Small contribution increases can add up
Increasing your
contribution, no matter how small, is a good thing
You may have heard small increases to your
retirement plan contribution won’t make a difference. The reality is, increasing
your contribution over time can make a big difference later with little impact to
your paycheck.
Check out this video about increasing your
contribution.
If you are ready to increase your contribution, manage your account online or contact us today.
If an investor increases the contribution by
even 1% it can really add up.
Illustration assumes
bi-weekly deferrals accumulated at 7% for 30 years. This example is only an
illustration and isn’t intended to reflect the return of any actual investment.
Investments don’t typically grow at an even rate of return and may even lose money.
The effect of taxes and costs of investing have not been reflected.
