To begin your enrollment online go to https://www.transamerica.com/portal/home or click on the link below. To access your account for the first time, make sure to hit the "Create an account" link in the top right corner next to the login button. Follow the prompts to enter in your information and create a username and password.
Once online to complete your enrollment you will
Set your contribution amount. This amount will be taken out of each paycheck and contributed to the account on your behalf. You can always change how much you are contributing to your account.
Pre-Tax Contributions will lower your taxable income for the year. When you withdraw your contributions, you will have to pay taxes on your contributions and their earnings.
Roth Contributions come out of your paycheck after you pay taxes. As long as it has been 5 years since your first Roth contribution and you take the money out after you turn 59.5, you will get to withdraw all your Roth contributions plus their earnings, tax-free.
Set your Investments. If you feel confident, you can pick and choose which funds you want to be invested in. Your plan also offers Target Date Funds, which will automatically invest in stocks and bonds for you, based on the year you are expecting to retire.
If you have any questions, or need help with the enrollment process, do not hesitate to contact your Wealthspire advisors!
