Retirement Planning Seminars, Fall, 1998

Twice a year our retirement plan vendors are on campus to discuss issues related to your retirement plans. TIAA-CREF and Vanguard will be here for the fall session on November 3, 4 and 5. Human Resources encourages faculty and staff to further their education by attending one or more of the seminars listed below. As space is limited, registration is required.

To register: Call 898-0954 or e-mail rhodaj@pobox.

Note: For sessions held at Hill House, you will need your PENNCard for entry.

TIAA-CREF "Just Starting Out", Primer for the Newer Participant (for new faculty and staff currently in the plan)

Tuesday, November 3, 9:30-11 a.m., Faculty Club, Club Room.

  • An overview of the primary retirement programs for faculty and staff.
  • Discover the importance of early participation, the power of compounding, and the tax advantages.
  • Discuss basic concepts for choosing your investments and the options available.

TIAA-CREF "Understanding Investments and Diversification" (for early to mid-career faculty and staff)

Tuesday, November 3, 2-3:30 p.m., Faculty Club, Club Room, and

Thursday, November 5, 2-3:30 p.m., The Gallery/Hill House, 3333 Walnut St.

  • Understanding the fundamentals of investing to help make the best investment decisions to effectively meet your financial goals.
  • Types of investments: stocks, bonds, and money market instruments,and the relationship between risk and reward.
  • Investments and strategies for making your savings work harder.
  • Preview of TIAA-CREF Software Allocation.

Vanguard, "The Choice is Yours"(for new faculty and staff, and those who are eligible but not participating in the Tax-Deferred Annuity Plan)

Wednesday, November 4, 9:30-11 a.m., The Gallery/Hill House

  • Focuses on topics of interest to individuals who are eligible but not enrolled in the Plan, or those who are considering transferring diversifying their new or existing Plan assets.
  • The benefits of plan participation.
  • The basics of mutual funds.

Vanguard, "Planning for Your Retirement" (for early to mid-career faculty and staff) Wednesday, November 4, 2-3:30 p.m.; The Gallery/Hill House, 3333 Walnut St.

  • Compared with other rich nations, the savings rate in the United States is alarmingly low. While experts recommend that you save approximately 10% of your gross income, the average American saves less than 5%.
  • Explore how you can use planning tools to determine how much to save to live comfortably in retirement.
  • Discuss effective long-term asset allocation strategies.

TIAA-CREF, "Looking Ahead to Retirement," Customizing Retirement Income (for faculty and staff age 50+ who are considering retirement)

Thursday, November 5, 9:30-11 a.m., The Gallery/Hill House, 3333 Walnut St.

  • Directed toward participants who are approaching retirement or who are about to retire.
  • Sources of retirement income, replacement ratio, and the effect of early and late retirement.
  • In depth description of distribution options including cash withdrawals, annuities and more.
  • Discussion of taxes applicable to retirement benefits and high-accumulator issues.
  • Is the Roth IRA an option for you?
  • Division of Human Resources

Almanac, Vol. 45, No. 9, October 27, 1998