Contributions
Your payroll deductions are calculated based on your gross income. In other words, the amount you make before taxes and other deductions are taken out of yo...
Tue, 28 Dec, 2021 at 1:08 PM
No. Payroll deductions are set as a percentage of your paycheck to prevent your deduction from taking too much of your paycheck when you paycheck is low due...
Tue, 28 Dec, 2021 at 1:09 PM
Yes. Xiggit uses automatic escalation to automatically increase an employee's contribution amount each year until 10% of your income is going to retire...
Tue, 28 Dec, 2021 at 9:27 PM
The automatic increase is on the anniversary of your enrollment into Xiggit.
Tue, 28 Dec, 2021 at 9:32 PM
At this time all contributions are post-tax.
Tue, 28 Dec, 2021 at 9:34 PM
Xiggit keeps track of your annual IRA contributions and automatically switches your contributions to savings when you have met the annual limit for the IRA.
Tue, 28 Dec, 2021 at 10:00 PM
While we set the default for the IRA at 5% you can come into the app and change the percentage as low as 1% and as high as needed to save regularly each pay...
Tue, 28 Dec, 2021 at 9:55 PM
There are no income limits to participate in the Xiggit program. However, there are income limits for contributing to an IRA (including the Xiggit IRA). For...
Tue, 28 Dec, 2021 at 11:17 AM
No. You can contribute up to 100% of your paycheck to your IRA but the maximum annual contribution is that can be contributed is $6,000 or if you are over 5...
Tue, 28 Dec, 2021 at 9:45 PM