401(K) PLANUpton Investment Group

Jamie lee AshleyPd 8

×What is it?×How does it work?×Loans/Withdrawals×A Great Way To Save×Managed by professionals

OVERVIEW

× Type of retirement plan for employees of participating companies×Save and invest money deducted from each

paycheck×Established by Federal Government in 1981

WHAT IS IT?

× You decide how much to deduct from each paycheck+ There is a legal maximum+Deductions are not taxed

×You decide how to invest the money

HOW DOES IT WORK?

× Depending on you 401(k) plan rules, you can borrow money from you’re account×Withdrawals are restricted+Money is for retirement, after age 59 ½+Withdrawals are subject to a 20% tax+Possible additional 10% early withdrawal penalty

LOANS/WITHDRAWALS

× Increase your take-home salary

A GREAT WAY TO SAVE