Taking Advantage of Your Empower 457(b) Deferred Compensation Plan?
Give Yourself a Pat on the Back!
Investing for your retirement is a wise decision. Utilizing your employer’s Deferred Compensation Plan (DCP) is one smart way to help build your nest egg. Your DCP, available through a group variable annuity contract, offers you the benefit of tax-deferral, so you don’t pay taxes on your contributions or any earnings you accumulate until you take the money out.
* Usually, distributions are taken at retirement, when you may be in a lower tax bracket and could pay less tax. Over time, on-going contributions and tax-deferral can be an additional way to add to one’s nest egg. Plus, by contributing to your DCP, you reduce your current taxable income, too. And if all of this wasn’t enough, your contributions are payroll-deducted--so saving is automatic and takes you no additional time or effort! And it was EASY! We’re quite confident you’ll agree that contributing to your DCP is easier than you expected.
That may be because Empower believes that helping you plan for retirement goes beyond just providing products and services. It’s about building relationships that can enhance your life—today and throughout your lifetime. At every stage of your life, Empower is here, with resources and tools designed to help you manage your financial future. Call your Empower Representative today about enrolling in the Lehigh County Plan, or for more information about Empower’s DCPlus deferred compensation program, including a currently effective prospectus which details fees and charges. Read it carefully before you invest or send money. For more information about Empower’s program, call your local representative.
Evan Cowen at 610-694-0900 E-Mail
* Withdrawals are taxed as ordinary income. Early withdrawals may result in some penalties, including a Contingent Deferred Sales Charge. DCPlus is available through a group variable annuity contract issued by Empower and underwritten and distributed by Empower. This presentation must be proceeded or accompanied by a currently effective prospectus. Read it carefully before you invest or send money.