By deciding to plan and save for your retirement, you’ve made a decision you can feel good about. You've realized that a sound savings plan is key to helping you achieve a secure future. But before you do that, it is important to become educated on general financial, investment, and retirement information in order to make informed decisions.
Prince William County Schools 403(b) and 457(b) Retirement Plans
PWCS offers two voluntary supplemental retirement savings programs. To determine eligibility or learn about vesting schedule, maximum contributions, and more, view your plan highlights (PDF) or your plan's Summary Plan Description.
You can also choose to set aside additional money for retirement on an after-tax basis through a Roth 403(b) plan.
If you have questions, contact your Lincoln Financial retirement consultant. (PDF)
Be generous to yourself and your future
The sooner you start saving, the better. Once you decide to save for your retirement, the next step is to decide how much to save. Saving for retirement costs less than you may think. See how your retirement plan savings rate many impact your take-home pay by logging into your account at LincolnFinancial.com/Retirement. And, how easy it can be to fit retirement savings into your budget and how much more you can save over time by starting now.
Once you decide how much you can save, either a flat dollar amount or a percentage of your wages will be automatically invested in your account each pay period. But before you do that, access information and education on how to select your investments.
Make the most of pretax and Roth contributions
Will you benefit most from saving for retirement on a pretax basis, after-tax or both? Explore the differences between Roth and traditional contributions.
Note: Prior to January 1, 2003, PWCS had the Multi-Fund® Variable Annuity option for their 403(b) plan. This product is no longer available. To transfer assets to the Lincoln Alliance® Program, please contact your Lincoln representative.