Young (and not so young) People Should Care When you’re in your 20s or 30s, “retirement” feels light-years away. But the truth is—future financial security starts with small choices today. Even a 1% boost to your savings or a simple debt-payoff plan can create major freedom down the road. And while young people have the most to gain by starting early, National Retirement … [Read more...] about 🌟 October is National Retirement Security Month:
Free Financial Wellness Webinars Because your financial well-being impacts more than just your wallet. At Missouri State University, we offer several resources to support your total well-being—including your financial wellness. Whether you’re planning for retirement, navigating debt, or saving for a major milestone, it's important to have access to reliable information and … [Read more...] about Strengthen Your Financial Foundation
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