The second week of April marks America Saves Week, a week of opportunity to focus on your savings strategies. University of Illinois System approved 403(b) retirement plan investment companies, TIAA and Fidelity Investments, offer these tips and resources to help you help you build a strong financial future:
- Set goals you can reach. Start small, and keep goals realistic.
- Utilize automatic deposits (payroll deduction) – set it and forget it.
- Increase your savings by 1% each year. Small increases add up over time.
- Take advantage of catch-up contributions starting the year you turn 50.
- Stay committed to saving. Continued contributions and market growth over time will help you build your investments.
Visit TIAA to learn more about the University of Illinois Supplemental 403(b) Retirement Plan, request an appointment with an advisor, and get insights on saving and investing. For America Saves Week, TIAA recommends readers to review the following content:
Visit Fidelity Investments for information on the University of Illinois Supplemental 403(b) Retirement Plan, access to savings planning tools and resources, and to request an appointment with an advisor.
- Live webinars will be available with Fidelity every day during America Saves Week. View the event schedule here and follow the instructions at the bottom of the page to register for your preferred sessions.
Questions?
For questions about the University of Illinois Supplemental 403(b) Retirement Plan, contact University Payroll & Benefits: UPB Service Portal.
The University of Illinois System cannot provide financial or tax advice to employees. You should consult with a legal, financial, or tax professional for assistance with your individual circumstances.
