Savings Decisions PRE-TAX 401(k):  Contributions made before taxes (tax-deferred)  Grows tax-deferred  Distributions taxed as ordinary income in retirement How much should you save? 1. Start with a Budget . 2. Before saving aggressively in the 401(k) plan, make sure you have an emergency fund saved up to cover at least 3‐6 months of expenses. 3. Recommendation: Build up to saving 10 %‐ 15%+ of your income. 4. Best practices include increasing your contributions 1% each year and increasing contributions after receiving a pay increase. ROTH 401(k):  Contributions made after taxes  Grows tax-deferred  Distributions including growth are tax free in retirement Investment Decisions TFO Wealth Partners custom managed portfolios Model portfolios are pre-selected asset allocation strategies offered through your plan, and are designed to meet specific investment objectives. The asset allocation, and changes to the model portfolios, are determined by TFO Wealth Partners, your plan's investment manager. The value of your investments will fluctuate over time, and you may gain or lose money. 1 Target date asset allocation funds Over time, Target Date Funds automatically invest more conservatively as you approach your retirement date and beyond. Keep in mind, the value of your investment will fluctuate over time, and you may gain or lose money. 2 Do it yourself Take control of your portfolio and choose your investments from a list of available funds. These investments will fluctuate over time and you may gain or lose money. 3