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Retirement Education SeriesSAVING FOR RETIREMENT WITH ONE EASY DECISIONSIMPLE AND EFFECTIVE: TARGETDATE FUNDS By deciding to plan and save for your retirement, you have made a decision you can always

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What is saving for retirement with?

Saving for retirement involves setting aside money for your post-employment years to financially support yourself when you are no longer working.

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Individuals who are contributing to retirement accounts, such as IRAs or 401(k) plans, are required to report their contributions on their tax returns.

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You can fill out the section for retirement savings on your tax return or seek assistance from a tax professional.

What is the purpose of saving for retirement with?

The purpose of saving for retirement is to build a financial cushion that will support you during your retirement years when you are no longer actively earning income.

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You must report the amount of contributions made to retirement accounts, the type of retirement account you have, and any withdrawals made during the tax year.

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