Get answers to frequently asked questions.

There is no minimum retirement age associated with the program. There is a federal tax penalty for withdrawing any investment earnings from a Roth IRA before age 59½, unless it’s for a qualifying reason. For a Traditional IRA, there is a required minimum withdrawal when you reach age 72. Please consult with a tax expert or financial advisor.

You can take your money out of your Roth IRA at any time.

Please allow up to 3-5 business days. Generally, distributions will be processed within 3 business days of your request. During periods of market volatility and at year-end, distribution requests may take up to 5 business days. For security purposes, there will be a hold of 15 calendar days when there is a change to your address and a hold of 15 calendar days following a change to your banking information. Contributions made by check or ACH will not be available for withdrawal for 5 business days.

If you die and have no named beneficiaries, the account will be payable to your estate under the terms of the IRA. Accounts that become unclaimed property will be subject to applicable law.

If you haven’t received your automatic notification and enrollment, you should ask your employer or call 1-844-661-6777.

Yes, unless your employer already offers a qualified, employer-sponsored retirement plan to employees in Oregon.

If your employer is required to facilitate OregonSaves, they will register with the program and automatically enroll you. You will then receive an invitation from OregonSaves.

You will be automatically enrolled in OregonSaves unless you choose to opt out, and you will have 30 days to decide after your employer adds you to the program. Once you are enrolled, you can choose to do nothing or customize your savings options. Deductions will start as soon as your next paycheck. If you choose to opt out, you will be automatically removed from the program and can always rejoin at a later time.

OregonSaves accounts are designed to be portable and stay with you throughout your career. When your new employer adds you to their OregonSaves portal, they will simply need to provide some basic information about you, and OregonSaves will direct new payroll contributions to your existing account.

If you choose to participate, set up your account here and follow the on-screen instructions. If you need help, just give us a call at 1-844-661-6777.