It’s America Saves Week, an opportunity to examine our current savings goals and plan confidently for the future. Our partners at Fidelity have created a robust calendar of info mails and free workshops on a wide range of topics, from managing finances to college planning strategies and learning to invest with confidence. Attend one or sign up for several—but register early as space is limited. Register here: NetBenefits.Fidelity.com/livewebmeetings.
Retiring within the next five years? Visit TIAA’s Preparing for Retirement page to get a Retirement Profile and explore the best strategy to managing finances in your retirement. Also from TIAA, you’ll receive daily e-reminders about webinars, calculators, and quizzes to boost your financial IQ.
Find inspiration in the following infographics that illustrate how even small steps make a big difference when it comes to retirement. Can you save 1% more? What happens when you “just keep saving?”
GW Match – Don’t Miss Your (Matching) Piece of the Pie!
The George Washington University 401(a) Retirement Plan for Faculty and Staff governs the university base and matching contributions. Benefit-eligible employees are eligible for the university base and matching contributions upon completing two years of service at GW*. Once you are eligible to participate in this Plan, GW will contribute 4% of your eligible annual compensation automatically.
If you participate in the GW 403(b) Plan, GW will also contribute an amount equal to 150% of the first 4% of your eligible compensation that you contribute to the 403(b) Plan. The maximum match is 6% of your eligible.
*The two years of service required for participation in the 401(a) Plan may be satisfied in whole or in part by service at another college or university. One year of creditable service is a 12-consecutive month period during which you were credited with at least 1,000 hours of service. Credit will be granted for full years of service only. The years of service do not have to be consecutive; credit will be given for applicable service that occurred at any time in your employment history with a qualifying education institution. Complete the 401(a) Prior Employment Verification form (PDF) to submit your prior service for review.
