The IRS has announced the dollar limitations on retirement plans for 2014. For Whitman employees, your combined saving in the matching and supplemental accounts can be up to $17,500. If you are 50 or older by the end of this year, you are also eligible for catch-up contributions of an additional $5,500, or $23,000 total.
The start of the year is a good time to reassess your savings and retirement goals. You can make changes to the amount of income you are deferring to your retirement savings account at any time, and these changes will take effect with the next pay period. Election changes should be forwarded to the Human Resources office. Email firstname.lastname@example.org or stop by the Human Resources Office in Memorial and we can help you verify your current elections.
You can also meet with TIAA CREF Account Representative Michael Williamson to plan an investment overview meeting during his monthly visit to Walla Walla. To schedule an appointment with him, contact Jessica Stevens at 206-529 2619 or email@example.com.