The LSU EZ-Enrollment Retirement Program. Mark Tusa, Regional Manager, ING Financial Advisers Mike Sotile, Lead LSU ING Representative Linda Alumbaugh, ING Representative Colette Riha, ING Representative. Why Save for Retirement?. Because you want to live as well as you can during your
Mark Tusa, Regional Manager, ING Financial Advisers
Mike Sotile, Lead LSU ING Representative
Linda Alumbaugh, ING Representative
Colette Riha, ING Representative
not be enough to replace your current income in retirement.
Today’s healthy 65-year old will likely live 20-30 more years.
50% of males age 65will live past age 80.
50% of females age 65will live past age 84.
Based on current Annuity 2000 Mortality Table assuming relatively good health (2005)
Saving through the LSU EZ-Enrollment Retirement Program – a 403(b) program - allows you to:
The LSU EZ-Enrollment Retirement Program
allows pre-tax contributions, which can turn $70 into $100.
Out of every $100 you make,
you can put $100 into your plan, AND your $100 can grow tax-deferred, building your nest egg faster!
you can let the government take $30 in taxes and save $70…
Assumes state and federal income taxes of 30%.
$1000 $200 $800 $100 $700
EZ Plan Salary / Savings / TI / Tax / Take Home
$1000 $100 $900 $180 $720
Larry starts saving $300 a month at age 45
Susan starts saving $100a month at age 25
20 years of saving
40 years of saving
Total Savings at 65The sooner you start, the sooner you reach your goals.
Assumes each accounts earns an annual tax-deferred rate of return of 8.00% and is for demonstration purposes only. Not based on the rate of return or the incurred costs of any particular investment. The effects of fees and charges would reduce the numbers shown. Not intended to serve as financial advice or as a primary basis for your investment decisions. Taxes are generally due upon withdrawal. Dollar cost averaging does not ensure a profit nor guarantee against loss. Investors should consider their financial ability to continue their purchases through periods of low price levels.
Individuals who contribute to an Employer Retirement Plan or to an IRA may qualify for a Saver’s Tax Credit. This credit is equal to the following:
50% of Contribution
20% of Contribution
10% of Contribution
Remind your tax preparer that you could qualify for a Tax Credit
Neither ING nor its representatives offer tax or legal advice. The taxpayer should seek advice from an independent tax advisor.
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You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options; or mutual funds offered through a retirement plan, carefully before investing. The prospectuses/prospectus summaries/information booklets contain this and other information, and can be obtained by contacting your local representative. Please read the information carefully before investing.
The Internal Revenue Code generally prohibits withdrawals of any contributions and attributable earnings prior to death, disability, age 59 1/2, severance of employment, or financial hardship. (The amount available for hardship is limited to the lesser of the amount necessary to relieve the hardship, or the account value as of 12/31/1988 plus the amount of any salary reduction contributions made after 12/31/1988 (exclusive of any earnings.)