An extra 1% today could result in a more comfortable retirement tomorrow.
Give your future self a financial boost.
Retirement accounts offer many ways to save money and invest for the future.
| Traditional 401(k) | Roth 401(k) | |
| Source of Funds | Your elected contribution is deducted from your paycheck before taxes. | Your elected contribution is deducted from your paycheck after taxes. |
| Company-Paid Match | Yes Salaried Employee Match: 50% of the first 6% you contribute. Hourly Employee Match: Lennox will match part of your eligible pay each pay period once you start contributing.* | |
How much should you be saving?
Each person’s financial journey is different. The key is to find a balance that works for you – whether that means putting away an extra $10 or $100 every month.
Keep these factors in mind as you budget your per paycheck 401(k) contribution…
- Your target retirement age,
- Your current financial situation, and
- Your career and lifestyle changes.
Use Fidelity’s Power of Small Amounts Tool to maximize your money match.
You don’t have to plan for retirement alone.
A targeted 401(k) investment strategy will help you grow your nest egg, give you tax breaks, and increase your earnings. You can simplify financial planning with the help of a licensed Fidelity adviser.
All Lennox employees are eligible to schedule FREE confidential 1-on-1 consultations year-round.
- Call Fidelity directly at (877) 902-0007,
- Visit a local Fidelity Investor Center, or
- Attend a Fidelity-hosted onsite workshop at Lennox.
