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"We make a living by what we get, but we make a life by what we give." - Winston Churchill

Financial Education

Financial Education Center > Investing For Retirement
Tax-Advantaged Retirement Savings at Your Company
  • Introduction
  • Defined Benefit Plans: Fixed Income for Life?
  • Defined Contribution Plans: Brief Descriptions

Introduction

The three-legged retirement stool concept consists of Social Security, pension and profit-sharing plans, and personal savings. Your employer is responsible for the pension leg. You are responsible for understanding the profit-sharing plans and taking advantage of the tools provided to help you with the personal savings leg. If you are working for a large employer, you most likely have more than one type of retirement plan available to you. These plans, in general, are known as "qualified" plans because they meet Internal Revenue Service guidelines that offer certain tax privileges. As long as you and the company continue to follow IRS guidelines, both parties will enjoy current tax benefits.

  • Connect with a Financial Advisor

While some plans may be fully paid by your company, other plans may require you to make a contribution. Unfortunately, many employees fail to take the time to know how their company plans work. Do you know if you are eligible to receive a monthly benefit from your employer when you retire? Do you know what the formula is based on? Do you know how much you can save in your company's retirement plan? Employees should become familiar with all the features of their company plans.

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Meeting with NHTrust Team is without obligation or cost.

NHTrust is a trade name of the New Hampshire Trust and Wealth Management Company. Brokerage services are offered through INFINEX INVESTMENTS, INC., Member of FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and NHTrust are not affiliated.

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