Product Description

Step Up Your Retirement Savings!
No matter how near or far you are from retirement, learning how to manage debt, save smartly, leverage your 401k, and invest wisely can take you a long way toward financial security later in life.

Take your first step
Taking that first step to enroll is important for a number of reasons. The earlier you start saving, the more time your money has to grow. That’s called compounding, and it can really help you reach your retirement savings goals. See the illustration on the right.
No matter where you are in life, know that you can take steps toward retirement confidently with the knowledge and tools you’ll find from Fidelity.

Turn your savings into income
You’ve spent years saving. Come retirement, it’s finally time to put that money to good use. To do so wisely, you’ll want to tackle two critical tasks: turning your savings into a reliable stream of income and developing a plan to help make your money last.

401(k) Plan
The investment options among different 401(k) plans can vary tremendously, depending on the plan provider. But no matter which the fund (or funds) the employee chooses for his money, any investment gains realized within the plan are not taxed by the IRS. Taxation only occurs after the employee has reached retirement age and begins to make withdrawals from the plan.