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You can tell the IRS that they can’t touch this for a while because one of the best benefits of enrolling in your employer-sponsored retirement plan is that your contributions and any returns you may get on your investment are tax-deferred until you begin taking distributions in retirement.
Try to tighten up your budget so you can contribute more to your employer-sponsored retirement plan because any extra amount you contribute today may really make a difference in the amount you have saved when you reach retirement.
You may be able to help prevent any holes in your investment strategy with a well-diversified employer-sponsored retirement plan portfolio because it may help you to better withstand the ups and downs of the market.
*Diversification of an investment portfolio does not assure a profit and does not protect against loss in declining markets.
You’ve plied your trade so now you need to know how to get the most out of the money you’ve accumulated in your employer-sponsored retirement plan because the distribution option you choose may, in part, determine how long your money will last.
The World Wide Web is right at your fingertips. Take advantage of it by visiting websites that may help you plan for retirement.
Great-West Retirement Services® is not responsible for, nor does it endorse the content contained in the additional Web sites provided. These Web sites are for general education and information only and are provided as a benefit to the users of the sites.