Get the Full Financial Picture With the State of Illinois Deferred Compensation Plan’s Website
The State of Illinois Deferred Compensation Plan website at www.myillinoisdcplan.com is a great resource to help you track your progress toward the retirement you want. Visit the site to learn what your estimated monthly retirement income will be and use the slider bars to adjust your contributions, retirement age and investment style.
Add in outside sources of income to improve your projection and use the peer comparison tool to see how your savings stack up compared to others your age. You can also use the healthcare cost estimator to plan for healthcare costs in retirement. You can also translate your experience to Spanish in a single click.
Here’s how www.myillinoisdcplan.com helps you put together all the different pieces of your financial picture into a single whole:
- Link all your accounts – You can add other accounts — such as checking, savings, credit cards, mortgages, health savings accounts, 529 college savings and brokerage and stock accounts — to your profile for a complete, real-time overview of all your finances on one site with a single login.
- Track your net worth – The consolidated view of your finances can help you understand your net worth so you can clearly see what you own and what you owe.
- Monitor your budget and cash flow – Keep track of the income you earn each month and where you spend it. You’ll be able to track your spending by category and spot month-to-month patterns.
- Prepare for the future with retirement and savings planners – Get insights into your progress toward your retirement and savings goals and make a plan to help you reach them.
Other features include multifactor authentication, proactive security alerts, device fingerprinting and access controls help keep your account and information secure.
Not enrolled in the plan? Start saving for your future by visiting www.myillinoisdcplan.com and clicking on Register. The site will guide you through the enrollment process.
For more information on the Deferred Compensation website, access the full article here.
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