) Contributing to both a traditional 401(k) and a Roth 401(k) Annual Plan and IRS limits apply in all cases. IRS 2015 limits: $18,000 (or $24,000 if you are age 50 or older and eligible to make catch-up contributions). 4

5 Traditional 401(k) vs. Roth 401(k) Traditional 401(k) Roth 401(k) Contributions Deducted from pre-tax pay Deducted from after-tax pay Investment earnings Taxed at withdrawal Tax-free at withdrawal if qualifying conditions met Taxes on contributions Upon withdrawal Upon contribution Required minimum distributions Rollovers* Age 70½ May be rolled over to a traditional (or Roth) IRA, traditional 401(k) plan, or other eligible plan that accepts rollovers Age 70½ May be rolled over to a Roth IRA, or a Roth after-tax account in a 401(k) plan or another eligible plan that accepts Roth rollovers * You have choices for what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment, and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. 5

6 Qualified distributions To take a qualified distribution from a Roth 401(k) account: 1. At least five years must elapse from the year of your initial contributions 2. You must be age 59½ or older (or become disabled or deceased) Non-qualified distributions are subject to taxes, including a 10% additional federal tax if under age 59½. 6

7 Key considerations How would Roth 401(k) after-tax contributions affect your paycheck? Traditional 401(k) Roth 401(k) Gross income $40,000 $40,000 Contributions 6% 6% Monthly contribution $200 $200 Monthly reduction in take-home pay $150 $200 This hypothetical example assumes a federal income tax rate of 25%. Your personal situation may vary. 7

8 Key considerations How do Roth 401(k) contributions affect my employer s match? Assume match of 50% of first 6% of eligible compensation. If you reduce contributions to maintain takehome pay, you may lose part of the match Traditional 401(k) Roth 401(k) Annual income $40,000 $40,000 Equivalent contributions 6% 4.5% Annual contribution $2,400 $1,800 Monthly reduction in take-home pay $150 $150 Employer match $1,200 $900 This hypothetical example assumes a $40,000 annual salary, a 25% tax bracket, a 6% traditional 401(k) contribution, and a 4.5% Roth 401(k) contribution. Plan match is equal to 50% of the first 6% of a participant's eligible compensation contributed. 8

9 Key considerations How do Roth 401(k) contributions affect my employer s match? Always try to maximize any available match Traditional 401(k) Roth 401(k) Annual income $40,000 $40,000 Equivalent contributions 6% 4.5% Annual contribution $2,400 $1,800 Monthly reduction in take-home pay $150 $150 Employer match $1,200 $900 This hypothetical example assumes a $40,000 annual salary, a 25% tax bracket, a 6% traditional 401(k) contribution, and a 4.5% Roth 401(k) contribution. Plan match is equal to 50% of the first 6% of a participant's eligible compensation contributed. 9

10 Key considerations Do you expect your tax rate to be lower, the same, or higher when you take your 401(k) distributions? Lower You may benefit from deferring taxes with traditional 401(k) contributions Same Traditional or Roth 401(k) contributions will generally yield the same, after taxes Higher You may benefit from paying taxes now at a lower tax rate with Roth 401(k) contributions These examples assume the same investment performance for both contribution types. 10

11 Case study Example: Karen Age 29 Annual income: $40,000 Traditional pre-tax 401(k) contributions: $3,200 The case study presented is hypothetical and does not reflect an actual client. It is for illustrative purposes only and results will vary. 11

12 Case study: Karen Current tax rate: 25% Expected retirement tax rate (age 65): 25% Traditional 401(k) Roth 401(k) Total contributions until retirement age (36 years) $115,200 $86,400 Current taxes $0 $28,800 Total contributions plus current taxes $115,200 $115,200 Hypothetical value at retirement age $393,465 $295,099 Taxes at retirement $98,366 $0 Value at retirement (age 65) $295,099 $295,099 Same tax rate A Roth 401(k) at retirement may be worth the same as a Traditional 401(k). The hypothetical illustration assumes the variables listed above, a pay frequency of monthly, with a 6% annual effective rate of return. Changes in tax rates may impact the comparative results. Please consider your investment horizon and tax brackets, both current and anticipated, when making an investment decision, as these may further impact the results of the comparison. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of any specific investment vehicle. Investment return and principal value will fluctuate and when redeemed the investments may be worth more or less than their original cost. In you make pre-tax [traditional 401(k)] contributions, taxes are due on upon withdrawal. If you make Roth 401(k) contributions, taxes are deducted before contributions are made, and taxes will not be due on your contributions and any earnings, upon a qualified distribution. In either case, you may be subject to a 10% additional federal tax if you take a withdrawal prior to reaching age 59½. 12

