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CREATE YOUR OWN RETIREMENT PLAN

CREATE YOUR OWN RETIREMENT PLAN

Nearly half of all private sector workers do not have an employer-sponsored retirement plan. But that’s no reason not to save. Payroll Deduction IRAs are just one way workers can make their own plan. Just set up a traditional or Roth IRA, authorize the payroll deduction you are comfortable with, and watch your retirement savings grow. Of course you can fund your IRA in other ways, but payroll deduction is a simple, automatic way to save for your future.

Employers – large and small – also have plenty of options available to help provide their employees with a secure financial future. Whether it’s a defined benefit plan, a 401(k), or a SIMPLE IRA, employers can choose a plan that works best for their employees and their business. The IRS has published a guide to help you understand employer-sponsored plans and decide which savings options work best for you. For more information, check out the Plan Feature Comparison Chart.