Four women standing together in farm work clothes smiling at the camera and holding a box of vegetables they harvested from the greenhouse where they work.

Savers

Minnesota Secure Choice wants to support your journey to retirement. Get started today

Minnesota Secure Choice Retirement Program Savers Overview

Minnesota Secure Choice Retirement Program is a state-facilitated retirement program for private employers established by the state 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 5 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.