America Saves Week – AECOM Benefits

Saving money for the future is a good idea, but making a plan to save — and sticking to it — can be daunting while balancing work-life demands. In recognition of America Saves Week, February 27 – March 3, we are highlighting tips and resources that can make it easier.

Saving for Retirement

The earlier you begin, the less money it will take. The AECOM Retirement & Savings Plan (RSP) makes it easy. Try to contribute at least 6% of your pay, so you can get the full company matching contribution. (The 2023 IRS annual limits are $22,500 for employee contributions and $7,500 for catch-up contributions for employees age 50 and older.)

Saving for Future Health Care Expenses

With a Health Savings Account (HSA), you can set aside money for your health care expenses and save on taxes, too. Once your balance reaches $1,000, you can invest your HSA money and let it grow over time — like a 401(k) plan but for your health care expenses. You may be eligible to elect HSA contributions only when you enroll in a high-deductible health plan. (The 2023 IRS annual limits are $3,850 employee/$7,750 family and $1,000 for catch-up contributions for employees age 55 and older.)

Saving for Emergencies

Having an emergency fund can help you get by if something unexpected happens.

Saving for a Home

Saving money to buy a home takes planning.

Saving for College

Saving for college can seem daunting, but there are lots of resources to help you.

Helping Your Children Save

It’s never too early to teach children the value of saving money.

Saving Tips and Tricks

Here are some more tips and tricks to help make saving easier.