How to save for re rement through payroll deduc on

How to save for re,rement through payroll deduc,on How Do You
save for ret
irement?
As our population ages, attention has been given to
retirement savings, especially as average life span
increases. Do you think you will have enough saved to
augment your Social Security and/or pension for your
retirement.
Valley View School District offers to all employees, three ways to save for re7rement through payroll deduc7on: Ø 403(b)-­‐Tax Sheltered Retirement Plan Ø 457(b)-­‐Traditional Tax Deferred Compensation Plan Ø Roth 457-­‐ After Tax Compensation Plan Ø For IMRF Participants only, the Voluntary Additional Contribution: up to 10% of IMRF earnings in after tax contributions 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 2015 is $18,000 Allows for additional catch up contributions for participants age 50+ of $6,000 457(b) and 457 Roth Deferred Compensation Plans: 457(b) Pre-­‐tax deduction 457 Roth After tax deduction therefore qualified distributions are not taxed 457(b) and/or 457 Roth Calendar year contribution limit for 2015 is $18,000 (combined) Additional catch up contributions for participants age 50+ of $6,000 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. Plan Providers
Representative Contacts:
AXA Equitable
403 (b)
457 (b)
457 Roth
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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
CPI Qualified Plan Consultants, Inc. –
Morgan Stanley
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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)
Voya Financial (formerly 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.
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Jennifer Prosise, MBA Jennifer@voyagergroupltd.com
1-815-729-1166
1-800-803-7600
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VALIC Financial Advisors, Inc.
Stephen Oostema 1-708-205-0766 (cell)
Terry Pasquale 1-630-207-3663 (cell)
Jacqueline Skryd 1-630-995-6641 (cell)
Lisa McPherson 1-630-277-0063 (cell)
Email (first.last@valic.com)
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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)
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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!