The YMCA Retirement Fund’s 403(b) Savings Plan is an easy and accessible way for YMCA employees — like you! — to start saving for retirement. Beginning in 2024, you will have the option to save in a new Roth Account within the Savings Plan, in addition to the existing Tax-Deferred Account (formerly called the Smart Account). Adding the Roth Account option gives you the flexibility to save in a way that works best for your unique retirement goals.
*Must satisfy 5-calendar-year requirement and either be disabled or age 59½ or older.
*Year 1 is the tax year when the first contribution is made, even if in December
You can choose to save in either or both, and choosing which option can depend on several factors. One of the biggest differences between the Tax-Deferred Account and the Roth Account is when your contributions and earnings from interest credited to your Accounts will be taxed by the Federal Government, if at all.
Click here to learn more in this helpful document.
Click on the links below to download helpful documents about the Roth Account. More resources and information about the Roth Account will be posted throughout the year as we get closer to the January 1, 2024 availability.