Office of Human Resources highlights TIAA-CREF retirement tools, tips

October 20, 2014

UNIVERSITY PARK, Pa. -- With Oct. 19 to 25 being National Save for Retirement Week, the Penn State Office of Human Resources encourages employees to take steps toward a secure retirement.

“Getting an early start on retirement savings, an awareness of your rate of contribution and proper asset allocation will have a tremendous impact on the size of your nest egg,” said Gary D. Scheidecker, Penn State’s assistant manager on retirement benefits. “Saving for retirement is critical, and National Save for Retirement Week is the perfect time to take a look at your financial picture, ensure you’re invested appropriately, review your financial goals, and see if you’re on track to meet them.”

The Office of Human Resources has partnered with the University’s retirement plan provider, TIAA-CREF, to provide online tips and tools, such as:

-- Retirement Advisor, a four-step tool to answer if you are on track to meet your retirement goals, how much you should be saving now and if your money is invested appropriately. 

-- Retirement Goal Evaluator, a calculator designed to help you determine the amount of your salary you can replace in retirement, based on your current situation. 

-- Advice and Guidance, tips to help you make saving for retirement a year-round priority. 

Created through a Senate resolution passed in September, National Save for Retirement Week is meant to raise public awareness about the importance of adequate retirement savings.

TIAA-CREF maintains an office at 328 Innovation Blvd., Suite 301, with financial consultants who can provide personalized counseling sessions and workshops at various locations to all employees at no cost. These services are available to all Penn State employees, regardless of retirement plan. For more information, call 814-278-5000.

For more information on Penn State retirement plan options, visit the Office of Human Resources website or call 814-865-1473.

 

Last Updated October 20, 2014