We’ve all heard the saying, “The more you do now, the better off you’ll be,” and when you think about it, that’s sound advice for most aspects of life, especially retirement readiness.
The Tennessee Treasury Department and RetireReadyTN, the state’s retirement program, encourage all employees to take one small step toward better retirement prep by contributing just $25 more a month to deferred compensation plans (401k and/or 457).
With the potential of compounding interest, the manageable reduction in your paycheck now can make a big difference to your retirement later. Studies show that most Americans are not saving enough for retirement, and UT wants to help you get and stay on track.
Call the HR Call Center at 888-444-UTHR if you have questions about adjusting your contribution level or reach out to your local campus or institute retirement specialist. Adjustments can be made at any time, and remember, you have free access to professional financial planners if you’d like advice about the many great investment options available.
Tags: Human Resources, Retirement