myHR: November 12, 2014

Is Retirement Planning Different for Women?

A dollar is a dollar, whether it’s in a wallet or a purse, so why is retirement planning different for women? Many women’s careers include part-time work, time away from the paid workforce, and—in some instances—lower paying jobs. That can mean less money invested in retirement. Perhaps the biggest factor that makes retirement different for women is greater longevity. Today, half of all U.S. women over 75 live alone, so retirement funds are especially crucial to women’s financial security.

In spite of these challenges, women can take control of their money and plan for a secure future. She’s Got It: A Woman’s Guide to Saving and Investing is a smart way to start. This free program is available to faculty and staff on November 19 from 11am to 12:30pm. Register online and take care of business!

At She’s Got It, a financial professional from TIAA-CREF will cover the basics of personal finance with women’s lifestyles in mind. This seminar looks at goal setting, insurance, saving for education, and retirement investing for women who want to support themselves and their families now and in the future.

All benefits eligible faculty and staff have access to free one-on-one retirement counseling throughout the year from Penn’s investment carriers, TIAA-CREF and Vanguard. To schedule a session, contact:

TIAA-CREF: www.tiaa-cref.org/letstalk1, 1-800-732-8353

The Vanguard Group: www.meetvanguard.com, 1-800-662-0106 (x14500)

For more information about Penn’s retirement and financial wellness programs, visit the Benefits website or contact the Retirement Call Center at 1-877-PENN-RET (1-877-736-6738).

Source: Women’s Institute for a Secure Retirement (WISER)

Take Control of Your Penn Career

Whether you want to maintain your current position or head in a new direction, Your Career@Penn can help you take control of your future. More than a job fair, Your Career@Penn offers practical guidance for managing your professional growth at the University. Your Career@Penn takes place Tuesday, December 2 from 11am to 2pm at Irvine Auditorium. Register online for this free professional development program and set a course for success.

Recruiter Panels

Recruiters and experienced staff from centers and departments across the University will share hiring insights in panel discussions on information technology, administrative support, and finance. Learn what skills and strengths are most valuable in these important fields.

Professional Development Sessions

Professional development and staffing experts will show you how to make the most of Penn resources to help you stay on top in your field or prepare you for your next career move. These break-out sessions will cover on-the-job training programs, networking, internal job search strategies, planning ideas, and more.

For details, visit www.hr.upenn.edu/yourcareeratpenn or contact a Penn Training Consultant. The complete line up of professional development programs is available at the Learning and Development website.

Did You Know?

On November 13 and 20 you can safely and securely recycle electronics at convenient E-Force Zero Waste collection locations across campus. Visit Penn’s Rethink Your Footprint website or contact your Eco-Rep for details.