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    Savers

    Minnesota Secure Choice Retirement Program Savers Overview

    Minnesota Secure Choice Retirement Program is a state-facilitated retirement program for private employers established by the legislature in 2023. It is a way for private employees who do not have access to employer-sponsored retirement plans to save for retirement.

    What is a Roth IRA

    A Roth IRA (Individual Retirement Account) may be a great way to save for retirement. The contributions to a Roth IRA are taxable, but the investment gains will grow tax free if you withdraw funds after age 59 ½ and you had the account for over five years. For example, if you contribute $10,000 over time and have investment gains of $5,000, you never pay taxes on the $5,000 investment gains if you meet the requirements above.

    Savers Frequently Asked Questions

    Questions include individual retirement account (IRA), withdrawal contributions made to the Program prior to retirement, etc.

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