Retirement Planning for UW System and State of Wisconsin Employees

Описание: In this video, we explore essential retirement planning strategies specifically designed for employees of the University of Wisconsin (UW) System and the State of Wisconsin. Discover how to maximize your 403(b) and 457(b) plans, understand the benefits of the state pension system, and make the most of your investment options with providers like TIAA and Fidelity.

Check out our blog for additional insights: Our Guide to the UW System Supplemental Retirement Program - https://walknercondon.com/blog/our-gu...

We break down:

Key Differences Between 403(b) and 457(b) Plans: Learn which plan fits your retirement goals, including tax benefits and early withdrawal options.
Maximizing Contributions: Find out how UW and state employees can contribute to multiple retirement accounts, potentially doubling tax-advantaged savings for households.
Investment Choices with TIAA and Fidelity: Explore the advantages of these standardized plans, including low-cost options and diversified portfolios.
Catch-Up Provisions and Early Access: Understand how catch-up contributions and penalty-free withdrawals in 457(b) plans can benefit high-income earners and those nearing retirement.

Whether you're early in your career, nearing retirement, or managing dual incomes in a household, this guide will help you understand your retirement planning options. Make the most of the powerful benefits available to UW System and State of Wisconsin employees to secure a financially stable future.

Watch now to start planning for a better retirement!

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Introduction to Employee Benefits - 00:00:32
Three-Pronged Retirement System Explained - 00:01:03
Understanding State Pension Plans - 00:01:35
Overview of 403(b) Plan - 00:02:05
Deferred Compensation Plan (457(b)) Explained - 00:02:36
Benefits of Contributing to Multiple Accounts - 00:03:09
Access Rules and Penalty-Free Withdrawals in 457 - 00:09:26
Comparison of TIAA and Fidelity Plans - 00:05:15
Catch-Up Contributions for Late Retirement Planning - 00:13:39
Importance of Planning with Both 403(b) and 457(b) Plans - 00:19:30

Visit our website for more financial planning resources and educational information: https://www.walknercondon.com

For more on this topic and others check out the blog on our website: https://walknercondon.com/blog/
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