Setting up a low cost retirement or college savings plan

The meeting is open to the public. The cost, which includes refreshments, is $20 for SHRM members and $30 for non-members.

Reserve your seat by calling Polly DLG Masga at 237-5122 or e-mail [email protected]

This meeting will be an invaluable opportunity for employers and employees to learn cost effective ways to start or modify a retirement plan or setup a college savings plan.

Clark and Taimanglo will cover important topics such as: 

1)    What is a 401K retirement plan?

2)    Cost an issue?  How an employer can make a 401K plan work in an economic slowdown

3)    Business is good?  How to shelter up to $49,000 in taxable income for yourself

4)    Already have a 401K plan?  How to check if its performing and make changes for better growth

5)    Why a Roth 401K is the way to go in the CNMI

6)    Individual IRA options if your employer doesn’t offer a retirement plan

7)    Effective college savings plan options

8)    Benefits of the 457 and new Roth 457 plans for CNMI government employees in the Defined Contribution plan

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