Don’t leave money on the table!

Take full advantage of your union negotiated 401K contributions

We believe that everyone has a right to retire. Your union contract guarantees you have employee rights and benefits such as wage increases, job protection, a safe workplace and retirement benefits. Each union contract is different, but if you have a 401K, you’ll want to keep reading for some important advice.  

The secret to a good retirement is to set money aside out of each paycheck, before it is taxed, during your working years. You will also want to check your union contract to see if your employer also contributes money to your 401K. It’s important to let the power of time and compounding interest work to help your retirement nest egg grow.

Saving for retirement on a pre-tax basis not only helps reduce your income taxes today, but it helps boost your account by allowing you to postpone paying taxes on the money you save and on the growth of your 401K account until you start taking money out at retirement. 

While it is never too late to start saving for retirement, if you want to have a lot of money in your account when you retire, it’s more important to start saving early. This real-world example below helps make this point.

The dream of retirement is within reach for you and your family, to make sure you are taking full advantage of this union benefit check to see what your union contract says about your retirement benefits today!