It’s a fact that women earn less money than men even when working the same job. What many women don’t realize, however, is that the pay gap is only one reason they need to take a different approach than men to retirement saving.
Women Talk Money
Fidelity’s “Women Talk Money” program addresses the factors that make women's financial planning unique. It's a free, online series created for women to address their specific financial situations leading toward retirement.
Upcoming "Women Talk Money" sessions include:
- Thursday, Nov. 3, noon-1 p.m.
Planning for the Retirement You Dream Of - Friday, Nov. 4, 2-3 p.m.
Live Q & A - Wednesday, Nov. 9, 2-2:45 p.m.
Why You Probably Need More Life Insurance - Wednesday, Dec. 14, 2-2:45 p.m.
New Year’s (Money) Resolutions
More Online Expertise
Fidelity and TIAA, U-M’s longtime partners in administering its Retirement Savings Plans, offer free webinars and workshops each month. Most are in real-time, and can be viewed on-demand so you’ll never miss a word.
Upcoming webinars include:
Fidelity
- Tuesday, Nov. 15, noon-1 p.m.
Understanding the Complexities of Aging Well & Future Planning - Tuesday, Nov. 29, noon-1 p.m.
Managing Your Money in Today’s Complex Environment - Thursday, Dec. 1, noon-12:45 p.m.
Insights Live: Withdrawal Strategies in Retirement
TIAA
- Tuesday, Nov. 8, 3 p.m.
Inside Money: Managing Income and Debt - Wednesday, Nov. 9, 3 p.m.
The Power of Savings - Thursday, Nov. 10, noon
Financial Housekeeping for Now and Later - Thursday, Nov. 10, 3 p.m.
Money at Work 2: Sharpening Investment Skills - Wednesday, Nov. 16, 3 p.m.
Lifetime Income: Marketproof Your Retirement
Get Personal with Consultations
Faculty and staff enrolled in U-M retirement plans are encouraged to meet periodically with Fidelity and TIAA counselors to make sure their investments are meeting their goals. These consultations are free of charge and can be scheduled through Zoom, by phone or in-person:
- Visit Fidelity's scheduling page or call (800) 642-7131, weekdays from 8 a.m. to midnight
- Visit TIAA's website or call (800) 732-8353, weekdays from 8 a.m. to 10 p.m.
Fidelity offers appointments exclusively for U-M employees every Tuesday from 8:30 a.m. to 5 p.m.
Financial Resources at MHealthy
MHealthy also offers several resources to assist faculty and staff with improving their financial literacy. These include education programs, coaches, and immediate assistance for those who need help now.