![close up of rolled up $100 bill with pine cones, lights and holiday trimmings in background](https://hr.umich.edu/sites/default/files/uhr-holiday-money.jpg)
Not-so-fun fact: The average American will spend up to $2,000 on holiday gifts this year. Paying off those bills could put a dent in your 2022 finances.
Here’s a better idea, according to retirement specialists: Invest a small percent of your gift budget in your U-M Retirement Savings Plans. If you plan to spend $1,500, invest $15 in your existing retirement plan. Keeping up that small investment increase each month will have you singing “Deck the Halls” throughout your retirement years.
Free Webinars in November
Webinars are a great way to get more information about an investment topic while enjoying the coziness of your home or office. Fidelity Investments and TIAA, U-M’s partners in administering its Basic Retirement Plan and supplemental retirement plans, offer the following free webinars in November:
Fidelity
Wednesday, Nov. 3 – noon
Caring for What Matters Most
Thursday, Nov. 4 – 2 p.m.
Insights Live: Updates from Washington
Wednesday, Nov. 10 – 1 p.m.
Women Talk Money: When Caregiving Gets (Even More) Complicated
Thursday, Nov. 18 – noon
Electric Vehicles: Ready or Not, Here They Come!
Check out more of Fidelity’s free webinars.
TIAA
Tuesday, Nov. 9 – noon
The Secure Act Revealed
Wednesday, Nov. 10 – noon
Financial Housekeeping for Now and Later
Thursday, Nov. 11 – noon
Attention to Detail: Financial Finishing Touches for Women
Thursday, Nov. 11 – 3 p.m.
Strategies for Staying on Track
Catch more of TIAA’s free webinars.
Check In Virtually
It's also a good idea to monitor your U-M Retirement Savings Plans to ensure they're performing as planned. Fidelity and TIAA staff welcome occasional check-ins so you’re on the same page to meet your financial goals.
Your appointment can be virtual or by phone to suit your schedule. Face-to-face consultations are expected to resume when public health conditions allow.
To schedule:
Visit Fidelity's scheduling page or call (800) 642-7131, weekdays from 8 a.m. to midnight
Visit tiaa.org/schedulenow or call (800) 732-8353, weekdays from 8 a.m. to 10 p.m.