This title slide is titled "Financial Vehicles for Retirement Planning." Its subtitle previews an exploration of 401(k), HSA, and Roth IRA, including key benefits and comparisons to secure your future.

Financial Vehicles for Retirement Planning

Exploring 401(k), HSA, and Roth IRA to secure your future. Key benefits and comparisons ahead.

This slide introduces retirement planning, urging to start early for compound interest and target savings of 10-15x annual salary by retirement. It recommends diversifying via tax-advantaged accounts while adjusting for inflation and longevity risks.

Introduction to Retirement Planning

• Start early to leverage compound interest
• Target 10-15x annual salary by retirement
• Diversify using tax-advantaged accounts
• Adjust for inflation and longevity risks

401(k) plans are employer-sponsored with high 2024 contribution limits of $23,000, tax-deferred growth, and pre-tax contributions. They often include employer matching and automatic payroll deductions for ease.

Benefits of 401(k)

• Employer-sponsored with high limits ($23K in 2024)
• Tax-deferred growth; pre-tax contributions
• Often includes employer matching
• Automatic payroll deductions for ease

HSAs provide a triple tax advantage—deductible contributions, tax-free growth, and tax-free medical withdrawals—while rolling over indefinitely and allowing IRA-like investments. They are portable across jobs and permit penalty-free withdrawals for any use after age 65.

Benefits of HSA

• Triple tax advantage: deductible contributions, tax-free growth, tax-free medical withdrawals
• Rolls over indefinitely; invest like an IRA
• Portable across jobs
• Penalty-free withdrawals for any use after age 65

Source: Retirement Planning Presentation

The slide outlines key Roth IRA benefits: tax-free withdrawals and growth on earnings, plus no lifetime required minimum distributions. It compares Roth IRAs to 401(k)s (tax-free growth without employer match) and HSAs (tax-free for retirement, not just medical expenses).

Roth IRA Benefits & Comparison

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