Your tax-deferred savings can multiply with the power of compound interest.
Experts recommend contributing at least 10% of your current income to your future retirement. Check to see how much you are contributing. Look at your statement or log into your 457 account by creating a username and password.
This illustration is a hypothetical compounding example that assumes biweekly salary deferrals (for 30 years) at a 6% annual effective rate of return. It illustrates the principle of time and compounding. This chart is for illustrative purposes only and is not intended to represent the performance of any specific investment. Actual returns will vary and principal value will fluctuate. Taxes are due when money is withdrawn.