Looking for a Win-Win? At WSU you have many ways to save for your future, and also be able to reduce your taxable income now. You also have an option to save retirement monies that will be tax-free in the future.
Take advantage of participating in one or both of the voluntary retirement plans WSU offers, in addition to the employer-matched retirement plans eligible employees are required to participate in. You can contribute as little as $15 a pay period to a voluntary plan, up to a potential of $23,000 a year for 2014. And, you could possibly tax-defer up to a maximum of $28,550 to $46,000 in 2014 if you were to participate in both of the voluntary plans!
As the calendar year begins coming to an end, you may wish to take advantage of these programs. All requests must be submitted no later than November 30th, to have them count in the 2014 tax year.
Visit HRS’s Voluntary Investment Plan webpage for more information. Questions can be directed to 509-335-4521 or hrs@wsu.edu.
