Benefits of Texa$aver
A balanced financial plan is like a three-legged stool. All three legs are needed to provide stable income security in retirement:
- Your State retirement payment (annuity);
- Social Security; and
- Personal savings and investments (like 401(k), 457, and IRA).
Along with your pension and Social Security income, you can save through the Texa$aver Program to have the additional income you need when you retire.
Advantages of participation in the Texa$aver program
Contributions to Texa$aver are deducted from your monthly paycheck before income taxes are taken out.
Texa$aver Program is a low-cost program.
- Low investment fees keep more of your retirement money working for you.
- Texa$aver offers you investment products that are competitively priced compared to many retail mutual funds.
- Some funds offer attractive reimbursements to participants.
Texa$aver Program offers flexible, easy account management.
Quick and easy transfers among investment options.
- No paperwork needed transfer your assets among Texa$aver’s investment products.
- Transfers made online or by phone are processed within 24 hours.