{"id":1758,"date":"2025-10-14T19:09:05","date_gmt":"2025-10-14T19:09:05","guid":{"rendered":"https:\/\/sites.augsburg.edu\/hr\/?page_id=1758"},"modified":"2025-12-02T20:56:22","modified_gmt":"2025-12-02T20:56:22","slug":"financial-planning-retirement","status":"publish","type":"page","link":"https:\/\/sites.augsburg.edu\/hr\/employees\/benefits\/financial-planning-retirement\/","title":{"rendered":"Financial Planning, Retirement"},"content":{"rendered":"<p>Employees are able to access one-to-one assistance through our retirement partners, TIAA and NFP.<\/p>\n<h2>TIAA<\/h2>\n<p>Advice and guidance to point employees in the right direction through:<\/p>\n<ul>\n<li>Retirement Income Consultants &#8211; meetings with a specialist as retirement nears for creating an income plan<\/li>\n<li>Financial Consultants &#8211; Personalized advice and guidance on retirement planning. Immediate access by phone, or scheduled meeitngs by phone or video call.<\/li>\n<li>General Phone Support &#8211; help with administrative tasks or scheduling an advising session<\/li>\n<\/ul>\n<p>Contact TIAA at<\/p>\n<p>TIAA Member Services at 800.842.2252 or\u00a0\u00a0<a href=\"https:\/\/tiaa.org\/schedulenow\">tiaa.org\/schedulenow<\/a><\/p>\n<p>Minnesota consultants:<\/p>\n<p><strong>Louis Bundy<\/strong>, Financial Consultant<br \/>\n504-249-4704<br \/>\nlouis.bundy@tiaa.org<\/p>\n<p><strong>Howard Reiff<\/strong>, Senior Financial Consultant<br \/>\n813-652-5109<br \/>\nHReiff@tiaa.org<\/p>\n<p><a href=\"https:\/\/youtu.be\/CWxT_17VM0Y\">Video: October 2025 Webinar: Understanding TIAA Investment Models in Your Retirement Plan<\/a><\/p>\n<h2>NFP Retirement Advisors<\/h2>\n<p>NFP Retirement Advisors<br \/>\nretirementinfo@nfp.com<br \/>\n800-959-0071<\/p>\n<h2>403(b) Retirement Contributions: Pre-Tax &amp; Roth<\/h2>\n<p><a href=\"https:\/\/web.augsburg.edu\/hr\/2026benefits\/403bRoth.pdf\">TIAA: Roth vs Pre-Tax Retirement Contributions (PDF)<\/a><\/p>\n<p>Beginning January 1, 2026, employees can make Roth 403(b) retirement contributions in addition to standard Pre-Tax 403(b) contributions.<\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" data-sheets-root=\"1\" data-sheets-baot=\"1\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"142\" \/>\n<col width=\"174\" \/><\/colgroup>\n<tbody>\n<tr>\n<th><\/th>\n<th>Pre-Tax 403(b)<\/th>\n<th>\u00a0Roth 403(b)<\/th>\n<\/tr>\n<tr>\n<th>Contributions<\/th>\n<td>Reduce taxable wages<\/td>\n<td>No impact on taxable wages<\/td>\n<\/tr>\n<tr>\n<th>Disbursements<\/th>\n<td>Taxable<\/td>\n<td>Not taxable<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Roth 403(b) vs Roth IRA<\/h3>\n<p>Roth 403(b) contributions<\/p>\n<ul>\n<li>are subject to the 403(b) contribution limits<\/li>\n<li>do not reduce the amount you can contribute to a Roth IRA<\/li>\n<li>unlike Roth IRA, are not subject to Modified Adjusted Gross Income (MAGI) limits<\/li>\n<\/ul>\n<h4>Learn more<\/h4>\n<ul>\n<li><a href=\"https:\/\/blog.turbotax.intuit.com\/tax-tips\/roth-401k-and-roth-403b-plans-98\/\">TurboTax: Roth 403(b) vs. Roth IRA: Which Should You Invest In?<\/a><\/li>\n<li><a href=\"https:\/\/www.irs.gov\/retirement-plans\/retirement-plans-faqs-on-designated-roth-accounts\">IRS: Retirement plans FAQs on designated Roth accounts<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Employees are able to access one-to-one assistance through our retirement partners, TIAA and NFP. TIAA Advice and guidance to point employees in the right direction through: Retirement Income Consultants &#8211; meetings with a specialist as retirement nears for creating an income plan Financial Consultants &#8211; Personalized advice and guidance on retirement planning. Immediate access by &hellip; <a href=\"https:\/\/sites.augsburg.edu\/hr\/employees\/benefits\/financial-planning-retirement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Financial Planning, Retirement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":176,"featured_media":0,"parent":180,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"template.users-facstaff.php","meta":{"footnotes":""},"class_list":["post-1758","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/comments?post=1758"}],"version-history":[{"count":4,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1758\/revisions"}],"predecessor-version":[{"id":1841,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1758\/revisions\/1841"}],"up":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/180"}],"wp:attachment":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/media?parent=1758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}