H.R. Seminars:
A Crash Course in Retirement Planning

Human Resources invites members of the Penn community to further their education and attend as many as of the following seminars as they want. All sessions are held at the Faculty Club.

October 29 Vanguard/Calvert: The Choice Is Yours;

especially for new faculty & staff and those considering the Tax-Deferred Annuity Plan; 12-1:15 p.m. and 1:30-2:30 p.m.; Club Room.

If you attend only one seminar this fall, make it this one. The Choice is Yours focuses on topics of interest to individuals considering whether or not to participate in the Plan or whether to transfer or diversify their new or existing Plan assets to Vanguard/Calvert.

Highlights: The benefits of plan participation; the basics of mutual funds; t he advantages of investing with The Vanguard/Calvert Group.

October 30 Vanguard: The Triumph Of Indexing;

especially for new faculty & staff currently in the plan; 12-1:15 p.m.; Club Room.

Indexing is a widely used investment strategy at the heart of many successful stock portfolios. By closely reproducing the investment mix of a specific market index, like the Dow Jones Industrial Average or Standard & Poor's 500, an "index fund" is designed to parallel the index's performance.

Highlights: This seminar reveals how to employ indexing as a strategy for investing. Learn how indexing differs from traditional investing. The advantages and disadvantages of indexing. How to pick an index fund.

October 30 Vanguard: International Investing Strategies; Understanding Investments & Diversification;

especially for early- to mid-career faculty & staff; 1:30-2:30 p.m.; Club Room.

Highlights: Explores the risks and potential rewards of investing in overseas markets. Discover the kinds of options that are available to investors who seek to capitalize on the growth of emerging markets outside the U.S. Illustrates the added volatility associated with international stock markets. Explains topics such as currency risk & political risk. Learn how to select an international stock fund.

October 31 TIAA-CREF: Just Starting Out: Primer for the Newer Participant;

especially for new faculty and staff currently in the plan; 12-1:15 p.m.; Room 1 & 2.

This seminar is continuing education for the participant and is designed especially for the faculty and staff members who entered into the plan within the past year and those participants who have not reviewed their options since entering the plan.

Highlights: Review of the contribution concept, and the advantages of tax deferral. How to maximize participation in the plan. Emphasis on saving additional amounts for retirement and using compounding interest to meet retirement goals. What to consider when investing, determining personal attitudes towards risk, and suggested portfolios.

How to do transfers and allocation changes through the Automated Telephone Service. TIAA-CREF's available services for ongoing participant questions: The Telephone Counseling Center and the TIAA-CREF on campus individual counseling which is available once a month. Brief summary of distribution options.

October 31 TIAA-CREF: Understanding Investments and Diversification;

especially for early- to mid-career faculty and staff;

1:30-2:30 p.m.; Rooms 1 & 2. Repeated November 1, 1:30-2:30 p.m.; Club Room.

Discussion of investor fundamental begins with a description of net worth and cash flow analysis and how to establish savings goals with disposable income. These concepts are applied in a discussion of investment strategies for particular savings, goals, including retirement.

Highlights: Descriptions of the three basic type of investments--stocks, bonds, and money market instruments--as well as types of risks and the relationship between risk and reward. In-depth description of the TIAA-CREF accounts and their portfolio make-up. Impact of the other source of retirement income (Social Security, spouse's retirement plan, and savings) on TIAA-CREF asset allocation. A take-home workbook for participant's use in developing their own portfolios TIAA-CREF's available services for ongoing participant questions.

November 1 TIAA-CREF; Looking Ahead to Retirement: Customizing Retirement Income;

especially for faculty and staff age 50 or over and considering retirement;

12-1:15 p.m.; Club Room.

Presentation is directed toward participants who are approaching retirement or who are about to retire. The workshop addresses topics to assists in planning for retirement.

Highlights: Sources of retirement income, replacement ratio, and the effect of early and late retirement. Emphasis on TIAA-CREF's flexibility, which enables customization of retirement benefits. In depth description of distribution options-including cash withdrawals, annuities and more. Impact of inflation on retirement income and how to combat it Minimum distribution and death benefits. Discussion of taxes applicable to retirement benefits and high-accumulator issues.

-- Hilary Lopez, Human Resources


Volume 43 Number 9
October 22, 1996

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