It factors in your health, savings, income and more to illustrate how many factors may impact your retirement. MyFiTage is a secure, strategic online tool that estimates the first year your retirement resources are projected to cover your living expenses for the rest of your life. The Internal Revenue Service sets limits on your contributions each year. You can also log onto NetBenefits to view and manage your account. We also encourage you to connect with your own trusted financial advisor. Just call the Fidelity Service Center at 1-80 and ask to speak with a Planning and Advice Professional. Help you complete a Roth in-plan conversion or sign up for automatic conversion of after-tax contributions.Explain how Roth in-plan conversions work.Help you understand your contribution options.Fidelity Planning and Advice Professionals are available to: In addition to the many tools and resources available on employees are able to reach out to Fidelity for help with a wide range of financial planning needs. The Annual Increase Program (AIP) automatically increases your savings contribution by 1% each year until your contribution reaches 10% (if your current election is between 1% and 9%). The Fidelity BrokerageLink® allows you to invest up to 95% of your account balance. You are able to save even more into the 401(k) plan with after-tax dollars (up to 10%), and with the Roth in-plan conversion feature you have the chance to potentially build more tax-free retirement income. With the Roth in-Plan conversion feature, you have the opportunity to build more tax-free income by converting contributions to Roth so potential earnings grow tax free* Note that contribution limits are combined across these accounts, but you can split your contributions between the two any way you like. Eastman's plan allows you to hold both the traditional pre-tax account and a Roth account within the 401(k) plan. Roth contributions are taxed before going into the account and are not taxed upon withdrawal as long as the withdrawal is a qualified distribution. Eligible participants will receive an RSC allocation equivalent to 5% of the year's RSC-eligible earnings into your 401(k) account. The RSC does not apply toward the annual IRS limit for employee 401(k) contributions. The 401(k) plan includes an annual Retirement Savings Contribution (RSC). ![]() Eastman’s Contribution to Your 401(k) Account Contribute enough to receive the company match if you are eligible. If eligible, Eastman matches 50% of every dollar you contribute through your deferral, up to 7%. You may change your deferral rate, investment choices, or opt out of the automatic enrollment at any time. ![]() All participants deferring between 1% and 9% will have their deferral rate increased by 1% annually with the “Auto Increase” feature until 10% deferral is reached. ![]() New participants are automatically enrolled at 7% deferral rate (subject to the annual limit set by the Internal Revenue Service). Make the Most of This Important Benefit Your Contributions
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