What are the benefits of investing in the Blue Line 457 Plan?
• You reduce your current income taxes while investing for retirement. • Your earnings accumulate tax-deferred. • You can dollar cost average through convenient payroll deductions.* • You may be allowed to make additional “catch-up” contributions if you are 50 (or older) or within three years of your normal retirement age and already contributing the maximum to your plan, • It’s portable. If you change jobs, you can consolidate your savings in another public sector employer’s 457 plan, a qualified 401 plan, a tax-sheltered 403(b) annuity plan, or a Traditional IRA. • If you retire or leave service early, there is no penalty for withdrawals. • Supplemental investments are helpful in states and communities where no contribution is made to Social Security. *Dollar cost averaging does not assure profit or protect against loss in a declining market. Since dollar cost averaging involves continuous investing, regardless of fluctuating prices, investors must consider financial ability to conti