13 Case study: Karen Current tax rate: 25% Expected retirement tax rate (age 65): 33% Traditional 401(k) Roth 401(k) Total contributions until retirement age (36 years) $115,200 $86,400 Current taxes $0 $28,800 Total contributions plus current taxes $115,200 $115,200 Hypothetical value at retirement age $393,465 $295,099 Taxes at retirement $129,843 $0 Value at retirement (age 65) $263,622 $295,099 Higher tax rate A Roth 401(k) at retirement may be worth $31,477 more than a Traditional 401(k). The hypothetical illustration assumes the variables listed above, a pay frequency of monthly, with a 6% annual effective rate of return. Changes in tax rates may impact the comparative results. Please consider your investment horizon and tax brackets, both current and anticipated, when making an investment decision, as these may further impact the results of the comparison. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of any specific investment vehicle. Investment return and principal value will fluctuate and when redeemed the investments may be worth more or less than their original cost. In you make pre-tax [traditional 401(k)] contributions, taxes are due on upon withdrawal. If you make Roth 401(k) contributions, taxes are deducted before contributions are made, and taxes will not be due on your contributions and any earnings, upon a qualified distribution. In either case, you may be subject to a 10% additional federal tax if you take a withdrawal prior to reaching age 59½. 13

14 Case study: Karen Current tax rate: 25% Expected retirement tax rate (age 65): 15% Traditional 401(k) Roth 401(k) Total contributions until retirement age (36 years) $115,200 $86,400 Current taxes $0 $28,800 Total contributions plus current taxes $115,200 $115,200 Hypothetical value at retirement age $393,465 $295,099 Taxes at retirement $59,020 $0 Value at retirement (age 65) $334,445 $295,099 Lower tax rate A Traditional 401(k) at retirement may be worth $39,346 more than a Roth 401(k). The hypothetical illustration assumes the variables listed above, a pay frequency of monthly, with a 6% annual effective rate of return. Changes in tax rates may impact the comparative results. Please consider your investment horizon and tax brackets, both current and anticipated, when making an investment decision, as these may further impact the results of the comparison. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of any specific investment vehicle. Investment return and principal value will fluctuate and when redeemed the investments may be worth more or less than their original cost. In you make pre-tax [traditional 401(k)] contributions, taxes are due on upon withdrawal. If you make Roth 401(k) contributions, taxes are deducted before contributions are made, and taxes will not be due on your contributions and any earnings, upon a qualified distribution. In either case, you may be subject to a 10% additional federal tax if you take a withdrawal prior to reaching age 59½. 14

15 Important information The Advice Access service uses a probabilistic approach to determine the likelihood that you may be able to achieve your stated goal and/or to identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access may include a higher level of investment risk than you may be personally comfortable with. You are strongly advised to consider your personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Advice Access. You should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits OnLine or through a participant service representative. IMPORTANT: The projections or other information shown in the Advice Access service regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time. 15

16 Important information Traditional 401(k) contributions and any earnings are subject to current income tax at distribution (and a 10% additional federal tax before age 59½, unless tax deferral is continued or unless an exception to the penalty applies). Since you have already paid taxes on Roth 401(k) contributions, taxes on contributions are not due upon withdrawal. Any earning on Roth 401(k) contributions are distributed tax-free if received in a qualified distribution; if received in a non-qualified distribution, any earnings may be subject to current ordinary income tax (and10% additional federal tax before age 59½). Merrill Lynch and its representatives do not provide tax, accounting or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein. 16

17

Get the Most From Your 401(k) Plan

Get the Most From Your 401(k) Plan 401(k) Guide Get the Most From Your 401(k) Plan The Larry H. Miller Associates Retirement Plan and Trust (the Plan ) is a great benefit offered by your company. It s an excellent way to prepare for your

More information

Highlights of the Amgen Retirement and Savings Plan

Highlights of the Amgen Retirement and Savings Plan Highlights of the Amgen Retirement and Savings Plan The Amgen Retirement and Savings Plan (the Plan ) the company s 401(k) plan is designed to help you pursue a financially secure future. You are eligible

More information

XL America, Inc. Employee Savings Plan. Life priorities: Home, family, health and finances

XL America, Inc. Employee Savings Plan. Life priorities: Home, family, health and finances XL America, Inc. Employee Savings Plan Life priorities: Home, family, health and finances Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice.

More information

USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS

USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS U.S. TRUST FIDUCIARY SERVICES FOR MERRILL LYNCH CLIENTS USING IRA ASSETS TO ADDRESS YOUR WEALTH TRANSFER GOALS Trusteed IRAs from U.S. Trust WHAT S INSIDE Support from Merrill Lynch and U.S. Trust Beyond

More information

Macy s, Inc. Deferred Compensation Plan. Your Nonqualified Deferred Compensation Plan

Macy s, Inc. Deferred Compensation Plan. Your Nonqualified Deferred Compensation Plan Macy s, Inc. Deferred Compensation Plan Your Nonqualified Deferred Compensation Plan Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner& Smith

More information

Working for Your Future

Working for Your Future Working for Your Future Valero Energy Corporation Thrift Plan Highlights Enroll Today Congratulations! You are now eligible to participate in the Valero Energy Corporation Thrift Plan (the Thrift Plan

More information

SIMPLE RETIREMENT ACCOUNT (SRA) PROGRAM

SIMPLE RETIREMENT ACCOUNT (SRA) PROGRAM SIMPLE RETIREMENT ACCOUNT (SRA) PROGRAM EMPLOYER NOTICE AND SALARY-REDUCTION AGREEMENT Merrill Lynch is the marketing name for Merrill Lynch Wealth Management, Merrill Edge, and the Private Banking and

More information

Get to know your retirement plan!

