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...
Retirement News
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...
April is Financial Literacy Month
As April kicks off Financial Literacy Month, it’s a great reminder to take the time to learn more about managing your finances and working to improve them to make it easier to achieve your goals. Financial literacy isn’t only about planning for retirement, it’s about...
Financial Resolutions for 2024: Prepare and Save
With another year in the books, it’s a great time to look back at your finances from 2023 and set new goals for 2024. For many, 2023 was a year of unexpected increases in the costs of gas, groceries and almost everything in between. This created budget changes that...
Enhancements to UNC Retirement Programs coming soon
You are part of a collective of individuals whose passion and drive help shape what we are today. It’s why we provide you with a retirement program designed with the tools, services and guidance that can be personalized to meet your individual goals and needs. Earlier...
Interest Rates: What are they and how are they calculated?
We often hear about interest rates but have you ever wondered what they are and how they affect your finances? An interest rate is reward for saving money or the cost of borrowing it. Interest is calculated as a percentage of the total money that you borrow or save....
Annual retirement Contribution limits
The Internal Revenue Service has announced its annual update to contribution limits for pension and retirement plans for the 2024 tax year. Section 415 requires these limits to be adjusted annually for cost of living increases. The limit on contributions by employees...
How your retirement contributions can affect your taxes
Taking into consideration how taxes will impact saving for retirement and during retirement is important. As you are meeting with your tax professional, it may be a good time to discuss your tax strategy to save money while saving for retirement and also once you...