Arizona University System 403(b) Plan

Arizona University System 403(b) Plan

What you'll learn

2

1 How the Voluntary 403(b) Plan works 2 Why you should save 3 Reasons to enroll in the 403(b) 4 How much you should save 5 Why you should start today 6 Investing basics 7 Get started! 8 Resources and next steps

How the Voluntary 403(b) Plan works

It's available to any employee, at any time

It supplements your ASRS or ORP Mandatory Retirement Plan

The 403(b) is a great option for postdoctoral scholars or foreign visitors who cannot contribute to the ASRS or ORP Plan.

3

Your savings funds your retirement

Your participation is voluntary & 100%

employee-paid

Why you should save

50%

We're living longer

$368,000

4

Why you should save

Social Security is uncertain

Concerns about traditional sources

of retirement income

Working longer may not be an

option

5

Why you should save

? Inflation's effect on purchasing power ? Inflation rates can shrink the buying power of money over time

Movie Milk Gas Postage Stamp Consumer-Based Price Index

1997 $4.49 $2.67 $1.77 $0.32 $160.55

2017 $8.97 $3.16 $2.46 $0.49 $245.12

Increase +98% +18% +39% +53% +53%

Source: Bureau of Labor Statistics, U.S. Inflation Calculator

6

Reasons to enroll in the 403(b) Plan

Your 403(b) offers you

Convenience

Choice

Control

CHOOSE AMOUNT AND INVESTMENTS

7

Convenience

Your U A 403(b) makes it easy to save

Contributions are made automatically from your paycheck

Savings go directly into your account to

investments you elect

You can change contribution amounts

any time

If you need your money

Withdrawals are permitted only with a distributable event

Home/general purpose loans

available

Paycheck

8

Your contributions

Your 403(b) account

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download