Saver's Roots Module
Preview Clip:
Plant your savings in different pots, like a 401(k) (get employed first!), a Traditional IRA, or a Roth IRA. From each pot, quirky helpers sprout: tax-shield hamsters and spider boosters that grow your cash over time.
Hamster Bean
Spider Booster
Saver's Root
"Each bean pod you grow is like adding to your retirement account. In the game, every contribution sprouts its own pod, and at tax season each one cracks open to release new hamsters. The more you contribute, the more pods you can harvest."
Note: All your contributions to a 401(k) or Traditional IRA combine into one annual tax deduction, up to a set limit. You can contribute multiple times, but the IRS just totals them together for that year’s return.
"The Spider Booster doesn’t spin webs, but rather it clings to its plant and drinks in your after-tax savings, swelling bigger each season. You can’t pluck it right away, but once it’s fully grown, you harvest the Spider Booster itself and it pours out every drop of cash it’s been holding, tax-free."
Note: This represents a Roth IRA. You contribute after-tax money (no deduction today), but your investments grow tax-free. Once you reach retirement age and the account is fully “grown,” your withdrawals come out completely free of federal income tax.
“Grow the Saver Root after planting some cash into the savings pots.”
Note: The Saver’s Credit rewards people for contributing to retirement accounts like 401(k)s or IRAs by reducing their taxes.