With the current market, you may be thinking more about managing your finances today and your retirement savings for the future. Whether you are 10 years or 10 months away from retirement, protecting your retirement savings and investments, having enough money to last a lifetime, and planning for your health care needs are important considerations in preparing for your retirement from the university.
Want some help? Read on for opportunities to learn about preparing for retirement, managing your 403(b) investments, and financial education and consultation provided by the Office of Benefits & Worklife.
Pre-Retirement Planning Program
Staff and bargaining unit members of all ages are invited to attend the complimentary Pre-Retirement Program in June. To provide flexibility and maximize attendance, this event will be held virtually.
- Let's Talk About Social Security and Medicare, Tuesday, June 3, at noon. Along with your retirement investment savings, Social Security benefits and the timing of your claims can significantly impact your retirement income forecast, so it's important to learn how to meet enrollment deadlines and maximize these benefits while preserving your savings. Join Marsh McLennan Agency, an independent investment adviser, to review essential terms and concepts and plan for a bright retirement. Register in advance here.
- JHU Benefits in Retirement, Wednesday, June 4, at noon. Join the Office of Benefits & Worklife to learn about benefits for university retirees, including medical and dental coverage, life insurance, tuition grants, pension and 403(b) plans, vacation and sick time, and more. A Q&A will follow the presentation. Register in advance here.
Whether you're midcareer or within a few years of retirement, the Pre-Retirement Program helps you prepare and plan for your post-work years. In addition to the live webinars, resources available to you include financial planning, lifelong learning, legal considerations, and more. Research shows that people who plan for this significant transition in life are more satisfied in retirement. More information can be found on the Retirement Planning webpage.
Financial well-being resources and consultation
Wondering if you're saving enough for retirement, need advice on current finances, or have questions about JHU's 403(b) plans? JHU partners with the Marsh McLennan Agency, an independent investment adviser, to offer employees a financial education portal, free retirement plan advice, and financial consultation.
- MMA Prosper Wise is a digital hub of financial planning resources to help you make decisions about your finances and retirement investments. Courses, tools, articles, start-here guides, webinars, and more are available to help you achieve your financial goals. Guides like this one can help you get started with planning for your retirement. Check out the schedule of webinars for financial education.
- Meet with a licensed MMA financial coach. You can schedule a consultation with a financial coach to discuss your 403(b) retirement plan, strategies for managing debt and budgeting, and related topics. The coaches are licensed professionals and MMA employees with areas of expertise in retirement plans, investing, and financial education. They are unbiased and do not sell products or receive commissions. Questions about financial coaching? Click here for FAQ.
JHU's 403(b) retirement plans allow you to make pre-tax contributions and help you build toward future financial security, and financial well-being resources are available. Visit the Retirement Plans Enrollment page for more information.
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