This week is America Saves Week, an annual event that encourages you to learn and plan for increased savings, lower debt, investing and preparing for retirement. This year’s focus is on financial confidence. America Saves Week defines financial confidence as, “the intersection of building a savings habit, knowing what resources you have available to support your financial stability, and taking advantage of those resources as needed.”
You can do all this using resources provided to employees by the university and our benefits partners. Both of MSU’s retirement partners, Fidelity and TIAA, offer tips and tricks, courses for financial literacy, and other resources. Through America Saves Week, you also have access to planning tools for managing financial emergencies.
Fidelity Resources
Fidelity provides many resources to MSU employees that can help you learn how to save better and prioritize your financial confidence. You can access your Fidelity account here to get started. Interested in learning the specifics about Fidelity’s rainy day investment and savings plans? Visit their Netbenefits site. Other tools and calculators provided by Fidelity to their MSU members can be found here.
TIAA Resources
If you feel dissatisfied about your current financial situation, TIAA wants to remind you that you are not alone. Read the 2023 TIAA Personal Finance Index and learn that it’s not just you. Some ways to start building financial resiliency with TIAA include contributing to your retirement savings, paying down debt, and growing an emergency fund. According to a survey conducted by TIAA, having more in retirement savings is a top contributor to financial resiliency. Visit the EBS portal to learn more about your contribution options.
Schedule a Virtual Consultation with Fidelity or TIAA
Both Fidelity and TIAA offer virtual appointments with financial consultants. Be sure to set up an appointment to get your questions answered for no additional cost. Set up your Fidelity consulting appointment here or set up your TIAA consulting appointment here.
For general questions about retirement, contact the HR Solutions Center at SolutionsCenter@hr.msu.edu or (517) 353-4434 or visit the HR website. For questions about your specific financial plans, contact your vendor.