Helping You
Save for Retirement

Illinois Secure Choice was Built For You

It’s never too early or too late to start saving for retirement, and Illinois Secure Choice can help you get started. Illinois Secure Choice provides a simple way to automatically save a part of each paycheck in your own Roth Individual Retirement Account (IRA). The account stays with you if you change jobs, and allows for customizable savings rate and investment elections to fit your savings needs.

Why should I save?

For most workers in Illinois, Social Security payments1 alone won’t be enough to live on in retirement. Many of us don't realize how much we will really need to cover life expenses in retirement. Experts suggest that you need 70-80% of your monthly pre-retirement income for each month in retirement.2 Saving now can make all the difference down the road for those who aim for a secure retirement

When should I start?

If your employer facilitates the program and you meet the eligibility requirements, you can start saving for your retirement with Illinois Secure Choice. Remember, the decisions you make today about saving for retirement can shape your financial future.

What can I do with my account?

Once your account is set up, you’ll be able to select your investment options, change contribution amounts, add beneficiaries, and make withdrawals.

Manage my account

Getting Started

Once you receive notification from Illinois Secure Choice, you have three options:

Register

If you choose to participate in Illinois Secure Choice, you’ll need your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), Illinois Secure access code from your notification, date of birth, and zip code.

After you’ve set up your account, you have the ability to customize your savings and investment elections, add beneficiaries, make a withdrawal, or manage your personal information at any time.

Do nothing

If no action is taken, you will be automatically enrolled with the default savings and investment elections after 30 days.

Opt Out

If you do not want to participate in the program, you can opt out at any time online, by filling out the Opt Out form, or calling the Client Service Team.

Calculate Your Possible Savings

Do you want to know the impact Secure Choice could have on your retirement? Use our simple retirement calculator to see how different savings options could impact your future.

You’ve exceeded an IRS Limit
  • If you file your taxes as single, the IRS modified adjusted gross income limit to be eligible for a Roth IRA is $135,000
  • If you file your taxes as married/joint, the IRS modified adjusted gross income limit to be eligible for a Roth IRA is $199,000
  • If you're under 50 years old, the maximum amount you can save for year {{date| date:'yyyy'}} is {{maxAmountContribution | currency}}
  • If you're 50 or older, the maximum amount you can save for year {{date| date:'yyyy'}} is {{maxAmountContribution + 1000 | currency}}.
  • Please enter value smaller than 500,000.
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Retirement Outlook

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The results displayed are hypothetical. Please see the "How this works" section on our calculator page to learn more. For a more detailed view of these results please visit the full calculator page.

1Social Security Administration, Fast Facts & Figures about Social Security, 2015.

2David Blanchett, Estimating the True Cost of Retirement, June 30, 2015.