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California State Retirement Plan

California State Retirement Plan

| February 10, 2021
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California State Retirement Plan


Did you know that California has a state-mandated retirement plan called CalSavers? It is a state-run Roth (after tax) IRA program for private sector workers that will automatically enroll employees at a 5% default contribution rate (employees can opt out). CalSavers is MANDATORY for employers who do not offer a retirement savings plan and who also have at least 5 California based employees. Failure by employers to register by the deadlines will result in penalties. Visit the following link for additional information: https://www.calsavers.com/

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through WCG Wealth Advisors, a registered investment advisor. WCG Wealth Advisors and The Wealth Consulting Group are separate entities from LPL Financial.


Tax services are not offered by WCG Wealth Advisors, The Wealth Consulting Group, LPL Financial or affiliated advisors. We suggest that you discuss your specific situation with a qualified tax advisor.

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