UW Tax-Sheltered Annuity Program Offers Savings Options to Employees
The UW Tax-Sheltered Annuity (TSA) 403(b) Program can help you invest for your long-term goals. If you already participate in the program, consider increasing your contributions. If you are not a TSA Program participant, sign up today. Through the TSA Program you can invest a portion of your income for retirement on either a pre-tax basis, an after-tax basis (Roth), or a combination of both.
UW TSA 403(b) Program investment options include a wide array of mutual funds and fixed and variable annuities managed by five providers: Ameriprise, Fidelity, Lincoln, TIAA, T. Rowe Price. For more information, visit the UW Tax-Sheltered Annuity (TSA) 403(b) Program or contact your institution’s human resources office.
Saving early is one of the best things you can do to ensure that you set aside enough to fund a comfortable retirement. Read Save Smart–Save Early! to learn about the advantages of putting time on your side to accomplish your savings goals.
Don’t let the prospect of having to decide how to invest your retirement money scare you off. Just participating is more important than selecting the perfect investments. If you need help understanding the investment options available in the program contact the provider(s) you choose to contribute to.
Start Small, Think Big. Remember, when you are getting started, no contribution is too small. Even if you only set aside one percent of your salary in the UW TSA 403(b) Plan, that’s an important start. You can start with only $8 per pay period if you’re paid bi-weekly or $20 per month if you are paid monthly. Over time, your contributions will add up. Even small amounts of savings can help you in the future. Save automatically in the UW TSA 403(b) Program.
Source: UW System Human Resources