Check out these resources to help you establish your financial savings goals and plan for your retirement now.
Note: Some links go to the TIAA or Vanguard websites, which may require logging in.
5 Easy Steps to Plan for Retirement
Newly-hired Officers are automatically enrolled into the Voluntary Retirement Savings Plan (VRSP) 60 days from your date of hire at 3%. Contributions will be deducted from your paycheck on a pre-tax basis. Columbia makes contributions as soon as you become eligible.
Newly-hired Support Staff may start contributing to the Voluntary Retirement Savings Plan (VRSP) right away by logging into CUBES. Contributions will be deducted from your paycheck on a pre-tax basis. Columbia makes contributions immediately upon hire.
Maximize your contributions to the VRSP. You can contribute up to 80% of your paycheck on a pre-tax or Roth after-tax basis up to annual IRS limit of $19,000. At age 50, you can make an additional catch-up contribution up to $6,000 into the VRSP at anytime in the year.
Financial Savings Tools By Career Stage
Reach your goals with tools tailored to where you are in your career.
Early Career Stage
Start saving early and let time work for you.
- Tips, tools, and videos for getting started on the right financial path.
- Get your accounts in order and make a savings plan.
- See how to establish long-term goals through small savings in your paycheck.
- Use the planner to create your personal financial path and set benchmarks.
Mid Career Stage
How to stay focused on long-term goals amidst changing priorities.
- Keep on top of your finances as your priorities change.
- Stay on top of market changes that may impact your financial plans.
- Prepare for milestones in your and your family's lives.
- Tips on diversifying your investments to strengthen your financial health.
- Calculator your financial goals geared towards starting a business, buying a home, traveling, education, retirement, investing, or creating an emergency fund.
Late Career Stage
Keep saving and start exploring income options for retirement.
- Get your retirement profile and learn about lifetime income choices.
- Explore your income options to help pursue and reach your financial goals.
- Calculate your financial needs and find answers to bridge income gaps.
- Evaluate your expenses for retirement.