Retirement and Financial Planning
Strategies for Success
Interested in learning how you can meet your retirement goals? TIAA-CREF offers plenty of resources to help guide you:
Looking for Help in Maintaining Retirement Security?
Today's troubled economy seems to have everyone worried, but Penn’s retirement vendors, TIAA-CREF and Vanguard, can help. If you're concerned about your retirement savings, read TIAA-CREF’s Tips for Retirement Savings in Turbulent Markets for suggestions on how to stay focused on meeting your long-term financial goals. If you're looking for ways to maintain your security despite the turbulent market, Vanguard’s paper entitled Implications of a Bear Market for Retirement Security can provide you with strategies. Group information sessions and personalized counseling are also available to help you make decisions about your own portfolio. Visit the Human Resources retirement counseling website for information on how to schedule an appointment.
Manage Your Retirement Online
Use Penn’s online enrollment system to manage your retirement benefits. You can enroll for the first time or make changes to your retirement elections at any time during the year.
University of Pennsylvania Retirement Call Center
For questions regarding retirement plans, please contact the University of Pennsylvania Retirement Call Center* weekdays from 8:00 am to 5:00 pm at 1-877-PENN-RET (1-877-736-6738).
Retirement Contribution Limits
Take advantage of saving for your retirement on a pre-tax basis through Penn's retirement plans. For calendar years 2009 and 2010, employees under age 50 generally can contribute up to $16,500, and employees age 50 and over generally can contribute up to $22,000. See Retirement Regulations for more information.
Thinking About Retiring?
If you’re looking for information on how to plan for retirement, including managing medical benefits and registering for Medicare and Social Security, visit the Retiring from Penn website.
*The Penn Retirement Call Center and website are operated by TIAA-CREF at no direct cost to the University. Penn’s decision to partner with TIAA-CREF as the call center and website provider is separate and distinct from the investment process for faculty and staff, and does not constitute an endorsement of TIAA-CREF’s investment products. Penn offers eligible faculty and staff the opportunity to invest with either (or both) of its retirement vendors. The vendors are TIAA-CREF and the Vanguard Group.