Get to know your retirement plan! Get to know your retirement plan! The ABM 401(k) Employee Savings Plan Planning and investing for retirement can help you pursue a more secure financial future for yourself and your family. That s why

More information

Advice Access. Take the guesswork out of investing RETIREMENT & BENEFIT PLAN SERVICES

Advice Access. Take the guesswork out of investing RETIREMENT & BENEFIT PLAN SERVICES Advice Access Take the guesswork out of investing RETIREMENT & BENEFIT PLAN SERVICES The Advice Access service uses a probabilistic approach to determine the likelihood that you may be able to achieve

More information

Merrill Lynch SIMPLE retirement account summary description

Merrill Lynch SIMPLE retirement account summary description Merrill Lynch SIMPLE retirement account summary description Merrill Lynch is the marketing name for Merrill Lynch Wealth Management, Merrill Edge, and the Private Banking and Investment Group, all of which

More information

401(k) Plan Highlights

401(k) Plan Highlights 401(k) Plan Highlights RETIREMENT & BENEFIT PLAN SERVICES HomeServices Retirement Savings Plan Congratulations! You are eligible to join the HomeServices Retirement Savings Plan (the Plan ). The Plan offers

More information

JOHN Q. CLIENT 1234 ANY STREET ANYTOWN, US Header 1. September XX, 2017 Page 1 of 3

JOHN Q. CLIENT 1234 ANY STREET ANYTOWN, US Header 1. September XX, 2017 Page 1 of 3 Merrill Lynch P.O. Box 2016 Pennington, NJ 08701-9997 JOHN Q. CLIENT 1234 ANY STREET ANYTOWN, US 01234 Header 1 September XX, 2017 Page 1 of 3 SIMPLE IRA XXX-X2623 Review SIMPLE Plan Employee Notice Requirements

More information

Congratulations! Plan Features. Mashantucket Pequot Tribe 401(k) Retirement Plan

Congratulations! Plan Features. Mashantucket Pequot Tribe 401(k) Retirement Plan Congratulations! Mashantucket Pequot Tribe 401(k) Retirement Plan You are now eligible to participate in the Mashantucket Pequot Tribe (MPTN) 401(k) Retirement Plan (the Plan ). We encourage you to take

More information

Market Decode: Why Bonds Still Matter When Interest Rates Are Rising

Market Decode: Why Bonds Still Matter When Interest Rates Are Rising Market Decode: Why Bonds Still Matter When Interest Rates Are Rising With Matthew Diczok, Head of Fixed Income Strategy, Merrill Lynch Wealth Management Please see important information at the end of this

More information

Investing basics. Shelly Maas, Merrill Lynch Financial Wellness Specialist. June 15, 2018

Investing basics. Shelly Maas, Merrill Lynch Financial Wellness Specialist. June 15, 2018 Investing basics Shelly Maas, Merrill Lynch Financial Wellness Specialist June 15, 2018 Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated

More information

A great way to prepare for the future

A great way to prepare for the future A great way to prepare for the future Congratulations! You are eligible to join the Daymon Worldwide Inc. 401(k) Profit Sharing Plan Participating in the Daymon Worldwide Inc. 401(k) Profit Sharing Plan

More information

Plan Wellness Scorecard For period ending December 31, 2015

Plan Wellness Scorecard For period ending December 31, 2015 RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights Plan Wellness Scorecard For period ending December 31, 2015 Throughout 2015, employers acknowledged the importance of workplace benefits offerings,

More information

Roth 401(k) Contributions

Roth 401(k) Contributions Roth 401(k) Contributions Another Way to Save in the Hitachi Data Systems 401(k) Retirement and Savings Plan ROTH 401(k) CONTRIBUTIONS ARE AVAILABLE You can sign up to make Roth 401(k) contributions any

More information

Empowering employees with Advice Access

Empowering employees with Advice Access RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights Empowering employees with Advice Access According to a report, employees who enroll in 401(k) managed accounts are more likely to have greater success

More information

Nonqualified Deferred Compensation Plans

Nonqualified Deferred Compensation Plans RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights Nonqualified Deferred Compensation Plans Working today for tomorrow s benefits In the competitive landscape for top talent, nonqualified deferred compensation

More information

The Macy s, Inc. 401(k) Plan & Save Actively Plus

The Macy s, Inc. 401(k) Plan & Save Actively Plus The Macy s, Inc. 401(k) Plan & Save Actively Plus Get to know the savings opportunities available to eligible executives What You Need to Know The Save Actively program is designed to help you save for

More information

Introducing the AfterTax Roth Contribution. Option. October 2017

Introducing the AfterTax Roth Contribution. Option. October 2017 Introducing the AfterTax Roth Contribution Option October 2017 Today s Agenda The after-tax Roth contribution option Why the after-tax Roth contribution option may be right for you Comparing after-tax

More information

Introducing the after-tax contribution option Roth

Introducing the after-tax contribution option Roth Introducing the after-tax contribution option Roth Today s agenda The after-tax Roth contribution option Why the after-tax Roth contribution option may be right for you Comparing after-tax Roth contributions

More information

Market Decode: How Bonds Work and What They Can Do for You

Market Decode: How Bonds Work and What They Can Do for You Market Decode: How Bonds Work and What They Can Do for You Matthew Diczok, head of Fixed Income Strategy, Merrill Lynch Investment Management Please see important information at the end of this program.

