How Do I Change My Savings Rate?

Electing and Changing Savings Rate Tutorial

To change your savings rate:

  1. Navigate to the home page of your saver portal.
  2. Under "Savings Rates," select Change Savings.
  3. Modify your savings amount, then click Save Amounts.
  4. A pop-up screen will show you your savings before and after the changes. Select Apply Changes to complete.


Note: Although changes to your savings rate can be made on your Vestwell saver portal, changes to your tax withholdings need to be made in your plan's payroll system. 

Not Sure How Much You Want to Save?

Consider your savings goals and time until you retire. Make sure you are saving enough; if your employer offers a match, contribute at least enough to take full advantage of that amount and increase your contribution a little each year. Of course, you can change your contribution often so that you are not stuck if your budget suddenly becomes too tight. You can choose a percentage or dollar amount of pre-tax and/or Roth (post-tax) dollars to contribute from your paycheck per pay period.

Note: These features may vary based on your company's retirement plan.