Question 1

401K

Accepted Answer

A 401K plan is a voluntary savings plan designed for savings and accumulation over the long term throughout your working years.

You start by selecting the percentage of your income you want to save for retirement. This selection will be taken out of your paycheck before it is taxed and placed into a retirement account. Any earnings will be tax-deferred, which means you pay no taxes on it until you withdraw it.

Question 2

Traditional IRA

Accepted Answer

With a Traditional IRA, your contributions are deducted from your check before taxes have been taken out. As contributions are made automatically to your account over the years, and your funds earn investment returns, your account balance will grow over time. Additional benefits include: 
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 • Pre-tax contributions
 • Immediate tax savings
 • Tax-deferred earnings
 • Taxable withdrawals

Question 3

Roth IRA

Accepted Answer

With a Roth IRA, your contributions are deducted from your check after taxes have been taken out. As contributions are made automatically to your account over the years, and your funds earn investment returns, your account balance will grow over time. Additional benefits include:

·        After-tax contributions
·        Deferred tax savings
·        Tax-free earnings
·        Tax-free withdrawals for qualified individuals

Question 4

VPG’s Contributions

Accepted Answer

VPG will match your contributions up to 3% of your pay plus 50% of what you contribute up to the next 2% of your pay. To help you save more, your VPG match is a percentage of your pay. It’s like getting a bonus for investing in the plan.

Question 5

How to Enroll in your retirement plans

Accepted Answer

Enrolling can be done right at home, on your own computer, or with assistance of a financial advisor. Read below to see which step works best for you.

Option 1 (self-enrollment)

Enroll with Capital G( www.americanfunds.com/retire)roup ( www.americanfunds.com/retire)on your desktop computer or mobile phone. A visual guide is also available for download below.

• Name your beneficiary(ies)
 • Choose your contribution rate
 • Determine how to invest: A target date fund based on your age and estimated retirement date will be your defaulted selection or you can pick your own investment mix

Option 2 (working with your financial advisor)

Schedule your 1-on-1 appointment (www.401kmeeting.com)with your plan financial advisor, Christopher Bush of WAW Wealth Management, to review your selections, 401k plan, benefits, features, and customized personal financial analysis.

Question 6

How Can I Withdraw My Money?

Accepted Answer

Below is a list of the most common reasons participants choose to withdraw funds from their retirement accounts, some of which are subject to penalties.

• Retirement
 • Termination of employment (including death or permanent disability)
 • Loans
 • Hardship withdrawals
 • In-service withdrawals after age 59 ½

Before making any decision on withdrawing funds, its best to speak with a financial expert to help you best understand the process and any associated penalties. To speak with an agent, please call American Funds at 800-421-6019.

Question 7

Who is Managing My Money?

Accepted Answer

American Funds is the investment company serving as the custodian for the funds. To speak with a representative, please give them a call at (800) 421-6019()

Question 8

Five Reasons to Join

Accepted Answer

• Saving is easy with payroll deduction.
 • You receive favorable tax benefits.
 • Your plan offers professionally managed investments.
 • Your plan is part of your employee benefits package.
 • You will be on your way to secure retirement.

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