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...
Retirement News
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...
Are you saving enough for the retirement lifestyle you want?
We often think about saving for retirement but have you sat down and really thought about what you want your life to look like in retirement? This picture looks very different for everyone- there is no one size fits all. It’s important that your retirement plan is...
Give Your Retirement a Raise
As most state employees have been eagerly awaiting budget news from the NC General Assembly for the fiscal year that began on July 1, news finally came at the end of September. A budget has been passed that currently provides state employees a 4 percent salary...
UNC Retirement Plans Moving to Single Recordkeeper
Earlier this spring it was communicated that the UNC System was exploring the option of moving from our current two retirement plan recordkeepers, TIAA and Fidelity, to a single recordkeeper for all of the UNC defined contribution retirement plans. With the assistance...
More About TIAA
TIAA (Teachers Insurance Annuity Association) was initially created in 1918 by Andrew Carnegie and his Carnegie Foundation for the Advancement of Teaching to be a fully funded system of pensions for professors. Through its rich history, TIAA has evolved into a Fortune...