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What is a supplemental retirement account?

April 26, 2017account retirement supplemental

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What is a supplemental retirement account?

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A supplemental retirement account is a pre-tax retirement savings plan. Money goes straight from your paycheck to an investment account, either administered by TIAA/CREF or Fidelity, thereby reducing your current income taxes. A supplemental retirement account allows you to save and invest money for your retirement, beyond what your basic HACC retirement plan will provide.