![]() Long term care costs can be expensive and generally are not covered by the Federal Employees Health Benefits Program, TRICARE, or disability income insurance. ![]() ![]() Long term care is personal care and other related services provided on an extended basis to people who need help with specific everyday activities or who need supervision due to a severe cognitive impairment, such as Alzheimer’s disease. There are articles and tools within your Principal Account Dashboard to help you create a plan and take steps toward abetter retirement. Taking control of your financial health is an important factor in saving for retirement. In addition to the tax benefit your Air Force Employer will match you contribution percentage up to 3% (See table below). Second, your earnings on your investment grows tax deferred. The money you contribute does not count toward your gross income for that tax year, which reduces or lowered your taxable income. First, your contribution are tax deductible. By participating in the plan you receive two tax breaks. You can make a pretax contribution of up to 92% of your compensation, subject to annual IRS limits. Dollar payroll is eligible to participate in the Air Force NAF 401(k) Savings Plan after you have met the eligibility waiting period of 30 days of Air Force NAF regular service. National or permanent resident alien of the U.S. All regular Air Force NAF employee who is a U.S.
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