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
Take Advantage of a Free One-on-One Financial Planning Session Whether you're just starting your career or preparing to retire, meeting with a TIAA Financial Consultant can help you build a strategy that aligns with your goals. These individual sessions are provided at no additional cost as part of your Missouri State University retirement benefits. TIAA is the asset manager … [Read more...] about TIAA Financial Consultant Onsite (Springfield Campus: May 20-22)
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