Effective October 1, 2014, several changes, including fund allocations and expense ratios, will impact the core plan options and Target Retirement Date Portfolios in both the Delphi Salaried Retirement Savings Plan (SRSP) and Personal Savings Plan (PSP).
Additionally, effective January 1, 2015, based on recent legislation and IRS guidelines, Delphi is expanding the Roth conversion feature in the SRSP and PSP to incorporate all vested assets, including both pre-tax and after-tax monies. This feature can allow for more flexibility in managing one’s tax strategy up to and throughout retirement.
To discuss these recent changes, how they may impact your investment allocation, or if the Roth conversion might be right for your personal situation, do not hesitate to contact Mainstay Capital Management toll-free at 1-866-444-6246.