“National Save for Retirement Week” is October 20-26, 2013. It marks a good time for you to assess your savings situation and your goals for retirement.
Whether you consider yourself a financial pro or a financial rookie, on the National Save for Retirement Week website you can test your skills. You can take a short quiz that tests your financial IQ and another that helps calculate your retirement goals. You’ll instantly find out how you rank, and how you can improve your planning.
Each day during the week, you’ll receive a message describing the many resources available to help you reach your goals. No matter what your age, it’s important to know where you stand:
•If you’re just starting out, learn how you can invest and defer taxes on your savings.
•Mid-career? See if your money is working hard enough for you.
•If you’re nearing retirement, learn what decisions you’ll need to make soon.
There are other savings tips to consider. For example, Individual Retirement Accounts (IRAs) allow you to save more each year beyond the limits of your employer’s savings plan. And if you’re approaching retirement, an annuity with a guaranteed income option might be right for you.
As a TIAA-CREF client, you can also contact TIAA-CREF for financial advice or an individual evaluation. To schedule an appointment, please call 800 842-2252, or visit www.tiaa-cref.org/schedulenow.
Follow TIAA-CREF on Twitter @TC_Talks for retirement savings tips using the #save4rw hashtag.