By Roxanne Kainz
Human Resources

The Human Resources Department is sponsoring a variety of retirement education sessions this spring. There are many different types of sessions, all of which should be of interest to you. Whether you have chosen TIAA-CREF or Fidelity as your funding vehicle, you will gain valuable knowledge by attending sessions being presented by both companies.

TIAA-CREF and Fidelity have not made presentations on campus for a number of years. The panel discussion on March 22 will be an excellent opportunity to learn about each of the companies, the investment options and services they each offer and to have YOUR questions answered. The more knowledge you have, the better decisions you will make.

Go to the HR Web site and click on the Training and Development link for the online training registration. Sign up today, to ensure the sessions you are interested in can be offered, as we will have to cancel any sessions that do not generate enough interest and we may not have an opportunity to offer them again.

Show an interest in your financial future. Register for a retirement education session today.

Basic Retirement Information Session
11 a.m.-1 p.m. Wednesday, March 7, in Room 155, Murray-Herrick Campus Center

This workshop is an introduction to basic retirement planning and investment planning concepts. Topics include the effect of inflation, taxes, investment return and the time value of money, as well as reviewing the costs of retirement. Sources of retirement income are discussed, including an overview of the UST retirement programs. Basic investment planning concepts are covered including asset allocation, risk tolerance, investment return and basic types of investments. The specific UST investing choices for the 403(b) plan are explained. Handouts include a retirement planning worksheet to help calculate retirement needs, summaries of the UST choices, an action plan based on topics covered in the workshop, and sample model asset allocation.

Retirement Planning Panel Discussion
11:30 a.m.-1 p.m. Thursday, March 22, in O’Shaughnessy Educational Center auditorium and telecast to Minneapolis and Owatonna

The panel discussion will include representatives from Deloitte & Touche LLP, Fidelity and TIAA-CREF. The first 20 minutes will include some retirement planning basics by Sue Isaacson from Deloitte & Touche, LLP, along with an overview of St. Thomas’ tax deferred 403(b) plan. The representatives from Fidelity and TIAA/Cref will discuss their roles as fund sponsors and the fund options. There will be time for a question-answer segment at the end of the panel discussion.

Investment Strategies: Fidelity Investments
11:45 a.m.-12:45 p.m. Wednesday, April 4, in Room 155, Murray-Herrick Campus Center

Join us for this workshop, and find out if your saving and investment strategies are on target. At our hands-on workshop, you can learn to:

  • Calculate the potential impact of increasing your contribution rate
  • Determine if your current investment risk is appropriate for your situation
  • Rebalance or reallocate your investment mix to meet your goals

Getting Organized and Setting Financial Goals: TIAA/CREF
11:45 a.m.-12:45 p.m. Wednesday, April 18, in Room 155, Murray-Herrick Campus Center

Before you chart your financial course for the future, you should know where you are today. This workshop will cover basic financial planning concepts. It will highlight what is necessary to determine your starting point in developing a financial plan: creating a net worth statement (what you own and what you owe) and putting together a cash flow analysis (your income and expenses). With the concepts explained in this session, you can take the next steps toward developing a financial plan including identifying specific goals, determining their costs, prioritizing them and developing an investment strategy to achieve them.

Advanced Retirement Information Session
11 a.m.-1 p.m. Tuesday, April 24, in Room 152, Murray-Herrick Campus Center

You must attend the Basic Retirement workshop before attending the Advanced. This workshop continues the discussion of retirement planning and investment planning concepts. Participants also will receive a copy of the Deloitte & Touche retirement planning software. The workshop includes instruction for use of this software so that participants may use the software as a planning tool following the workshop. Topics include a discussion of new IRA choices for additional retirement savings, as well as a brief review of the basic retirement planning issues of inflation, taxes, investment return and the time value of money. Additional investment planning concepts are covered, including asset allocation within stock and bond categories, and a focus on the investment styles represented in the investment choices for the UST 403(b) plans.

Near Retirement Information Session
11 a.m.-1 p.m. Thursday, May 10, in Room 155, Murray-Herrick Campus Center

This workshop focuses on the specific issues concerning employees that are closer to retirement age. Participants receive a copy of the Deloitte & Touche retirement planning software, focusing calculations to help meet near-retirement goals. Additional topics include a discussion of health care options in retirement, including Medicare and long term care issues, discussions of Social Security benefits, review of distribution options for UST retirement plans and IRAs, income taxation of retirement distributions, investment allocation for retirement, and basic estate planning. Handouts include the retirement planning software, a summary of Medigap policy options, and a basic estate planning booklet published by Deloitte & Touche LLP.

One-to-One Sessions with Fidelity and/or TIAA/CREF
One-to-One sessions are 30 minutes. Please call your fund sponsor to sign up.

TIAA/CREF — Jeff Jakush, (800) 842-2005
Wednesday, March 7
Wednesday, March 28
Thursday, March 29

Fidelity — Brad Smith (952) 829-7025
Tuesday, March 13
Friday, March 23


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