Goal Setting Resources

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.

Quick Lessons

Brief multimedia lessons walk you through the steps to plan for your future by making smart financial choices today.

5 Easy Steps to Plan for Retirement

Step 1: Officers: Start Planning Now
Officers: Start Planning Now

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.

Step 1: Support Staff: Start Planning Now
Support Staff: Start Planning Now

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.

Step 2: Maximize Contributions
Maximize Contributions

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.

Step 3: Review Allocations & Diversify
Review Allocations & Diversify

As you approach retirement, your allocation of retirement investment funds may need to change. View your fund performance and investment options at TIAA and Vanguard. Use their helpful calculators and planning tools.

Step 4: Meet Specialists & Attend Workshops
Meet Specialists & Attend Workshops

TIAA and Vanguard retirement planning specialists visit the campuses regularly. Sign up for a one-on-one session or join a webinar. And attend our customized workshops offered throughout the year.

Step 5: Review Retiree Benefits
Review Retiree Benefits

Explore all the Retiree Benefits—health, tuition, financial, and well-being programs—to help you plan for your retirement needs and reach your financial goals.

Financial Savings Tools By Career Stage

Reach your goals with tools tailored to where you are in your career. 

 

Early Career Stage

Early Career Stage

Start saving early and let time work for you.

Just Starting Out
  • Tips, tools, and videos for getting started on the right financial path.
Budget Worksheets 
  • Get your accounts in order and make a savings plan.
Paycheck Calculator
  • See how to establish long-term goals through small savings in your paycheck.
Financial goals planner
  • Use the planner to create your personal financial path and set benchmarks.

 

Mid Career Stage

Mid Career Stage

How to stay focused on long-term goals amidst changing priorities.

Managing Your Money 
  • Keep on top of your finances as your priorities change.
Market Commentary 
  • Stay on top of market changes that may effect your financial plans.
Life's Big Events
  • Prepare for milestones in your and your family's lives.
Asset Allocation Evaluator
  • Tips on diversifying your investments to strengthen your financial health.
Goals Calculator
  • Calculator your financial goals geared towards starting a business, buying a home, traveling, education, retirement, investing, or creating an emergency fund.
Late Career Stage

Late Career Stage

Keep saving and start exploring income options for retirement.

Preparing for Retirement
  • Get your retirement profile and learn about lifetime income choices.
Retirement Income Illustrator
  • Explore your income options to help pursue and reach your financial goals.
Lifetime Income Calculator
  • Calculate your financial needs and find answers to bridge income gaps.
Retirement Budget Worksheet
  • Evaluate your expenses for retirement.