Your Future Starts Now
What is a 401(k) Plan?
The AutoNation 401(k) Plan Comes Standard with
All the Options You Need Including:
- Tax savings either today or in retirement
- Company Match
- Your choice of investments, including easy to use Target Date funds
- Ability to change your contribution rate at any time
- 24/7 account access
- Online or professional advice
- Professional advice
Make a Down Payment on Your Future and Enroll Today!
Here are 3 reasons why:
REASON 1: YOUR FUTURE IS IN YOUR HANDS
For the average worker, Social Security may provide up to 40% of your retirement needs. Savings in the AutoNation 401(k) Plan can help be a big step toward building savings for the future.
REASON 2: GIVE YOURSELF A TAX BREAK
Pre-tax savings – contributions to the Plan are made before taxes are calculated which means you pay less taxes today.
Roth after-tax savings – contributions are taxed today, but distributions in retirement are tax free and so are the earnings.2
Company Match – AutoNation contributes $0.50 for every $1 you contribute up to 4% (5% starting 1/1/2023)
The sooner you start, the more powerful your savings engine.
Your contributions and earnings can grow tax-deferred and earnings are reinvested in your account. $100 saved each month over 40 years could grow to almost $200,000.3
1 – Professional advice provided for additional fees.
2 – For Roth after-tax contributions and earnings to be eligible for tax-free withdrawals, your initial Roth deposit must have been in your account for at least five years and you must be at least age 59½ (or in the event of your disability or your death).
3 – This amount is based on saving $100 a month, with a 6% rate of return compounded monthly. This example is for illustrative purposes only and is not intended to be investment advice or a prediction of future results.
4 – Subject to IRS restrictions.