More information

merrill lynch wealth management the power to put plans into action

merrill lynch wealth management the power to put plans into action the power to put plans into action What would you like the power to do? BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. ( BofAS ) and/or one or more of its affiliates.

More information

Merrill Edge & You. Mutual Fund Disclosure Pamphlet Available

Merrill Edge & You. Mutual Fund Disclosure Pamphlet Available M615208431 Merrill Edge & You July 2015 Mutual Fund Disclosure Pamphlet Available Mutual Fund Investing at Merrill Lynch provides information about the fees and expenses related to mutual funds available

More information

KEY BIRTHDAYS TO KNOW AS YOU AGE GRACEFULLY

KEY BIRTHDAYS TO KNOW AS YOU AGE GRACEFULLY KEY BIRTHDAYS TO KNOW AS YOU AGE GRACEFULLY WISHING THE BEST OF WEALTH AND HEALTH ON THE ROAD AHEAD 2 You can count more than candles this year there are a number of important financial opportunities coming

More information

STATE OF CONNECTICUT DEFERRED COMPENSATION 457 PLAN. The Roth 457 More Choice in Your 457 Plan

STATE OF CONNECTICUT DEFERRED COMPENSATION 457 PLAN. The Roth 457 More Choice in Your 457 Plan STATE OF CONNECTICUT DEFERRED COMPENSATION 457 PLAN The Roth 457 More Choice in Your 457 Plan You should consider the investment objectives, risk, and charges and expenses of the investment options offered

More information

Mutual Fund Investing at Merrill Lynch

Mutual Fund Investing at Merrill Lynch Merrill Lynch Personal Advisor Program Client Agreement Mutual Fund Investing at Merrill Lynch A Client Disclosure Pamphlet January 2019 Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park

More information

Merrill Lynch Personal Advisor Progra Client Agreement Offshore Fund Investing at Merrill Lynch. A Client Disclosure Pamphlet September 2016

Merrill Lynch Personal Advisor Progra Client Agreement Offshore Fund Investing at Merrill Lynch. A Client Disclosure Pamphlet September 2016 Merrill Lynch Personal Advisor Progra Client Agreement Offshore Fund Investing at Merrill Lynch A Client Disclosure Pamphlet September 2016 Merrill Lynch, Pierce, Fenner & Smith Incorporated 1 Code 311619PM-0210

More information

The Roadmap to Retirement

The Roadmap to Retirement The Roadmap to Retirement Mile marker conversations to consider [When presenting in AR, CA, OK, TX or IL, use the phrase Insurance Sales Presentation. In CA and AR, add License Number] Annuities are issued

More information

Real-life Scenario Video #1: Retirement Minded Thom McKinney. Current HSA Savings: $10,500 Catch-up Contribution: $1,000 Year End Balance: $18,150

Real-life Scenario Video #1: Retirement Minded Thom McKinney. Current HSA Savings: $10,500 Catch-up Contribution: $1,000 Year End Balance: $18,150 Real-life Scenario Video #1: Retirement Minded Thom McKinney Current HSA Savings: $10,500 Catch-up Contribution: $1,000 Year End Balance: $18,150 SCRIPT: There was a time when listening to The Temptations

More information

Your RSP Investment Options

Your RSP Investment Options Your RSP Investment Options DuPont Retirement Savings Plan When you participate in the DuPont Retirement Savings Plan (RSP), you need to decide how to invest your contributions. Your decision should take

More information

Plan Wellness Scorecard

Plan Wellness Scorecard RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights 2017 Plan Wellness Scorecard For another consecutive year, employees have taken a more active role preparing for their retirement, using their employer

More information

Understanding the advantages and challenges of this retirement plan. Can you establish a SIMPLE IRA? Sole proprietorships. Partnerships.

Understanding the advantages and challenges of this retirement plan. Can you establish a SIMPLE IRA? Sole proprietorships. Partnerships. The SIMPLE IRA Understanding the advantages and challenges of this retirement plan In general, a SIMPLE IRA may be easier for an employer to administer but less flexible than other qualified retirement

More information

Introducing The OAPT Deferred Compensation Plan. Featuring Traditional and Roth 457(b) Options

Introducing The OAPT Deferred Compensation Plan. Featuring Traditional and Roth 457(b) Options Introducing The OAPT Deferred Compensation Plan Deferred Compensation Plan Featuring Traditional and Roth 457(b) Options Advisory services and securities offered through Lincoln Investment, Registered

More information

Roth 403(b) option offers the potential for tax-free retirement income

Roth 403(b) option offers the potential for tax-free retirement income Roth 403(b) option offers the potential for tax-free retirement income About the Roth 403(b) option: Your plan now gives you the option of contributing to a Roth 403(b) through your retirement savings

More information

Expanding Retirement Savings Opportunities with Roth Accounts

Expanding Retirement Savings Opportunities with Roth Accounts Defined Contribution Plans Expanding Retirement Savings Opportunities with Roth Accounts A growing number of plan sponsors are finding that adding Roth features to their retirement plan helps provide the

More information

Market Decode: Is Impact Investing Right for You?

