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Our Family Is Crazy
401K: New Roth

IRA Option
By: Betsy Volm
Date: January 2, 2020

The HR department would like to remind you about a recent enhancement to our 401(k) investment program: the Roth IRA option.

The Roth option in your Avamere Health Services 401(k) plan allows you to make after-tax contributions now and enjoy tax-free distributions later. It’s another way to add to your savings for the future you want.

Contributions made to a Roth IRA are taxed now versus the more traditional pre-tax contributions. What are the differences?

PRETAX

· Potentially lower your current taxable income

· Earnings grow tax deferred

· Distributions are taxed as ordinary income

 

ROTH

· Pay taxes on contributions now

· Earnings grow tax deferred

· Qualified distributions are tax-free

Login to your existing account and learn more.

Not enrolled yet? Please download the attached flyer for all of the benefits of a 401K. You can easily get enrolled by reaching out to our 401K administrator, Empower Retirement. They can also answer any questions you have about the program.


401K: New Roth IRA Option

By: Betsy Volm
Date: January 2, 2020


The HR department would like to remind you about a recent enhancement to our 401(k) investment program: the Roth IRA option.

The Roth option in your Avamere Health Services 401(k) plan allows you to make after-tax contributions now and enjoy tax-free distributions later. It’s another way to add to your savings for the future you want.

Contributions made to a Roth IRA are taxed now versus the more traditional pre-tax contributions. What are the differences?

PRETAX

· Potentially lower your current taxable income

· Earnings grow tax deferred

· Distributions are taxed as ordinary income

 

ROTH

· Pay taxes on contributions now

· Earnings grow tax deferred

· Qualified distributions are tax-free

Login to your existing account and learn more.

Not enrolled yet? Please download the attached flyer for all of the benefits of a 401K. You can easily get enrolled by reaching out to our 401K administrator, Empower Retirement. They can also answer any questions you have about the program.

© 2019 Avamere Family of Companies
© 2019 Avamere Family of Companies
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© 2019 Avamere Family of Companies