Turning Retirement Savings into a Lifetime Income Stream As retirement approaches, ensuring a steady income becomes increasingly important. Corebridge Financial’s article, “Turn Your Retirement Savings into a Lifetime Income Stream”, explores how individuals can convert their accumulated retirement savings into dependable income that lasts throughout retirement. Key … [Read more...] about Planning for the Future
What Is a Beneficiary? A beneficiary is the person—or entity—you name to receive your financial assets after your death. These assets can include life insurance benefits, retirement accounts, bank and brokerage accounts, and more. Designating beneficiaries is essential to ensure your assets are passed on according to your wishes. It also allows your loved ones to avoid the … [Read more...] about Beneficiaries: Are yours updated?
Retirement Plans When planning for retirement, it’s important to understand the type of employer-sponsored retirement plan you have. Missouri State University employees may be enrolled in either a defined benefit plan like MOSERS or a defined contribution plan such as CURP. Each plan offers unique advantages—and knowing the difference can help you maximize your retirement … [Read more...] about Understanding Your Retirement Plan: Defined Benefit vs. Defined Contribution
Employees may be eligible for federal student loan forgiveness. The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on Direct Student Loans after 120 qualifying payments under a qualifying repayment plan while working for a qualifying employer, like Missouri State University. Whether or not you've made 120 qualifying payments, submit the PSLF … [Read more...] about Public Service Loan Forgiveness (PSLF)
Riding the Market Roller Coaster? Stay the Course with Confidence Markets go up. Markets go down. Going up feels good. Coming down? Not so much. But through it all, staying focused on your long-term retirement goals can help you weather short-term uncertainty. Both Corebridge Financial and TIAA, Missouri State’s 403(b) asset managers, offer helpful tools and insights to keep … [Read more...] about Market Volatility and Retirement