Page 13 - HRD Connect 2024 Q1

HRD Connect | Retirement 101: When Can I Retire?

BUILDING WEALTH: DEFERRED COMPENSATION BENEFITS

In addition to CalPERS pension benefits, the County provides a voluntary deferred compensation
plan to help you build wealth and achieve your retirement goals. Here's what you need to know:

Voluntary Savings:

Take advantage of the tax savings and potential investment growth that come with contributing to
your deferred compensation account.

Contributions can be made on a pre-tax or post-tax basis up to:

If you are under age 50 - $23,000 per year.

If you are age 50 or over - $30,500 per year.

Enroll today at mcdc457.com

Diversify Your Investments:

Log in at mcdc457.com and explore the investment options available within the deferred
compensation plan to create a well-balanced and diversified portfolio.

Consider seeking advice from financial professionals to align your investments with your long-
term goals. Contact Nationwide Retirement Solutions Center at 888-401-5272 to request an
appointment with a Personal Retirement Counselor at no cost.

Register for the Nationwide Webinar series or watch their on-demand educational videos.

PLANNING FOR THE FUTURE

Retirement planning is a journey that requires careful consideration and proactive steps. It is not a
one-size-fits-all endeavor. It's about tailoring your strategy to meet your unique needs and
aspirations. The County of Monterey is committed to supporting you on this journey.