Plan for Retirement Now

If extra income should come your way –maybe some overtime pay, a tax refund, or an inheritance – you might consider contributing that to a retirement plan. With this valuable company benefit, Watco helps team members save money that will be needed when they retire.

All team members are eligible to contribute. You can sign up at any time; there’s no waiting for annual open enrollment in the fall. And it doesn’t matter if you’re new to Watco. New hires are eligible to sign up on Day 1 of employment.

Some financial advisors say that during retirement, people will need 60-80% of their work income to live comfortably. Workers can’t rely solely on Social Security. In fact, the SSA has reported that starting in 2034, unless Congress comes up with a funding solution, retirees will only receive 77% of their Social Security benefit.

Watco offers a retirement-income solution. Watco helps team members save by providing a 401(k) retirement plan, and the company even gives team members money on top of what team members put aside. The company matches 50 cents of every dollar contributed by team members, up to 10% of compensation. If you’re in a position to do so, take advantage of this company match.

When you sign up, you can choose the money markets and investment funds where you want dollars invested, or go with age-based default investment selections. You can contribute a percentage of income or a flat dollar amount per paycheck. You can change your contribution rate at any time, and you can even stop contributions and later restart them.

There are options for easily opening and managing a 401(k) account:

• Go to the Start Right website, startright.bokf.com. Or, use go.watco.com and in the HR and Benefits section, select the BOK Financial 401(k) icon. You can create your own personalized retirement plan on the website using the My RetireRight Planner.

• Get the StartRight RetireRight phone app on Apple’s App Store or Google Play.

• Call BOK Financial at (800) 876-9557.