Retirement Plans for School Employees | RBFCU - Credit Union

Retirement Plans for School Employees | RBFCU - Credit Union
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Helping school employees plan for the future with confidence
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Retirement Plans for School Employees
As a school employee, you realize the importance of investing in the future and enriching lives through education and planning. You’ve dedicated your entire career to building the future for others. Now it’s time to build yours.
The RBFCU Retirement Program is available to employees in school districts and certain tax-exempt organizations within the state of Texas. With our financial advisors,
you can create a plan you’ll feel confident about.
Know your choices when planning your retirement
403(b)
• Tax-Sheltered Plan
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn
Roth 403(b)
• Tax-Sheltered Plan
• After-tax contributions
• Does not reduce taxable income
• Allows earnings to grow tax-free
457(b)
• Deferred Compensation Plan (DCP)
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn
Roth 457(b)
• Deferred Compensation Plan (DCP)
• After-tax contributions
• Does not reduce taxable income
• Allows earnings to grow tax-free
Plan Your Future With More Confidence
Investing wisely in your retirement plan starts with useful information. Take advantage of the insights, guidance and educational resources available to you. With a little help from a financial advisor, you can make the right choices to meet your financial goals.
Request a complimentary initial consultation
To learn more about the RBFCU Retirement Program and benefits of enrolling, contact us at:
Want to Enroll Online?
We know your time is valuable, so we’ve made it easy for you to self-enroll in the
RBFCU Freedom Retirement Plan
.
Visit
nationwide.com/RBFCU
Start your 403(b)/457(b) account by clicking “Enroll now”
Contact your school district’s Third Party Administrator to begin a payroll deduction
Already have an RBFCU Freedom Retirement Plan account?
Log in to Nationwide’s website
to manage your RBFCU Freedom Retirement Plan account. Once you log in, you can:
Update your personal profile and preferences
View your balance and transaction history
Access beneficiary information, statements and tax documents
Use educational tools and calculators
Research funds and investment options
Read newsletters about the market, investing and how to better position yourself to help meet your financial goals
View presentations that can help you make informed decisions about investing and retirement planning
Retirement Calculators
What will my income be after I retire?
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What will my expenses be after I retire?
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Retirement FAQs
What is the difference between a 457(b) plan and a 403(b) plan?
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Both types of plans are tax deferred, but the 457(b) lets you start withdrawing money from your account as soon as you stop working for the sponsoring employer, no matter your age or in the case of death, disability or unforeseen emergency, regardless of your age if certain requirements are met. Meanwhile, 403(b) plans allow standard, penalty-free withdrawals at age 59½, as well as limited early withdrawal exceptions.
Can I transfer my 403(b) plan at any time?
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Yes. If you are still employed, you may transfer your 403(b) between eligible 403(b) providers. If you are no longer employed or otherwise meet a qualifying event, you become eligible to roll funds over to an IRA or other eligible retirement plan.
Financial Resources
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All products and services under the RBFCU Freedom Retirement Plan™ are offered through Nationwide, which is not affiliated with Ameriprise Financial Services, LLC.
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Ameriprise Financial Services has a partnership with this financial institution to provide financial planning services and solutions to clients. The financial institution is not an investment client of Ameriprise but has a revenue sharing relationship
with us that creates a conflict of interest. Details on how we work together can be found on
ameriprise.com/sec-disclosure
.
Ameriprise Financial Services partners with financial institutions to provide investment advisory, brokerage and insurance services to their clients. This is a contractual relationship, which earns the financial institution compensation from Ameriprise
for successful referrals. In most cases, the financial institution also receives a majority of the commissions and fees generated by Ameriprise financial advisors for the services noted above. This applies as long as the referred client maintains
a relationship with Ameriprise. Non-licensed employees of the financial institutions may receive incentives from their employer for referring clients to Ameriprise. These incentives create a conflict of interest.
Ameriprise Financial is not affiliated with the financial institution.
RBFCU Retirement Program, a financial advisory practice of Ameriprise Financial Services, LLC, is a division of RBFCU Investments Group LLC.
The selection, monitoring, and replacement of investment options for the Nationwide Freedom Retirement Plan are made by Leafhouse Financial which is not affiliated with Ameriprise Financial Services, LLC.
The initial consultation provides an overview of financial planning concepts. You will not receive written analysis and/or recommendations.
A Roth IRA is tax free as long as investors leave the money in the account for at least 5 years and are 59½ or older when they take distributions or meet another qualifying event, such as death, or disability.
Be sure you understand the potential benefits and risks of an IRA rollover or transfer before implementing. As with any decision that has tax implications, you should consult with your tax adviser prior to implementing an IRA rollover or transfer.
Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member
FINRA
and
SIPC
.