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Employment Retirement Plans

At First State Financial Management, we help individuals and organizations navigate the world of employment-based retirement plans. Whether you're an employee, educator, or public service professional, we offer guidance on the most common retirement plan options: 401(k), 403(b), and 457 plans.

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Employment Retirement Plans

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401(k) Plans

Designed for employees of private-sector companies, 401(k) plans offer: 

  • Tax-deferred contributions from your paycheck
  • Employer matching contributions (if offered)
  • Contribution limit of $23,500 in 2025
  • Catch-up contributions of $7,500 for those age 50 and older
  • Roth 401(k) option for after-tax contributions
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403(b) Plans

Available to employees of public schools, nonprofits, and certain religious organizations:

  • Similar tax advantages to 401(k) plans
  • Contribution limit of $23,500 in 2025
  • Catch-up contributions of $7,500 for those age 50 and older
  • Additional catch-up for employees with 15+ years of service
  • Roth 403(b) option available
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457 Plans

Designed for government employees and certain nonprofit workers:

  • Tax-deferred contributions with no early withdrawal penalty for separation from service
  • Contribution limit of $23,500 in 2025
  • Catch-up contributions of $7,500 for those age 50 and older
  • Special catch-up provision for those nearing retirement
  • Roth 457 option may be available

Benefits of Employment Retirement Plans:

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Tax-deferred growth on investments

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Potential employer contributions

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Flexible investment options

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Portability when changing jobs

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Roth options for tax-free withdrawals in retirement

Ready to Start Planning?

Contact First State Financial Management today to learn how employment retirement plans can benefit your business and employees.

 

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