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The MO Deferred Comp plan is a valuable retirement savings benefit available to State team members. It gives you the opportunity to invest a portion of your paycheck—either before taxes (traditional) or after taxes (Roth) —to help you build your savings and prepare financially for life after work. Contributions are flexible, so you can start small and increase them over time as your budget allows. Thanks to compounding interest and long-term investing, even modest contributions can grow into a meaningful retirement savings balance over time.
In addition to saving, the plan also offers a variety of resources to support your financial journey, including educational tools, retirement calculators, one-on-one meetings with experts, and live seminars and webinars that cover everything from budgeting to investment basics to retirement readiness. Whether you’re just getting started or fine-tuning your strategy, the plan has something to help you succeed at every stage of your investing and savings journey. Click here to learn more, explore your options, or register for a webinar.
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Did you know the State of Missouri is currently matching qualified contributions to the MO Deferred Comp Plan? *If you contribute at least $25 a month to your MO Deferred Comp account, the State of Missouri will match your contributions dollar for dollar up to a maximum of $75 each month. Those additional dollars saved can make a significant impact on your future retirement income. Click here for more information!
*The match is available to part-time and full-time active state agency employees who meet the match contribution criteria. College and university employees are not eligible to receive the match.
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Automate one small step toward your future: |
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Set up an automatic transfer, even if it’s just $10 a paycheck, into a savings account. Making it automatic helps you stay consistent and turns saving into a habit, not a chore. Small steps now can lead to big security later! |
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Build a Budget, Build Your Future
A secure future starts with a strong foundation—and that means knowing where your money is going. Creating a simple budget can help you take control of your finances and reduce stress. Try the steps below to get started:
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Click the image above to enlarge and save. |
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Challenge: This month, create a simple budget using the steps above. Need a worksheet to help? Click here! |
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