The Advantages of Tax-Deferred Savings
The two most important reasons to get involved with MetroMax are tax savings and tax-deferred growth. The amount you invest each month is actually “deferred compensation.” This means that you are telling Metro to place part of your income in an account you manage for use at retirement. The advantages to you are that the deferred portion is not taxed as income during the current year and your investments continue to grow tax-deferred while invested in the plan. Your deferred amounts, as well as the earnings on your investment, are taxed as the funds are withdrawn.