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Saving for Retirement through Payroll Deduction

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Saving for Retirement through Payroll Deduction

  1. 1. How do you save for retirement through payroll deduction?
  2. 2. 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.
  3. 3. 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) and 457 Roth Deferred Compensation Plans: 457(b) Pre-tax deduction 457 Roth After tax deduction therefore qualified distributions are not taxed 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. * Not intended as tax, financial or legal advise.
  4. 4. Plan Providers Representative Contacts: 457 (b) 457 Roth X X X X X X X AXA Equitable 403 (b) X X Michael Malicay 1-630-575-5022 michael.malicay@axa-advisors.com Warren Suess 1-630-954-6853 warren.suess@axa-advisors .com Roger Nulton Kyle Zake 1-630-990-3091 roger.nulton@axa-advisors.com 1-630-954-6896 kyle.zake@axa-advisors.com X CPI Qualified Plan Consultants, Inc. Michael R. Runge 1-630-677-6283 (cell) michael.runge@morganstanley.com 1-630-573-9739 (phone) 1-630-214-3881 (fax) First Investors Corporation/First Investors Funds Matt Rosner matthew.rosner@firstinvestors.com 1-630-705-1800 ext 228 (phone) ING-Reliastar Life 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 X VALIC Financial Advisors, Inc. Stephen Oostema 1-708-205-0766 (cell) Jacqueline Skryd 1-630-995-6641 (cell) Lisa McPherson 1-630-277-0063 (cell) Email (first.last@valic.com) X Waddell & Reed Ann Elliott CFP, MBA aelliott@wradvisors.com 1-630-728-5221 (cell) 1-630-245-1230 (fax) 1-630-245-1156 x122 (phone) X X
  5. 5. Visit our vvsd website, under the Payroll Department, for a link to Retirement Manager.
  6. 6. For access to financial tools and to manage your contributions, log in to Retirement Manager today!

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