WHEN IT COMES TO YOUR FUTURE, START NOW.MICHAEL RICHARD

Start Today and Retire Tomorrow (START)

Current Problems

Current problems with US savings?Saving too little overallSaving too little for retirement, if at allToo many confusing savings programs such

as: 401(k), IRA, SIMPLE IRA, UTTMA, 403(b)We need a unified solution for every age and

situation

START now!

Start Today and Retire TomorrowA 401(k)-style program that is independent of

an employer and ageMinors can be signed up by their parents at

any age or automatically by 18.Deposits can be made by direct deposit by

employers or by check/cashEncourages children to save early

START now!

Modeled after the Federal Government’s Thrift savings plan

Deposits would be tax deferred until retirement

Potential for government match along with an employer match replacing 401(k) match

Portability, flexibility and simplicity are key concepts with START

Some details of START

Access to same low-cost investments that Federal Employees have

Allows investment from non-employer sources (i.e. tax refunds, gifts)

Access to 401(k)-style program for everyoneTax savings and incentives through federal

matchingChanges the culture of retirement savings

Investment options through START

Several low-cost investment options are currently offered through the federal Thrift Savings Plan

Government Securities FundFixed Income Index FundCommon Stock Index FundSmall Cap Stock Index FundInternational Stock Index FundA series of Lifecycle fundsThese few, low-cost choices fit in well with

START’s philosophy of simplicity and flexibility

Advantages of START

Gifts of savings bonds could instead be deposited directly to the account of the minor

Compounding will ease future savings needsSimplifies the retirement investing processUncomplicated for the non-investorDoesn’t replace Social Security, but

supplements and supercharges it.Encourages saving even among minors

Summary

401(k)-style plan modeled after the US Government’s Thrift Savings Plan

Open to any age and any employment statusCan be funded from any sourceEncourages tax deferred saving even at a

young ageAttempts to change the culture of savingPortability, flexibility and simplicity are the

defining concepts of START