Maximize Your Retirement Savings Potential: Unlock Your Voluntary Contribution Options
Unlock the full potential of your retirement savings by exploring voluntary contribution options beyond the mandatory retirement plan. While your TRS or ORP contribution remains fixed at 6%, you have the power to increase your savings through additional voluntary contributions. USG staff and faculty can tap into the benefits of 403(b) and/or 457(b) accounts, offering both pre-tax and after- tax options. In 2024, you can contribute up to $23,000 annually, with an additional $7,500 if you're aged 50 or above. Enrollment is convenient through OneUSG Connect via the Retirement@Work tile. Start contributing today and witness the surprising growth of your retirement nest egg. Need guidance on investment strategies? Schedule an appointment with one of our retirement vendors for expert advice tailored to your financial goals.
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