ING Retirement

ING retirement plans may include a 401k. These types of investments are offered through many employers. The employee makes contributions to the 401K while they work. The money is taken out of their paycheck, pretax, in order to maximize their contributions to the ING retirement plans. The employer may match the contributions.

401K ING retirement plans include a maximum allowable limit for contributions. The employer may match that maximum contribution, or they may match a certain percentage. These contributions are then invested by ING and the money either grows or shrinks in value, depending on how the investments do.

In some cases, individuals that retire with an ING retirement plan may find that they have less money when they retire. In fact, some investments may be extremely high risk, while others are low risk. For that reason, individuals are often encouraged to participate in the selection of investment or types of investment. While high risk investments may have a higher return, there is also a greater chance of losing money.

ING retirement plans offer individuals a variety of options so that they maximize their income to save for retirement. While the investments are meant for retirement, individuals may switch jobs. In that case, they have to rollover their 401k to their new employer or handle it independently. ING can assist those individuals in keeping their plan up to date.

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