Orange Life News
Good news for Financial Engines
Professional Management members!
Now, a lower program fee
Learn more about Financial Engines and the fee reduction at
livetheorangelife.com > Financial Wellness > Save > Financial Engines.
Effective Jan. 1, 2014, the annual fee for most balances has been reduced to 0.55% from 0.60%.
W-2 wage and tax statements
for 2013 are available online
Your 2013 W-2s are available now to view and print
through Employee Self Service (ESS). That’s the fastest
way to access your W-2s.
Still receiving paper copies? To make your election
to receive your W-2 online and not receive a hard
copy, please visit myApron > myTHDHR > Employee
Self Service (ESS) > View W-2 Statements and
select I elect to view/print my W-2 electronically.
Note: W-2 wage and tax statements for 2013 will be available
at work locations beginning Jan. 17 or 24, depending on pay cycle.
Hard copy W-2s will be mailed directly to non-store associates,
former associates and associates on leave of absence by Jan. 31.
Make tax time easier with a discount
on tax preparation
Leave the tax forms to the experts – and pay less. As a
Home Depot associate, you’ll receive discounts, including:
H&R Block offers:
• $15 discount on tax preparation
• Free Second Look ® review
Visit www.hrblock.com/Partner/homedepot to download
and print the coupon, or call 1-800-786-3429.
Note: The “P” in “Partner” must be capitalized in the URL.
Jackson Hewitt offers:
• $30 off tax preparation, or
•$
50 less than you paid someone else to do your taxes last
year for new customers. Tax preparation fees paid last year
must be at least $150; proof is required.
To print coupons, visit www.JacksonHewitt.com/homedepot
or call 1-800-234-1040.
Discounts on online and software tax products also are
available. Note that these offers expire on April 15, 2014.
Visit livetheorangelife.com for full details.
¿No hablas
o lees inglés?
Por favor llame al Benefits Choice Center (Centro de Opción
de Beneficios) al 1-800-555-4954 y diga “Estados Unidos”
para hablar con un representante en español.
Money as You Grow: Part two
Last quarter we introduced you to Money as You Grow (moneyasyougrow.org), an initiative from the Advisory
Council on Financial Capability. Did you have a conversation with a young person about it? Whether it’s your
child, grandchild or just an important child in your life, you can use Money as You Grow information to start a
dialogue about money and teach kids about saving, making choices and avoiding debt. The program offers
essential, age-appropriate financial lessons – with corresponding activities – that kids need to know as they grow.
Here are a few insights for older kids:
For ages 14–18, you should focus on the future:
•W
hen comparing colleges, be sure to consider how much
each school would cost you.
•C
ash is king. You should avoid using credit cards for certain
purchases. If you can’t afford it now with cash, you can’t
afford it.
•Y
our first paycheck is exciting, but it’s also a lesson. It may
seem smaller than you expected since money is taken out
for taxes. Learn what taxes you pay and what those taxes
pay for.
•N
ow is the time to start saving for the future. A great place
to save and invest money you earn is in a Roth Individual
Retirement Account (IRA).
For ages 18 and older, you’re talking to adults. Treat them
that way:
•B
uild your credit carefully. Use a credit card only if you can
pay off the money owed in full each month.
• You are not invincible. You need health insurance.
•Y
ou need a savings cushion. Save up at least three months’
worth of living expenses in case of an emergency.
•Y
ou can be an investor now. When investing, understand
the risks and expenses.
These are just a few of the tips available. Visit
moneyasyougrow.org for more information. As you teach
others, you might just remind yourself of a few things!
Coming soon: Two new tools to
manage your income in retirement
Getting close to retirement? Congratulations! Now it’s time to think
about how you will manage your income. Even if you’re not close
to retirement, it’s not too early to learn. The FutureBuilder 401(k)
Plan is designed for saving money, but the true goal is to enable
you to withdraw money in retirement. That’s why it’s called a
retirement plan. The Home Depot provides numerous tools to help
you save and invest. But did you know we will soon offer two new
tools to help you manage your income in retirement as well?
• Financial Engines® Professional Management with Income+*
You save in the
FutureBuilder 401(k)
while Financial Engines
manages your account.
You retire!
• Hueler Income Solutions ®
Whether you want a flexible – but managed – income stream or
a set, guaranteed income stream for life, one or a combination
of these might be the solution for you.
Check out the diagrams on the right to
see an overview of how these tools work.
Your FutureBuilder 401(k) balance is
managed by Financial Engines and paid out
to you in regular amounts. Those amounts
could still be impacted by investment returns.
When you die, any remaining money goes
to your beneficiaries.
Introducing Hueler
Income Solutions
Watch for more information this spring!
You can learn more now by visiting
livetheorangelife.com/retirementincome.
*Financial Engines® Income+ is a feature of Professional Management
intended to provide income payouts from a 401(k). The Income+ feature is
protected by U.S. Patent No. 8,521,633. Availability subject to deployment
schedule and provider commitments. Financial Engines does not guarantee
payout amounts or payouts for life.
INCOME SOLUTIONS ® is a registered trademark of Hueler Investment Services, Inc.
You save in the
FutureBuilder 401(k).
You retire!
Your FutureBuilder 401(k) balance is
converted to a monthly annuity – it’s
like getting a paycheck for life. You can
choose to cover a survivor if you die, but
your annuity amount will be lower.