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Planning

Planning


Now that you’re in the plan, make sure you’re taking full advantage of all it has to offer. Take a closer look at how you may develop a plan for your life in the future that works for your life right now. This section offers you the tools and information to help to plan ahead for a better retirement.
 

Presentations

  • Choosing Your Investments
    Start by determining your asset allocation mix. Learn how to evaluate investment characteristics and potential risk.
     
  • Balancing Needs: Today and Tomorrow
    Everybody faces the challenge of saving for retirement while dealing with current expenses. Get tips on how to set financial priorities and find money in your budget for savings.

  • Two for Tomorrow
    Learn how a small increase to your current contribution today can have a big impact on your account balance tomorrow. 
     
  • Achieve What’s Ahead
    Look ahead to your life in retirement, what do you see?  Learn how saving through your workplace retirement plan can help you achieve the life you see ahead.
     
  • The Roth Option
    What’s the difference between after-tax Roth and traditional pre-tax contributions to your retirement plan? Get help deciding whether to contribute to a traditional account, a Roth account, or both. 
  • Destination: A Retirement Full of Choices
    Do you have more than one retirement account? Learn about the benefits of consolidating your accounts and whether streamlining your savings efforts is the best route to retirement for you.

FAQs

 

 
How much should I save?
It depends on how much money you'd like to potentially have in retirement. Experts suggest you'll need 60% to 70% of your pre-retirement income in retirement. The Retirement Goal Planner calculator can help you to determine how much you want to contribute.

How much can I contribute to my account?
IRS Contribution Limits
401(k), 403(b), 457 (b)

  2011
Maximum Limit $16,500
Catch-up (Age 50+) $5,500*

*Additional catch-up provisions may apply to employer-sponsored 403(b) and 457(b) plans, based on your years of service.
What if I have an account with a previous employer?

You may be able to roll your accounts over. If you have an existing retirement plan account with a prior employer, pre-tax contributions under a traditional IRA or amounts under another eligible retirement plan, such as a 401(k), 403(b) or governmental 457(b) plan, you may be able to roll over those amounts into your new plan at the time of enrollment or anytime once you become eligible to receive a contribution under the plan. Your benefits manager can help determine whether you are eligible to make a rollover at this time.



How do I rollover an account?

Contact us. If you have retirement plan assets with a former employer, you can roll them into your account with The Hartford. Speak with your benefits manager or contact us to get a rollover form. Investors should consider the impact of transfer fees, the loss of vested benefits and/or the surrender charges that may be imposed by their current plan when funds are rolled over.



With a Rollover, what is 20% automatic federal income tax withholding?

It's a tax requirement if the check is payable to you. When you request a rollover, if you request a check payable to you rather than directly rolling over your money to another eligible retirement plan or traditional IRA, by law, 20% of your taxable distribution automatically will be withheld for income tax purposes.