Market Decode: Is Impact Investing Right for You? Market Decode: Is Impact Investing Right for You? With Jackie VanderBrug Investment Strategist and Co-chair of the Impact Investing Council Bank of America Global Wealth and Investment Management [GRAPHIC]

More information

Mutual Fund Investing at Merrill Lynch

Mutual Fund Investing at Merrill Lynch Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch A Client Disclosure Pamphlet January 2018 Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park

More information

Workplace Insights. A road map for effectively managing a frozen pension plan

Workplace Insights. A road map for effectively managing a frozen pension plan GLOBAL INSTITUTIONAL CONSULTING Workplace Insights A road map for effectively managing a frozen pension plan Pension funding reform, an aging workforce, low interest rates and uncertain investment returns

More information

MAXIMIZE YOUR SAVINGS

MAXIMIZE YOUR SAVINGS MAXIMIZE YOUR SAVINGS In the Lam Research 401(k) Plan and Other Plans WHAT S INCLUDED Click directly on the section to the right to move to that section. >> Increased Savings and Tax Flexibility Build

More information

Roth contributions. City of Seattle Voluntary Deferred Compensation Plan and Trust

Roth contributions. City of Seattle Voluntary Deferred Compensation Plan and Trust Roth contributions City of Seattle Voluntary Deferred Compensation Plan and Trust The City of Seattle Voluntary Deferred Compensation Plan and Trust allows you to make after-tax Roth contributions that

More information

Workplace Insights. A road map for effectively managing a frozen pension plan

Workplace Insights. A road map for effectively managing a frozen pension plan RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights A road map for effectively managing a frozen pension plan Pension funding reform, an aging workforce, low interest rates and uncertain investment returns

More information

Plan for the retirement you want. Strategies for helping secure your future

Plan for the retirement you want. Strategies for helping secure your future Plan for the retirement you want Strategies for helping secure your future What s your vision for retirement? Laying the groundwork for tomorrow can help you get closer to the retirement you want. When

More information

Understanding your cash sweep options

Understanding your cash sweep options M615471105 Understanding your cash sweep options The following information is being provided so that you can review your cash sweep option(s) with your Merrill Lynch financial advisor ( financial advisor

More information

PROTECT YOUR NEST EGG MAXIMIZE SAVINGS AND MINIMIZE TAXES WITH AN IRA

PROTECT YOUR NEST EGG MAXIMIZE SAVINGS AND MINIMIZE TAXES WITH AN IRA PROTECT YOUR NEST EGG MAXIMIZE SAVINGS AND MINIMIZE TAXES WITH AN IRA A Solid Retirement Savings Option Whatever your time horizon for retirement, the time to start saving is now. With life expectancies

More information

401(k) Rollovers. GP P-N12/08 July 2009 [Expiration Date]

401(k) Rollovers. GP P-N12/08 July 2009 [Expiration Date] 401(k) Rollovers Investments and services offered through Morgan Stanley Smith Barney LLC, and accounts carried by Morgan Stanley & Co. Incorporated; members SIPC. 2009 Morgan Stanley Smith Barney GP08-04360P-N12/08

More information

SanJose.beready2retire.com. City of San José Deferred Compensation. Plan Overview DEFER R ED CO MPENSATION PLAN PLAN SAVE GROW

SanJose.beready2retire.com. City of San José Deferred Compensation. Plan Overview DEFER R ED CO MPENSATION PLAN PLAN SAVE GROW SanJose.beready2retire.com City of San José Deferred Compensation Plan Overview DEFER R ED CO MPENSATION PLAN PLAN SAVE GROW Having the income you need in your later years may require careful planning

More information

Retirement Guide: Saving and Planning

Retirement Guide: Saving and Planning Retirement Guide: Saving and Planning It s Never Too Early to Start What You Need to Know About Saving for Retirement Many of us don t realize how much time we may spend in retirement. In fact, statistics

More information

403(b) Tax Deferred Annuity Plan. Saving for the future you want

403(b) Tax Deferred Annuity Plan. Saving for the future you want 403(b) Tax Deferred Annuity Plan Saving for the future you want Many retirement experts agree...having the money you want in your later years comes from careful planning now. Important information: Variable

More information

Get an advantage for your retirement. Voya Select Advantage IRA Mutual Fund Custodial Account

Get an advantage for your retirement. Voya Select Advantage IRA Mutual Fund Custodial Account Get an advantage for your retirement Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change You have your own unique vision for what your life will hold. Whether you re switching jobs

More information

Viewpoint. Using a Trusteed IRA to Protect, Preserve and Control Your IRA Assets

Viewpoint. Using a Trusteed IRA to Protect, Preserve and Control Your IRA Assets Viewpoint NATALIE B. CHOATE JULY 2017 Using a Trusteed IRA to Protect, Preserve and Control Your IRA Assets The first IRAs were created in 1975 and contained no more than that year s maximum contribution

More information

Regions 401(k) Plan. Roth 401(k) Contributions

Regions 401(k) Plan. Roth 401(k) Contributions Regions 401(k) Plan Roth 401(k) Contributions 2017 Most people have a picture of their ideal retirement. Your picture is unique to you, and making it a reality takes planning. As you plan, you may want

