Learn more about Krapf's 401(k)!

You get tax breaks. Money you set aside from your paycheck to invest in your 401(k) can be pre-tax money. That means it’s taken out of your paycheck before your income taxes are calculated. So, your contributions lower the amount of income you are taxed on. Also, as long as your money stays in your 401(k) you won’t pay a penny in tax on your investment returns. All the money you invest compounds year after year without any tax bill from Uncle Sam. When you are ready to retire you’ll have to pay regular income taxes on the money you withdraw, but until then, enjoy the tax break!

Consider matching contributions. Krapf offers an incentive for you to contribute to your 401(k) by also contributing to your retirement plan when you do. The contribution match offered by Krapf is 100% of the first 4% of compensation you defer. The matching contributions increase your income without increasing your tax bill, since you don’t pay taxes on your 401(k) plan until you withdraw from it in retirement, if you contribute pre-tax. In addition, these match dollars will be 100% vested [meaning all yours] as soon as they are deposited to your account! It doesn’t get any easier, or better, to save for your future.

If you are already participating in Krapf’s 401(k) Plan, mark your calendars to meet with Krapf’s dedicated Investment Advisor the week of September 9th to discuss your current investments or any other financial planning questions you may have. Communications from Krapf forthcoming!

If you are not yet enrolled in the Krapf 401(k) Plan, you can sign up today at https://link.edgepilot.com/s/611daa45/-crekosah0e66q1PTPsB6Q?u=http://www.transamerica.com/portal or by calling Transamerica at 800-755-5801.

To learn more about your 401(k), click here.