Retirement and Financial Planning

It's never too late—or too early—to start saving for retirement. Find out how much you and the University can contribute to your retirement plan for 2012.

Strategies for Success
Interested in learning how you can meet your retirement goals? Confused about investing? TIAA-CREF and Vanguard offer plenty of resources to help guide you:

• Get tips and advice from TIAA-CREF on financial planning and retirement savings.
• Learn techniques for successful retirement planning from TIAA-CREF's financial education web seminars.
• Vanguard can help you understand how to make the most of your investments.
• Is it time to rebalance your portfolio?

Looking for Help in Maintaining Retirement Security?
If you have questions about investing for retirement, both TIAA-CREF and Vanguard offer free one-on-one retirement counseling. Click here for more details.

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 8am–5pm at 1-877-PENN-RET (1-877-736-6738).

Retirement Contribution Limits

Take advantage of saving for your retirement (through pre-tax or Roth contributions) with Penn's retirement plans. For calendar year 2012, employees under age 50 generally can contribute up to $17,000, and employees age 50 and over generally can contribute up to $22,500. 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.