Additional Information
Put time on your side Enroll sooner in your retirement plan, have more growth potential
For many, retirement can feel like a distant goal, but the sooner you start to save, the better off you could be. That’s because of compounding interest—even if you have less to contribute now, you may end up with more in the long run just by giving it more time, because your interest earns interest too.
Time in the market matters
$798,735 saved $200,000 contributed
$5K annual contributions start
$10K annual contributions start
$566,317 saved $250,000 contributed
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35
40
45
50
55
60
65
Age
The above illustration is intended to show a hypothetical example of the principle of compounding. The example does not include the impact of any investment fees, expenses or taxes that would be associated with an actual investment. If such costs had been taken into account, the results shown would have been different. Not intended to represent the past or future performance of any investment. Assumes contributions are made monthly at a 6% annual effective rate, compounded monthly. Actual performance will vary with market conditions.
Enroll and save like clockwork After enrollment, your contributions can be automatically deducted from your paycheck and applied to your account. As an added perk, those contributions may be pretax, which could reduce your current-year taxable income and drop you to a lower tax bracket. No taxes are owed until you take money out of the plan at retirement. 1,2
Get started today at TIAA.org/enroll A few minutes now can really add up.
14 BROOKSTONE SCHOOL 2024 BENEFITS GUIDE
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