Understanding the Basics

Why You Should Invest in a 401(k) Plan

A 401(k) plan is a great place to accumulate retirement funds. Here's an example: You earn $25,000 a year at age 25 and receive a 4% raise per year. If you put 6% of your salary into a 401(k) plan, you'll accumulate about $470,000 (before taxes) by age 65 assuming a 6% rate of return. By contrast, if you save at the same rate in a taxable account outside a 401(k) plan, you'll end up with about $350,000 (assuming a 25% tax rate).

Share Article:
Add to GooglePlus
IT IS IMPORTANT that our customers understand that products and services made available through Osaic Institutions, Inc.
  • ARE NOT A DEPOSIT
  • ARE NOT FDIC-INSURED
  • ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
  • ARE NOT GUARANTEED BY THE BANK
  • MAY GO DOWN IN VALUE
Any questions about this should be taken up with an Osaic Institutions,Inc Representative or any bank officer.

Important information about procedures for opening a new account

To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
BrokerCheck