Collin County Community College District (Collin College)

Did you know that an eligible Collin College employee can contribute as little as $25 a month to a 403(b) Tax Sheltered Annuity/Investment, and/or to a 457 Deferred Compensation Plan, to save for retirement on a tax-deferred basis?  All full-time employees are eligible to participate in either or both plans.  

What are you waiting for?  Get enrolled and stay invested to save for your future!

Voluntary Tax-Deferred Savings Option 1: Tax Sheltered Annuities/Investments
403(b) Supplemental Retirement Savings Accounts

TSA Program Eligibility and Enrollment Process TSA Program Summary, Annual Maximums, and Helpful Hints List of Authorized Companies for TSA Salary Reduction Agreement (Enrollment form that must accompany a copy of the TSA company's application form) MCC (Maximum Contributions Calculation) (Required if contributing the annual maximum catch-up amount for participants with 15 years of service)

Voluntary Tax-Deferred Savings Option 2: Deferred Compensation Plan
457 Plan aka "Texa$aver" through CitiStreet
 

See http://www.ers.state.tx.us/texasaver/default.aspx

• Enroll directly with CitiStreet via phone or online through the above link

"Financial Education 101"

Get educated about saving for your future and how important it is to do so now!

• Basic Investment Education

Easy to understand information is available at the click of your mouse from the U.S. Securities and Exchange Commission at: http://www.sec.gov/investor/pubs/begininvest.htm

Know about two powerful concepts that work on your side:

• The Power of Compound Interest

See what the Department of Labor has to say about this concept and other saving and investing need-to-knows at: http://www.dol.gov/ebsa/PDF/SavingsFitness.pdf

• Dollar-Cost Averaging

For guidance on this subject and other related topics, see Investment Company Institute's website at: http://www.ici.org/home/bro_understanding_mfs.html#TopOfPage,

Establishing an Investment Plan,

Dollar-Cost Averaging