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If I don’t have earned income, can I still join OregonSaves?

No. To qualify for any IRA under IRS regulations, you need earned income.

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Saver

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Eligibility

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1-844-661-1256

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Oregon Retirement Savings Board

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OregonSaves is overseen by the Oregon Retirement Savings Board. Vestwell State Savings, LLC, dba Sumday Administration (“Sumday”), is the program administrator. Sumday and its affiliates are responsible for day-to-day program operations. Participants saving through OregonSaves beneficially own and have control over their Roth IRAs, as provided in the program offering set out at www.oregonsaves.com/savers.

OregonSaves’ Portfolios offer investment options selected by the Oregon Retirement Savings Board. For more information on OregonSaves’ Portfolios go to www.oregonsaves.com/savers. Account balances in OregonSaves will vary with market conditions and are not guaranteed or insured by the Oregon Retirement Savings Board, the State of Oregon, the Federal Deposit Insurance Corporation ("FDIC") or any other organization.

OregonSaves is a completely voluntary retirement program. Saving through a Roth IRA will not be appropriate for all individuals. Employer facilitation of OregonSaves should not be considered an endorsement or recommendation by your employer of OregonSaves, Roth IRAs, or these investments. Roth IRAs are not exclusive to OregonSaves and can be obtained outside of the program and contributed to outside of payroll deduction. Contributing to an OregonSaves Roth IRA through payroll deduction offers some tax benefits and consequences. You should consult your tax or financial advisor if you have questions related to taxes or investments.

By clicking on one of the social media icons, you are leaving the OregonSaves website, maintained by Sumday and are being redirected to a social media site solely maintained by the Oregon Retirement Savings Board (“Board”). Sumday, the program administrator for OregonSaves, does not monitor or endorse the Board's social media activities. All OregonSaves social media activities are the sole responsibility of the Board.

The OregonSaves mark and OregonSaves logo are registered trademarks of the Oregon Retirement Savings Board and may not be used without permission.

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