Page 22 - PriMed 2022 Benefits Guide

Save for Retirement Like A Pro
 Start saving as soon as possible to grow your retirement account.
 Begin with small contributions, if necessary, and increase contributions over time.
 Make setting aside money for retirement a habit.
 Understand investment returns may fluctuate.
 Let it sit. Avoid penalties by leaving funds in your 401(k) until retirement.
 If you change jobs, you can roll over your retirement account.

ScholarShare 529

The Section 529 plan through TIAA Tuition Financing Inc. provides a tax-advantaged way for you to save for
college. You contribute to an account on an after-tax basis and use the money to pay for qualified expenses
(e.g., tuition, books, room, and board) for you or a child.
Your earnings in the account will be free from any federal (and, in most cases, state) income taxes. For more
information, log on to: http://www.ScholarShare529.com.

Pacific Credit Union

Pacific Service Credit Union cost-free financial services are available to all PriMed employees. As a not-for-
profit organization, Pacific Credit Union provides an alternative to big banks. Service and convenience are their
top priorities. In most cases, they pay higher yields on savings, charge lower rates for loans and charge fewer
and lower fees. Free checking is also available - no monthly service fee, no minimum balance and no
limitations on account access! Pacific Credit Union has 5,000 shared branch locations and 30,000 free ATMs.
You can access Pacific Service Credit Union via their mobile app or online at http://www.pacificservice.org.

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