More information

RETIREMENT STRATEGIES. Your IRA Planning for Tomorrow Today

RETIREMENT STRATEGIES. Your IRA Planning for Tomorrow Today RETIREMENT STRATEGIES Your IRA Planning for Tomorrow Today Achieving a comfortable future requires more from you more planning and more resources than in the past. Investment Products: ARE NOT INSURED

More information

Workplace Insights. 401(k) Wellness Scorecard. Key findings. For quarter ending September 30, 2013

Workplace Insights. 401(k) Wellness Scorecard. Key findings. For quarter ending September 30, 2013 RETIREMENT & BENEFIT PLAN SERVICES Workplace Insights 401(k) Wellness Scorecard For quarter ending September 30, 2013 During the third quarter of 2013, data across the participant base showed that the

More information

Safe Harbor 401(k) Defined Contribution. Defined Contribution

Safe Harbor 401(k) Defined Contribution. Defined Contribution Basic plan type IRA based IRA based Who adopts Corporations, companies no common law corporations 100 or fewer eligible corporations and small businesses 100 or fewer Can sponsor other qualified retirement

More information

City of San José Deferred Compensation Plan Overview D EF ER R ED C OMPE NSATION PLAN PLAN SAVE GROW

City of San José Deferred Compensation Plan Overview D EF ER R ED C OMPE NSATION PLAN PLAN SAVE GROW www.voyaretirementplans.com/custom/sanjose City of San José Deferred Compensation Plan Overview D EF ER R ED C OMPE NSATION PLAN PLAN SAVE GROW You should consider the investment objectives, risks, and

More information

Distributions from your employersponsored. retirement plan. Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York

Distributions from your employersponsored. retirement plan. Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York Distributions from your employersponsored retirement plan Understanding your options Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York AMK-068-N Page 1 of 12 Your

More information

Frequently asked questions pertaining to Roth 401(k) contributions, after-tax contributions and the Roth in-plan conversion feature

Frequently asked questions pertaining to Roth 401(k) contributions, after-tax contributions and the Roth in-plan conversion feature Frequently asked questions pertaining to Roth 401(k) contributions, after-tax contributions and the Roth in-plan conversion feature Is a Roth 401(k) in-plan conversion right for you? The following frequently

More information

PPA RESTATEMENT INSTRUCTION BOOK

PPA RESTATEMENT INSTRUCTION BOOK PPA RESTATEMENT INSTRUCTION BOOK Merrill Lynch Prototype Defined Contribution Plan and Trust for Basic SM and RCMA plans FOR PLAN SPONSOR USE ONLY. Merrill Lynch Wealth Management makes available products

More information

Rollover Contribution Form Instructions

Rollover Contribution Form Instructions Rollover Contribution Form Instructions Dear Plan Participant Thank you for choosing to roll your account balance into your company s retirement plan. To process your rollover quickly, you, your employer

More information

Your Solo 401(k) Made better. Introducing an opportunity for tax-free retirement income.

Your Solo 401(k) Made better. Introducing an opportunity for tax-free retirement income. Retirement Your Solo 401(k) Made better. Introducing an opportunity for tax-free retirement income. Coastal Pension Consultants, Inc.- Your 401k Partner Introducing your Roth 401(k) contribution option.

More information

The Roth contribution option. For retirement plans

The Roth contribution option. For retirement plans The Roth contribution option For retirement plans Contents 2 The Roth contribution option savings choice Learn about the differences between pretax and after-tax contributions 4 Comparing Roth after-tax

More information

Portfolio Snapshot. Sample Report. A proposal for your review. John Adams Financial Advisor Merrill Lynch Wealth Management

Portfolio Snapshot. Sample Report. A proposal for your review. John Adams Financial Advisor Merrill Lynch Wealth Management Portfolio Snapshot A proposal for your review Sample Report John Adams Merrill Lynch Wealth Management SENSITIVE CLIENT INFORMATION INSIDE Important Information This analysis is a brokerage report that

More information

Workplace INSIGHTS TM

Workplace INSIGHTS TM RETIREMENT & BENEFIT PLAN SERVICES Workplace INSIGHTS TM 401(k) Wellness Scorecard For quarter ending March 31, 2013 In the first quarter of 2013, employees financial wellness a key measure of retirement

More information

This document is being provided exclusively by AGL Resources, which retains responsibility for the content.

