EZ IRA For Small-Company Employees


Save for retirement at work with an EZ IRA.

An EZ IRA is a simple option for you to save at work toward your retirement goals. You have the flexibility to select a Traditional or Roth IRA — based on your eligibility and the contribution method you choose to best suit your objectives. You determine the amount to be deducted from your regular pay by simply completing a salary deferral agreement — and your company will deduct the amount and submit your contribution directly to your IRA account!

Already have an EZ IRA account? Visit aspireonline.com


Retirement savings. Why you need them.

It’s valuable to your quality of life to think about retirement and, most importantly, to think about the finances you’ll need once you leave full-time employment. Did you know you may need at least 80% of your pre-retirement income simply to maintain your lifestyle?

  • We are living longer, and you could be retired for 20 to 30 years.
  • Health care costs are rising.
  • Inflation reduces purchasing power.
  • Almost half of your retirement income may come from your savings.
 
Your Social Security won’t be enough.

Social Security benefits are intended to cover only a portion of your post-retirement income needs. Current statistics1 indicate that by age 62 — the earliest age an individual can begin receiving Social Security retirement benefits — only 30% of households are prepared for retirement.

 

Listed on The Sloan Center for Aging and Work, http://capricorn.bc.edu/agingandwork/database/browse/facts/fact_record/5637/all?keys=30%25. Munnell, A. H. (2012). National Retirement Risk Index: How much longer do we need to work? (Issue in Brief No. 12-12.) Chestnut Hill, MA: Center for Retirement Research, Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2012/06/IB_12-12-508.pdf.


Start saving now.

Small amounts add up.


The head start you gain by investing a small amount today can be equal to investing a more sizable amount years from now. Take a look:


The exponential power of annual compounding ($)

Source: Legg Mason. For illustrative purposes only. All rates are hypothetical. The graph above does not represent the performance of any specific investment.

The example above assumes no withdrawals and does not take into account any fees, expenses and tax consequences.

Dividends fluctuate, represent past performance, and there is no guarantee they will continue to be paid.

Principal value and investment returns will fluctuate, and investors’ shares, when redeemed, may be worth more or less than the original cost.

 

Start investing early and stay disciplined1

1 Source: Legg Mason, 2015.

The above information is for illustrative purposes only. All three investors contributed $5,500 annually to an IRA. This illustration assumes a hypothetical pre-tax return of 7%, compounded annually. This example does not take into account any taxes, fees and expenses. It also does not reflect the impact of taxes. Withdrawals from a tax-deferred account are taxable as ordinary income in the year made, and early withdrawals prior to age 59½ are generally subject to a 10% additional tax. Special rules apply to withdrawals from a Roth IRA.

Please note that iVEZT, Aspire, MG Trust Company, Legg Mason, and each of their respective affiliates and employees do not provide tax advice. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Diversification does not assure a profit or protect against market loss.

 

Save at work.

Because it works.


How does the EZ IRA help you save?


 


  • Convenient and easy to set up
  • Simple and flexible contributions
  • No income or age restrictions
  • Real-time access to online account information
  • No minimum on investments

  • Multiple investment options
  • Employee is IRA owner
  • Rollovers are accepted
  • Tax advantages — deductible IRA, Roth IRA and catch-up contributions (age 50 and over)
 
Everyone deserves to plan for retirement.

Remember, if you’re a small-company employee with no access to an employer-provided retirement plan, EZ IRA gives you the advantage of making regular automatically-deducted contributions toward a more comfortable retirement.

  • For more information, visit www.ezira.com.
  • Ask your employer if they offer an EZ IRA program.

Related Literature

Brochure

EZ IRA Brochure

Provides an overview of EZ IRA - a payroll deduction IRA program designed to offer a retirement savings plan for all Americans.

Worksheet

EZ-IRA Investment Profile Questionnaire

Questionnaire designed to help identify your approach to investing.


Investment choices? We offer many!

Our EZ IRA program offers a broad range of options* across a variety of asset classes and management styles.

 

*(I and R share classes available.)

Aspire Financial Services, LLC, and MG Trust Company are not affiliated with Legg Mason, Inc. An affiliate of Legg Mason, Inc. has a 30% ownership in iVEZT, LLC

IMPORTANT INFORMATION: All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.

Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.

FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call the Legg Mason Sales Desk 1-800-822-5544 or your Legg Mason Sales contact for more information.