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401( K ) PLAN U PTON I NVESTMENT G ROUP. OVERVIEW  what is it?  How does it works?  Loans/Withdrawals  A Great way to save  Managed.

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Presentation on theme: "401( K ) PLAN U PTON I NVESTMENT G ROUP. OVERVIEW  what is it?  How does it works?  Loans/Withdrawals  A Great way to save  Managed."— Presentation transcript:

1 401( K ) PLAN U PTON I NVESTMENT G ROUP

2 OVERVIEW  what is it?  How does it works?  Loans/Withdrawals  A Great way to save  Managed

3 WHAT IS IT?  Type of retirement plan for employees of participating companies  Save and invest money deducted from paycheck  Established by federal government in 1981

4 HOW DOES IT WORK?  You decide how much to deduct from each paycheck  There is a legal maximum  Deductions are not taxed  You decide how to invest the money

5 LOANS/WITHDRAWALS  Depending on your 401(k) plan rules, you can borrow money from your account  Withdrawals are restricted  Money is for retirement, after age 591/2  Withdrawals are subject to a 20% tax  Possible additional 10% early withdrawal penalty

6 MANAGED BY PROFESSIONALS

7 A GREAT WAY TO SAVE  Increase your take-home salary

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