This document is being provided exclusively by AGL Resources, which retains responsibility for the content. This document is being provided exclusively by AGL Resources, which retains responsibility for the content. AT ANY TIME Visit the Merrill Lynch Benefits OnLine website to access your retirement benefit

More information

SERVING A STRONG FUTURE

SERVING A STRONG FUTURE ENROLLMENT OVERVIEW SERVING A STRONG FUTURE HPOU 457 DEFERRED COMPENSATION PLAN PRODUCTS AND FINANCIAL SERVICES PROVIDED BY AMERICAN UNITED LIFE INSURANCE COMPANY, A ONEAMERICA COMPANY PREPARE FOR YOUR

More information

Wealth Management Questionnaire

Wealth Management Questionnaire Wealth Management Questionnaire Your Name(s) Date Financial Advisor/Team Name Financial Advisor/Team Phone Number Financial Advisor Email INCLUDED IN THIS QUESTIONNAIRE: Personal Information page 3 Goals

More information

Identifying your Investor Profile

Identifying your Investor Profile Identifying your Investor Profile Name Date Determining risk tolerance One of the first steps in developing an investment strategy is to identify your tolerance for risk as an investor, referred to as

More information

A guide to your 401(k) account

A guide to your 401(k) account A guide to your 401(k) account Benefits OnLine www.benefits.ml.com It s easy to access your account online or by phone Benefits OnLine www.benefits.ml.com Benefits OnLine recognizes if you re logging in

More information

Market Decode: Volatility Is Not a Roller Coaster. Here s Why.

Market Decode: Volatility Is Not a Roller Coaster. Here s Why. Market Decode: Volatility Is Not a Roller Coaster. Here s Why. with Nick Giorgi Investment Strategist, Bank of America Global Wealth and Investment Maganagement Please see important information at the

More information

FINANCIAL WELLNESS: A PRIORITY FOR FINANCIAL SERVICES. January 18, 2018

FINANCIAL WELLNESS: A PRIORITY FOR FINANCIAL SERVICES. January 18, 2018 FINANCIAL WELLNESS: A PRIORITY FOR FINANCIAL SERVICES January 18, 2018 Boston Research Technologies conducted an online survey with a national sample of 1,242 employees who responded between September

More information

2017 Workplace Benefits Report

2017 Workplace Benefits Report WORKPLACE INSIGHTS 2017 Workplace Benefits Report Insights for employers as we help employees live their best financial lives Go Paperless! Please do not print this document. Receiving this document electronically

More information

Merrill Edge & You. The Insured Savings Account SM -- Attention Customers

Merrill Edge & You. The Insured Savings Account SM -- Attention Customers M208431612 Merrill Edge & You July 2012 The Insured Savings Account SM -- Attention Customers In the second quarter of 2012, certain changes were made to the Insured Savings Account SM ( ISA ) program.

More information

YOUR RETIREMENT SAVINGS OPTIONS. Rep Name, Designation

YOUR RETIREMENT SAVINGS OPTIONS. Rep Name, Designation YOUR RETIREMENT SAVINGS OPTIONS Rep Name, Designation [Advisor Disclaimer Here] WHAT WE LL COVER TODAY Distribution Options Choices you have for your money How We Can Help Take Action WHAT WE LL COVER

More information

Added choice under your 457(b) plan.

Added choice under your 457(b) plan. 3019053.G.P-2 12/19/11 12:06 PM Page T01 Added choice under your 457(b) plan. Roth 457: A unique opportunity for tax-free* retirement income. *Qualifying conditions apply. Your future. Made easier. 3019053.G.P-2

More information

Understanding ANNUITIES

Understanding ANNUITIES Understanding ANNUITIES An Overview for Your Retirement VLC0441-0917 TABLE OF CONTENTS Get Ready for Retirement.... 1 What Is an Annuity?.... 1 Who s Who in an Annuity?.... 2 Types of Annuities.... 3 Single

More information

Bank of America Merrill Lynch Legislative and Regulatory Brief

Bank of America Merrill Lynch Legislative and Regulatory Brief RETIREMENT & BENEFIT PLAN SERVICES Bank of America Merrill Lynch Legislative and Regulatory Brief July 2014 www.baml.com/publicpolicyinsights DOL Regulatory Project Plan Revised Status On May 27, 2014,

More information

2017 Retirement Plan Comparison Chart

2017 Retirement Plan Comparison Chart Employer s Discretionary: not Discretionary: not 100% on the first 3% of employee deferral plus 50% on the next 2% of employee deferral 3% of to all eligible 100% up to 3% of 2% of to eligible Discretionary;

More information

Estate planning using life insurance

Estate planning using life insurance Estate planning using life insurance With the right life insurance strategy, you can safeguard who and what you care about, while creating opportunities for your wealth to go further. To take advantage

More information

Franklin Templeton IRA

Franklin Templeton IRA Investor s Guide Franklin Templeton IRA Traditional IRA Roth IRA Whether you are just starting to save or entering retirement, an IRA can be an important part of a sound financial strategy to meet your

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding iras A Summary of Individual Retirement Accounts No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 11/13 23038-13B Contents

More information

Making the Most of IRA Opportunities

Making the Most of IRA Opportunities Making the Most of IRA Opportunities Why Is Saving for Retirement So Important? Increasing life expectancies mean more time spent in retirement. Aging population puts added strain on Social Security and

More information

Get real. Find out what retirement may cost and how to get ready RETIREMENT PLAN SERVICES. Charles Davenport CFP, ChFC Private Wealth Advisor

Get real. Find out what retirement may cost and how to get ready RETIREMENT PLAN SERVICES. Charles Davenport CFP, ChFC Private Wealth Advisor RETIREMENT PLAN SERVICES Get real Find out what retirement may cost and how to get ready Charles Davenport CFP, ChFC Private Wealth Advisor April 10 th & 11 th 2018 2017 Lincoln National Corporation PRIORITIZE

