MMA 401(k)
If you participate in an employer-sponsored retirement plan, there’s a good chance it’s a 401(k) plan. Based on industry surveys, the 401(k) is among the most popular employer-offered benefits.
When it comes to your retirement savings, it’s important to have the tools you need to build the kind of nest egg you want for your future. That’s why MMA has teamed up with The Standard to administer the MMA 401(k). You can read more about The Standard on their Web site.
What is the MMA 401(k)?
With a 401(k), you – as an employee – can make pretax contributions to the plan. This actually makes it easier for you to save for retirement, because your contributions actually reduce your current taxes.
If you are currently participating in the MMA 401(k), and have questions about your retirement income options, you can talk to your employer or MMA advisor. Your MMA advisor is specifically trained to help you deal with retirement planning and your financial goals.
If you are an employer interested in offering your employees retirement benefits, your MMA advisor can help customize a retirement plan that best fits your needs. Learn more about the MMA 401(k) and other employer-provided retirement benefit options from MMA.
Flexibility to fit your needs
With the MMA 401(k), you can build a conservative, balanced, or aggressive investment strategy by choosing funds from a multitude of asset classes. Your MMA advisor can help you figure out the best investment strategy for you.
Start saving today – you won’t regret it
For some people, talking about saving for retirement can be difficult – and easy to avoid. Maybe it’s because of unfamiliar investment terms or working with so many numbers. Or maybe it’s hard to see how you can give up income to pay current bills. Or maybe retirement just seems too far away, or something you don’t want to think about. For others who enjoy financial preparation, it’s important to stay current with laws and investment options.
Whichever category you fall into, there’s nothing like having some time on your hands, especially when it comes to saving money for retirement. Whether you have 40 years or 14 years left until retirement, you’re still building your retirement savings each and every month.
To help you determine how much savings you need to retire by a certain age, use our retirement savings calculator on our Your Enough Web site, geared for people planning their retirement. Other resources can be found in our financial education section, which is designed to help you plan for the future. For an attractive workbook to focus your thinking about retirement, request the Your enough guide.