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

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | February 2, 2018

    Saving for retirement can be intimidating, but it doesn’t have to be. Head to AceYourRetirement.org this America Saves Week to start #AcingRetirement. #ASW18

Saver Stories View all »

Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

Read more...

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Starting and Continuing a Personal Finance Journey

Written by Sara Cooper | December 23, 2013

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving