Ways to Save For Retirement
ING has some key features make your plan one of the best ways to save for your retirement:
- You’re in control of your savings potential. You can save automatically. You simply specify how much to save. The amount will be automatically deducted from your paycheck and deposited to your plan account—before you ever see the funds in your paycheck. Plus, your plan offers a variety of investment options managed by experienced professionals.
- Your contributions reduce your current taxes. Because your contributions are made with pre-tax money, you reduce your overall taxable income, which adds up to considerable savings.
- Put the power of compounding on your side and save even more. Through the power of tax-deferred compounding, your money can grow even faster because earnings that could have been taxed get reinvested and earn even more.