Calsavers
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About Calsavers
CalSavers is California's retirement savings program aimed at providing residents with an accessible way to save for their future. The program is designed to help individuals build a secure financial foundation for retirement.
Enroll in a retirement savings plan to secure your financial future.
What You Can Do
- Sign up for a retirement savings account
- Manage your savings online
- Access educational resources about retirement planning
Frequently Asked Questions
Who is eligible to participate in CalSavers?
Any California resident who is at least 18 years old and works for an employer that does not offer a retirement plan is eligible.
How do I enroll in CalSavers?
You can enroll online through the CalSavers website by providing your personal and employment information.
What are the contribution limits for CalSavers?
The contribution limits are based on IRS guidelines and can vary each year; you can find the latest information on the CalSavers website.
Is there a fee to participate in CalSavers?
There are no fees to enroll in CalSavers, but there may be investment fees associated with the funds you choose.
Can I withdraw my funds from CalSavers before retirement?
Yes, you can withdraw your contributions at any time, but there may be penalties for withdrawing earnings before retirement age.