The San Diego California Deferred Compensation Investment Account Plan is a retirement savings program offered to eligible employees of the city of San Diego, California. This plan allows city employees to set aside a portion of their pre-tax income to invest for their retirement. The San Diego California Deferred Compensation Investment Account Plan offers employees a variety of investment options to choose from. Participants can allocate their contributions among mutual funds, fixed income investments, and stable value funds. This allows them to create a diversified investment portfolio that aligns with their individual risk tolerance and long-term financial goals. One type of San Diego California Deferred Compensation Investment Account Plan is the Traditional Deferred Compensation Plan. This plan allows employees to contribute a portion of their salary on a pre-tax basis, reducing their taxable income and potentially lowering their current taxes. The contributions and any earnings on these funds are not taxed until they are withdrawn in retirement. Another type of San Diego California Deferred Compensation Investment Account Plan is the Roth Deferred Compensation Plan. With this plan, employees can contribute a portion of their salary on an after-tax basis, meaning that the contributions are made with money that has already been taxed. However, the earnings and qualified withdrawals from this account are tax-free in retirement, providing potential tax advantages. The San Diego California Deferred Compensation Investment Account Plan also offers a wide range of educational resources and tools to help participants make informed investment decisions. Participants can access online tools, attend educational seminars, and consult with financial advisors to better understand their investment options and develop a retirement strategy that suits their needs. In conclusion, the San Diego California Deferred Compensation Investment Account Plan is a retirement savings program available to eligible city employees. It offers a variety of investment options, including traditional and Roth plans, to help employees save and invest for their retirement. Through this plan, employees have the opportunity to build a secure financial future and achieve their retirement goals.