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Show SPRINGVILLE HERALD Thursday, February 28, 2008 Auto enrollment steers more people into 401(k)s mm. 10 Jason Alderman If you've procrastinated about signing up for your company's 401(k) retirement retire-ment savings plan, you're not alone: About one-third one-third of eligible employees employ-ees haven't enrolled, even when their employer offers matching contributions and Special Offer: November 1, 2001 " January 31 2008 EARN DOUBLE POINTS ' With Your Family First VISA Extra Awards Card 1. Double points on all purchases in November & December 2. Double points on all balance transfers in January On8portwto1caihbaAor(eto ffWMaflaflwrir tomrfyfritaicomj tar mora rformttoa We fwt tm dMmra mm chk8 card opto to you ths Quae Cart. Extra W J tarMtCaraMPtt ijik'-V Fretyfiritccas,tri) a j ifl (801) 225-6080 farrrfrfinrtcuxom " ft- " . Haw..' irJ B B r 'Price plus tax, license, and fees. All rebates to it 41 1 in ti L mm mmmsmm::mmmmmi : . v. ,:f f t ,: ' , , When BJ Leiderman, composer of theme music for NPR's Morning Edition and Marketplace, posted a video ad, he had no idea it would be seen by a creative director in London. But that's what happened. And now he's writing music for Coca-Cola UK. Who knows where your video ad might take you? powered a variety of investment options. op-tions. Given the importance of personal savings to retirement retire-ment income, this can be a costly mistake. Minus a rich uncle's fortune, the only way most Americans Ameri-cans can ensure a secure retirement is by saving moj. Available S stk N80270 TH8 AU The car 3 dealer. loiil Ic Sell .your services. Sell yourself by: www.heraldextra.com aggressively. That's why Congress passed the Pension Pen-sion Protection Act (PPA), which, among other reforms, re-forms, made it easier for employers to automatically enroll employees in their 401(k) plans. Previously, you had to actively opt-in to participate in your company's com-pany's 401(k). More companies will likely like-ly begin offering automatic 401(k) enrollment thanks to newly finalized PPA regulations: regu-lations: Employers who follow fol-low strict guidelines about funds where they should direct employee default, contributions will be protected pro-tected from legal liability should market fluctuations : impact account values. . If your employer adopts automatic enrollment, you'll be given ample advance notice no-tice before being signed up. You can always opt put, increase in-crease your contribution or change how your funds are invested - it's your money. But the hope is human nature na-ture will kick- in (see "procrastination" "pro-crastination" above) and you'll embrace the wisdom NLW 2Q03 MALISU! you can't ignore!!! Available .com Ik Congratulations to the Springville 8th Grade Basketball Team! This team placed second in the Utah County AAU Bantam Basketball Tournament The league included top eighth grade basketball teams from most of the high schools in the Utah County area. Congratulations to all of these boys and coaches for their hard work and success. Members of the team are, back, left to right: Head Coach Daryl Sisk, Jake Smith, Mckay Murphy, Sean Gordon, Deyin Barker, Jace Edmunds and Assistant Coach Sharm Smith. Front Bradley Kitchen, Murphy Nadauld, Spencer Frixione, Alex Sisk and Steven Bate. Not pictured: Assistant Coach Pablo Frixione. ,. - of setting aside money for retirement in these tax-advantaged plans. A few other considerations consider-ations to make the most of your401(k): Matching contributions. Many employers match a portion of your savings. You're passing up free money if you don't participate, partici-pate, so always contribute at least enough to get the full match. Say your employer em-ployer matches 50 percent of the first 6 percent of pay you save: If your salary is $40,000 and you contribute 6 percent ($2,400), you'd receive another $1,200 in matching contributions. Where else could you find a 50 percent investment return? re-turn? mm f'i mm mum mmm $2U4J27 VOX $ "'lf W ft Full Stucco Project Addmc 2000 East 1J30 Sotrtk, Spmlth Fork. UT ?.f I if xr -v A w Investment options. Starting contributions is only the first step: You also need to manage how your account is invested. When faced with numerous or confusing investment op-' tions, many people opt for money market or cash funds, which, although less risky, are also less likely than stock or bond funds to outperform inflation over time. That may be a good strategy strat-egy if you're close to retirement, retire-ment, but younger workers work-ers often have decades to weather stock market ups and downs. . One increasingly common com-mon option is the lifecy-cle lifecy-cle (or target-date) fund, whose investment mixture varies based on your age and expected retirement date, becoming more conservative con-servative over time. Some employers also offer asset as-set allocation or managed funds, where a mixture of investments is designed based on your individual needs. As always, consult a financial professional for questions about your par s Sixth grade students at Westside Elementary learned about the reproductive rate of bacteria. Students represented this with beansbeads and then had to graph the rate of growth. After only four hours, the graph showed a drastic increase in the number of bacterial cells because each one doubles after only 20 minutes. moos iviirtnvnrpni INLLlDtU ; , - 25MSQFT.HOME N, J PER MONTH Standard Features Include: X Exterior, Rock or Brick Acctnts, Air Conditioning, mm ram umascaping. Fun easement Tne Garage Door Door Opener A Much More Lot Marketed by: Landmark Real Estate ticular situatioa : Fees. Another important consideration when choosing choos-ing investment funds is the plan administrator's various fees and expenses. Fees are usually expressed as a percentage of your plan assets and are typically typical-ly deducted directly from your investment returns. It may take a little digging to uncover these fees, but it's worth the effort: A 1 percent per-cent difference in fees - say 1.5 percent vs. 0.5 percent - could .decrease your account ac-count balance by thousands of dollars by retirement. Ask your benefits department depart-ment where you can find the plans' fees, and to learn more about 40 l(k) fees, visit www.dol.gov and enter "A Look at 401(k) Plan fees." Another good resource on 401(k) plans is Visa's free personal financial management manage-ment site, Practical Money Skills for Life (www.prac-ticalmoneyskills.comben-ef its). Get involved in actively managing your retirement savings - it's your future and your responsibility. -- : ., - . i f it ( ? Preferred lender. First Source Funding gf S01.3S1.SSM " rw i.ni...n -"Tf ' It )ti j , p -mm. I 1 U-J I |