As we approach the end of the year, it’s good time to review your accounts and determine if you have met your retirement goals for the year and review if your account is diversified. In TIAA’s article below, TIAA reviews what a well diversified account includes....
Retirement News
Be Alert!
As a state employee, our university email addresses are public information. Please be aware of emails from financial advisors who allude that they work with the University plans. The University partners with TIAA and CAPTRUST to provide advisory services for the UNC...
Mid-year check-up: how to invest as you near retirement
We are halfway through 2024 and it’s a great time to take a step back and review your retirement plans. Watching the markets on a daily basis is not helpful and can be stressful but remember that it is the long-term trends of the markets that matter. For all savers,...
Is your retirement plan tax-smart?
Many individuals have worked for years to control their budget in order to save and create a solid financial plan for the future. As we think about our savings and planning for retirement, amid the visions of leisurely days and a free schedule, many underestimate the...
How long will you live in retirement?
Longevity literacy is a key factor in figuring out how much you can spend in retirement. Most people don't realize how far out their retirement strategy should last. A common worry among U.S workers is running out of money in retirement. As TIAA mentioned in their...
As Your Paycheck gets a raise, don’t forget your retirement plan
As we enter the 2024/2025 fiscal year, the budget that the N.C. General Assembly passed last year provided state employees with a 3 percent salary increase for 2024/2025 effective July 1. When your paycheck gets a raise, it’s a great opportunity to give your...
Transition to Single Recordkeeper in Full Swing
In 2023, it was announced that after a careful review of our retirement program, the University decided to move from two retirement plan recordkeepers (TIAA and Fidelity) to a single recordkeeper (TIAA) for all UNC Retirement Plans. The move to a single recordkeeper...
Tax-Season Scams are on the rise
How to protect yourself and avoid being a victim The IRS has warned that financial scams are on the rise. Decrease your chances of becoming a target by knowing what to watch for. Scammers may contact you via phone, email, text or social media and then impersonate the...
Test Your Tax Bracket Knowledge
How many federal tax brackets are there? Three Five Seven Nine True or False: All of your income is taxed at the same rate for federal True False Which action is one you can take to lower your taxable income for federal taxes? Invest in gold Open a Certificate of...
Understanding Taxes
Important Tax Dates: Tax Deadline Day: April 15, 2024 Deadline to file for an extension: April 15, 2024 Extension filers Deadline Day: Oct. 15, 2024 Taxes are something that anyone rarely looks forward to and are frequently misunderstood. It’s an important to know how...