When should I begin planning for future retirement benefits?
Filed under Retirement.
Employees, regardless of age, should begin planning for the future when beginning their work career. This includes participating in the employer’s pension plan and taking advantage of any other supplemental retirement programs (tax-sheltered annuities) that the employer may offer. The university offers tax-sheltered annuity plans that the employee may enroll in and voluntarily have money deducted from their paycheck. The money is invested by the annuity company and any money deducted from the paycheck and interest earned will be tax deferred until the money is withdrawn from the account. For additional information, please contact the University Retirement Office at (352) 392-2477.