A recent survey by the Transamerica Center for Retirement Studies® indicates that women’s retirement confidence has been shaken more than men’s as a result of the current economic uncertainties and that women’s current attitudes, actions – and most importantly, inactions – put them at risk of achieving a financially secure retirement. Our own Pension Boards data indicates that compensation among women is significantly less than men, and furthermore, the average account balance for women in our Plan is less than half that of men.
These are startling findings. The good news is there is something that can be done about it. Save! The number one recommendation among financial advisors is to save for your own retirement.
Our Tax-Sheltered Annuity (TSA) offers an opportunity to save for a more secure retirement. The TSA is funded by personal contributions you make on a pre-tax basis, and an account can be opened for as little as $25 a month. If you are already contributing – congratulations! Consider increasing your contributions. One day you’ll look back and be glad you did.
Joining the TSA is easy. CLICK HERE to download an application or request to receive a copy by mail by calling a Member Services Representative toll-free at 1.800.642.6543, Option 6.
A financially secure retirement can be achieved with some planning – and the TSA can help get you there.