Pre tax benefits & deductions

Making the most of retirement opportunities in the workplace is one of the best methods for ensuring that you set aside enough to fund a comfortable retirement.

These plans allow savers to automate savings through direct deposit, gradually increase contributions over time, and rebalance investments to account for risk tolerance. In many instances, employers provide a percentage match as incentive to contribute as much as possible to one’s retirement future.

If you’ve followed America Saves’ discussion about retirement savings, these topics aren’t altogether new. But what happens to your paycheck when you’ve put your retirement plan in action? What are the perks of pre tax benefits, specifically? Sometimes these benefits can be tough to understand, but with a little extra clarity, you can make the most of your benefits and save money.

Check out the video below from BetterMoneyHabits.com and get the know-how you need to make the most of your pre-tax deductions.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | December 14, 2013

    Set a goal, make a plan, #save automatically - pledge to #save today! http://ow.ly/ksLWb

Saver Tips and Stories View all »

Saving With My Boys

Written by | September 2, 2019

When Kelly was a kid, she loved the picture book A Chair for My Mother by Vera B. Williams. In the story, a little girl lives in an apartment with her mother and grandmother. The little girl’s mother is a waitress and sole provider for their family. Together the family saves money by putting their change in a giant jar every day. They are saving for a big cushy chair for the little girl’s hard-working mother. Together with patience and diligence, they buy the mother a very comfy chair.

Read more...

Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

Read more...

Story of an Urban Professional

Written by Lindsay Ferguson | June 26, 2019

Elaine was inspired to create a new savings goal and plan with the America Saves Pledge after reading the “The Color of Money” column in The Washington Post by Michelle Singletary.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up