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An employer match can greatly help your retirement savings totals.
An employer-sponsored 401(k) retirement plan offers a wealth of benefits. First, most plans offer a variety of investment options. Second, all 401(k) contributions and earnings are tax-deferred. You pay taxes only when the money is withdrawn. Finally, many employers make matching contributions to your account. This calculator will help you figure out how much of your salary you might want to set aside, how fast that money is likely to grow at certain rates of return, and the benefits provided by employer contributions.
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If you're between the ages of 14 and 17, you and a parent/legal guardian can open your Student Rewards Checking by visiting your nearby TCU branch. Be sure you each bring two forms of valid ID. You can find a list of acceptable IDs here.
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