Once you leave employment, you can no longer contribute directly to your Texa$aver 401(k) or 457 Plan. You can roll another employer’s 401(k), 401(a), 403(b), or eligible governmental 457 account into either the Texa$aver 401(k) or 457 Plan.
Distribution flexibility with a variety of payout options.
Rollover money from your account to purchase service credit.
Keeping your money in the Texa$aver Program may provide you with better retirement opportunities.
Once you reach retirement, you have less time to grow your savings.
Administrative fees, account management fees, and other one-time charges.
Rollovers from other account into the Texa$aver account saves on fees.
Provides advice about investing your Texa$aver account money.
Choose the right investments to match your goals.
Requires that you begin taking distributions once you reach age 70½.
Payments on your loan are still due. You can pay off your loan, or continue to make payments to Great-West on a monthly basis.