Q. HOW SHOULD I PLAN FOR
RETIREMENT?......
and other questions and
answers about investing 
Your pension plan was not designed to provide your retirement income. That's why investing in your deffered compensation program is an important step toward achieving financial independence at retirement.
What is a deferred compensation program?
It is a supplemental retirement benefit program regulated by Section 457 of the Internal Revenue Code  and is available to Ohio public employees.
Two programs are available:
THE OHIO PUBLIC EMPLOYEES DEFERRED COMPENSATION PROGRAM and THE COUNTY COMMISSIONERS ASSOCIATION OF OHIO PROGRAM-CCAO (The later mentioned program is available only if your county is enrolled. You may want to check with your county commissioners or auditor's office)

What are the benefits of such program?

  • Its is payroll deductible
  • You pay no current state & federal taxes on the amounts you contribute or the earnings as your account grows.
  • You can choose from a variety of investment options.
When should I start investing in a defferred compensation program?
There are two important factors that may help your retirement account grow - time and compounding.

EXAMPLE.
Investor #1 starting investing at age 30. Invested $2,000 per year for 10 years: $198,422 at age 65.

Investor #2 started investing at age 40. Invested $2,000 per year for 10 years: $146,212 at age 65.

How can I receive additional information about these programs?
Go to the Ohio Public Employees Deferred Compensation Program at their website or contact CCAO @ 1-800-423-3699