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Investing for Major Retirement Goals

The first step in investing is defining your dreams for the future. Once long term, short term, and intermediate goals have been set you can then decide how much money you’ll need to accumulate, and which investments can best help you meet your goals. Though it’s never too late to start working toward your goals early decisions can have enormous consequences later. Some points to keep in mind as you plan for retirement and investing strategy:

  1. Plan for a long life
  2. Think about how much time you have until retirement and invest accordingly
  3. Consider how inflation will affect your retirement savings

Work with a financial advisor to ensure your savings can achieve your goals.

Check out this article from CAPTRUST to learn more about how to set goals and invest to reach the financial needs to fit your retirement dreams.

Five Must-Have Financial Goals

Thinking about your financial goals for the near future, it’s easy to start daydreaming about the wonderful things you hope to acquire—a well-deserved pay raise or maybe that long-awaited home renovation. But what about financial peace of mind? While hopes and dreams vary from person to person, there are five big financial goals anyone seeking financial well-being should include on their list:

  1. Max out your 403(b)
  2. Build an emergency fund
  3. Get your financial affairs in order
  4. Give yourself a debt deadline
  5. Create a budget (and stick to it)

Remember, a properly set goal is halfway reached. Simply setting these five money goals is enough to start you well on your way toward financial well-being.

Click here to read the full article. Find other valuable TIAA tools and resources to help you pursue your retirement savings goals by visiting TIAA.org/unc.

Three Keys to your Retirement Income Plan

We all know that there is no one-size-fits-all retirement. The good news is that whatever your situation, you can help improve your retirement readiness (and potentially your retirement lifestyle) by learning about 3 essential building blocks for retirement income plans.

  1. Use guaranteed income to help pay for your essential expenses
  2. Seek growth potential to meet your long-term needs
  3. Be flexible and refine your income plan over time

Everyone’s situation is unique, so there’s no one income strategy that will work for all investors. Work with a financial advisor to ensure you have the best income strategy and that your investment plan is on track.

Click here to read the full article. Find other valuable Fidelity information, tools, and resources to help you pursue your retirement savings goals by visiting UNC System Fidelity Investments website.  

Engagement Corner

TIAA: Help boost your financial know-how with TIAA’s live webinars. There is something for everyone including TIAA participants and guests with a variety of personal finance topics—Paying Yourself: Income Options in Retirement (10/13), Financial Housekeeping For Now and Later (11/10), The Power of Savings (12/09), and more. Register here: www.tiaa.org/webinars. 

Fidelity: Fidelity will be hosting live web workshops during the quarter to help participants with preparing for future financial needs. Fidelity will cover topics such as Make the Most of Your Retirement Savings (11/16) as well as Learn the Basics of When and How to Claim Social Security (12/16).

CAPTRUST: Attend CAPTRUST’s financial webinar, Managing Credit and Fraud Prevention (11/17), to help identify ways to get information about your credit and discuss steps that will help avoid fraud and identity theft.

 

TIAA Fourth Quarter 2021 webinars
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Fidelity Fourth Quarter 2021 webinars
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CAPTRUST Fourth Quarter 2021 webinars
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