Take Action Now:
- Determine your time horizon
- Identify your retirement needs and goals
- Understand retirement plan options
Resources for You:
- Introduction to Investing: A resource from the SEC that provides introductory information about investing for yourself and your children.
- Employer-Sponsored Plans Explained: A resource from the SEC to help you better understand different employer-sponsored retirement plans.
- PA Tax Treatment of Retirement Income: In Pennsylvania, most retirement payments (like 401(k) withdrawals and pensions) are exempt from state and local income tax for residents.
- Social Security Administration (SSA) - Pennsylvania: This website provides regional-specific information regarding Social Security, including events in the area as well as local office locations.
- Social Security Retirement Benefit: Visit this resource to learn about how and when to apply for your Social Security payments.
- SSA Benefit Calculators: Utilize these tools to review your possible benefits based on different criteria such as earnings or age at retirement.
- The Beginner's Guide to 401(k)s: FINRA provides a variety of federal resources to help you better understand plan fees, investment choices and the rules for rolling over a 401(k) when you retire.
- Types of Retirement Plans: The IRS provides this glossary contains useful definitions of common retirement terms including traditional IRAs, Roth IRAs, SIMPLE 401(k) plans, 403(b) plans, payroll deduction IRAs, 457 plans and others.
Programs and Resources to Power Your Financial Future:
- PA 529: Pennsylvania’s 529 College and Career Savings Program give families a simple, flexible, and tax‑advantaged way to save for the rising costs of higher education, trade schools, apprenticeships, credential programs and K‑12 learning—helping them plan for whatever educational path their children or grandchildren choose. Up to $35,000 saved in a PA 529 account and not used for education can be rolled over tax-free into a Roth IRA.
- PA ABLE: PA ABLE Saving Program accounts provide Pennsylvanians with disabilities and their families the opportunity to save money tax-free without losing access to important benefits.
- Banking & Securities: The Department of Banking and Securities Consumer Outreach help consumers make informed financial decisions.
- PSERS: For over 100 years, the Public School Employees’ Retirement System (PSERS) has provided secure retirement benefits for millions of Pennsylvania public school employees.
- SERS: The Pennsylvania State Employees' Retirement System (SERS) is one of the nation's oldest and largest statewide retirement plans for public employees.
- PMRS: The Pennsylvania Municipal Retirement System (PMRS) helps local governments across the Commonwealth secure the retirement futures of their workers.