More information

INVESTING IN YOUR FUTURE: A TIAA FINANCIAL ESSENTIALS WORKSHOP. Money at Work 1: Foundations of investing

INVESTING IN YOUR FUTURE: A TIAA FINANCIAL ESSENTIALS WORKSHOP. Money at Work 1: Foundations of investing INVESTING IN YOUR FUTURE: A TIAA FINANCIAL ESSENTIALS WORKSHOP Money at Work 1: Foundations of investing Staying on course: Today s agenda Retirement Advisor Understanding saving Risk tolerance Asset classes

More information

2013 Retirement Plan Summary

2013 Retirement Plan Summary Understanding the differences among retirement plan alternatives 2013 Retirement Plan Summary If you re establishing a new retirement plan, selecting the appropriate design is the first step in providing

More information

Planning for the Great Unknown: The New Reality of Health Care in Retirement

Planning for the Great Unknown: The New Reality of Health Care in Retirement Planning for the Great Unknown: The New Reality of Health Care in Retirement 1 Disclosures Neither Bank of America nor any of its affiliates provide legal, tax nor accounting advice. You should consult

More information

Tax Deferral. Putting off taxes can be a good thing. Special Report

Tax Deferral. Putting off taxes can be a good thing. Special Report University of the District of Columbia 403(b) Tax Deferral Putting off taxes can be a good thing Special Report Nobody enjoys paying income taxes. By investing in your employer-sponsored retirement plan,

More information

Fundamentals of Retirement Income Planning

Fundamentals of Retirement Income Planning Fundamentals of Retirement Income Planning 1 How will you know you re ready to retire? A simple question without a simple answer 2 Understand how a retirement income plan can help you Decide when you can

More information

Fundamentals of Retirement Income Planning

Fundamentals of Retirement Income Planning Fundamentals of Retirement Income Planning 1 How will you know you re ready to retire? A simple question without a simple answer 2 1 Understand how a retirement income plan can help you Decide when you

More information

THE BASICS OF YOUR RETIREMENT PLAN

THE BASICS OF YOUR RETIREMENT PLAN THE BASICS OF YOUR RETIREMENT PLAN CONTENTS CREATE THE FOUNDATION FOR YOUR FINANCIAL FUTURE 3 INVESTING FOR RETIREMENT 4 ACCESSING YOUR RETIREMENT ASSETS 5 WHAT HAPPENS IF I CHANGE EMPLOYERS OR RETIRE?

More information

A guide to reading your deposit account statement.

A guide to reading your deposit account statement. A guide to reading your deposit account statement. The Bank of America deposit account statement is designed to efficiently meet your account information needs. To better understand this deposit account

More information

U.S. Trust Gender Lens Investing Sizzle Reel

U.S. Trust Gender Lens Investing Sizzle Reel U.S. Trust Gender Lens Investing Sizzle Reel Jackie Vanderbrug, U.S. Trust (Intro Graphic) (Music) RON CORDES: People aren't really informed as to what Gender Lens Investing is and so I think that they

More information

401(k) & IRA Rollover Options

401(k) & IRA Rollover Options Our Advisor and Fidelity Insight Diversification Dedicated Support Smart move ṢM 401(k) & IRA Rollover Options STRATEGIES FOR JOB CHANGERS AND RETIREES. Not FDIC Insured May Lose Value No Bank Guarantee

More information

The quality of care your financial life deserves

The quality of care your financial life deserves The quality of care your financial life deserves We can help you take care of everything that matters Every day, your focus is on your patient s health. You give pet owners the guidance, support and solutions

More information

YOUR GUIDE TO IDENTIFYING YOUR TAX RETURN OPPORTUNITIES

YOUR GUIDE TO IDENTIFYING YOUR TAX RETURN OPPORTUNITIES YOUR GUIDE TO IDENTIFYING YOUR TAX RETURN OPPORTUNITIES 2 At Transamerica, we re committed to providing you with the tools and information you need to make the right financial decisions. IRS Form 1040

More information

Standing Letter of Authorization/ Instruction Enrollment Form and Agreement

Standing Letter of Authorization/ Instruction Enrollment Form and Agreement Standing Letter of Authorization/ Instruction Enrollment Form and Agreement Part 1 Merrill Edge Accounts *Use this if you would like to set up standing instructions and/or authorizations for transfers

More information

Merrill Lynch INVESTMENT ADVISORY PROGRAM. WRAP FEE PROGRAM BROCHURE Please retain for your records

Merrill Lynch INVESTMENT ADVISORY PROGRAM. WRAP FEE PROGRAM BROCHURE Please retain for your records Merrill Lynch INVESTMENT ADVISORY PROGRAM WRAP FEE PROGRAM BROCHURE Please retain for your records Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New York, NY 10036 800.637.7455 www.ml.com

More information

Rollover IRAs. Consider the advantages of consolidating your retirement savings PROOF 3

Rollover IRAs. Consider the advantages of consolidating your retirement savings PROOF 3 Rollover IRAs Consider the advantages of consolidating your retirement savings O O R P 3 F Consider the Advantages of Consolidating Your Retirement Savings If you have changed jobs, left the workforce

More information