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COMING THIS FALL
Thursday September 11, 2014; 12:30 - 1:30pm in the Alumnae Ballroom. RSVP to firstname.lastname@example.org or call x3289.
Hear Dan Morris, Global Investment Strategist for TIAA-CREF, present insights into our economic outlook and demystify many of the financial and economic topics covered in the news every day.
Dan Morris is a managing director and Global Investment Strategist for TIAA-CREF. Prior to joining TIAA-CREF in 2013, Mr. Morris worked in London as a Global Market Strategist at J.P. Morgan Asset Management, and before that as the Senior Equity Strategist for Lombard Street Research. Previously, he was part of the Institutional Investor-ranked portfolio strategy team at Bank of America Securities in New York. Mr. Morris began his career covering Latin American equity markets at BT Alex Brown and Dresdner Kleinwort Benson.
Dan holds an MBA from the Wharton School and a Master's in International Relations from Johns Hopkins' School of Advanced International Studies (SAIS). His undergraduate degree is in Mathematics from Pomona College, and he is a CFA charter holder. Dan is a frequent guest on CNBC, Bloomberg, and other financial networks, and is widely quoted in the press.
TIAA-CREF will provide lunch for all attendees.
The IRS maximum you can contribute to your Voluntary Account in 2014
The IRS maximum contribution limit that plan participants are allowed to voluntarily contribute to the Tax Deferred Account for the 2014 calendar year has not changed. The general maximum is $17,500. The maximum for participants age 50 and over in 2013 is $23,000. To take advantage of the maximum you must complete a Salary Reduction Agreement form available below and return it to the HR office.
One-on-one independent, certified financial planners (CFP) come to campus to provide investment education
Confidence and competence are key ingredients to a prosperous future. Be coached by experts. The College is picking up the tab. Choose a Prosperity coach! You will learn when you can afford to retire. No more guess work related to retirement income and expenses.The CFPs will provide investment education, not investment advice. The College is providing this investment education resource to help equip employees with as much information as possible about their own retirement planning. Retirement planning is complicated. This resource provides general financial and investment information base on your individual retirement needs, and is intended to help you make better retirement-related decisions for you and your family. These CFPs are not tied to a fund house, their compensation is not based on the fund decision you make. They are paid an hourly rate by the College, through the 403(b) Retirement Plan. Learn more, or make an appointment by calling the benefits office at x2212 or x2215
Audience: Actives employees and spouses/partners
Location: Private office in HR Green Hall
In mid June 2013, the Social Security Administration (SSA) rolled out the "my Social Security" helpdesk
Once you have created a user name and password, you will have access to your information at Social Security and can change email address and mailing address, as well as direct deposit instructions. Your password will expire on , for security reasons, but it is easy to change the password at any time.The My Home section tells you what you are receiving, how much your benefit is, and when your next check will be deposited.
The Help Center page has useful Frequently Asked Questions, where you can learn how to replace your Social Security Card, make name changes, or even apply for SSI. There is a “Contact Us” function, if you have questions. The section on Retirement explains such things as what happens to your Social Security if you are working while receiving benefits and discusses survivor or spousal benefits. The Disability section describes how to apply for disability payments and discusses working while disabled, if you need that information.
The Security Settings link permits you to change the “security” questions and answers you may be asked for to verify that you are who you say you are.
Even with no changes and no questions, you may find other information on this site useful and interesting.
Go to http://www.socialsecurity.gov/
Wellesley College Defined Contribution Retirement Plan -
- Your Wellesley College Retirement Plan Investment Menu
- Investment Options Comparative Chart
- Wellesley College Defined Contribution Retirement Plan - Investment Options Comparative Chart
- Safe Harbor Notice
Society of Actuaries
The Committee on Post Retirement Needs and Risks recently completed a landmark effort examining the major decisions encountered in retirement. Drawing upon the expertise of prominent retirement professionals, the result is a thought-provoking series of 11 issue briefs written in everyday language. The briefs tackle a variety of retirement decisions with practical considerations and advice.
Read about the Managing Retirement Series here.
Following a comprehensive review of the College's current plan by the Retirement Plans Investment Committee, which includes members of Wellesley's Investment Office, we have improved the quality of the plan's investment options in the fall of 2011. These changes benefit participants and enable Wellesley College to comply with the new 403(b) plan regulations and our fiduciary responsibilities.
What stayed the same?
The design of the Retirement Plan did not change. Contribution rates, eligibility requirements, and all other aspects of the plan's design remained the same. You were not required to take any action as a result of the new Investment Menu. However, this was an opportunity to re-evaluate your retirement strategy.
We have consolidated to one Retirement Plan Vendor, TIAA-CREF and updated the investment menu
The new Investment Menu reflects a more focused set of "best-in-class" funds with a broad range of investment choices. TIAA-CREF offers the ability to invest with companies not available in the past such as Vanguard, Templeton, and Oakmark. The move to a single vendor is important because it saves on fees charged to the retirement accounts, and it allows for a more streamlined review of fund and vendor performance.
CONTACTING CALVERT INVESTMENTS
Client Customer Service: 800.368.2745 (press 0 to reach a representative)
Literature Requests: 800.368.2748
Financial Advisor Customer Service: 800.368.2746
Telecommunications Device for the Deaf: (TDD) 800.541.1524
Representatives are available to assist you 9:00 a.m. to 5:30 p.m. Eastern time Monday through Thursday and until 5:00 p.m. on Fridays.
Via website: Visit us online at www.Calvert.com. To directly access your Calvert acount(s) online, log into your account(s) by selecting the "Login/Register" tab on our homepage.
By e-mail: Send an e-mail to us by using the "Contact Us" link on www.Calvert.com.
Wellesley College Pension Plan for Classified Office and Service Employees - Summary of Material Modifications
HR values and respects confidentiality.