YOUR BENEFITS SHOULD WORK TOWARD YOUR GOALS
Retirement planning is a highly individual process. That may not be readily apparent since you and your colleagues are likely asking similar questions, such as:
- Which provider should I use for my 403(b) plan?
- How does the 457 plan work, and how does it differ from the 403(b) plans?
- What can I do with the retirement account from the previous university I worked at?
- What disability insurance coverage do I need as an employee?
- How should my health care coverage change in retirement?
Although you and your colleagues may ask similar questions, your answers will probably diverge. This is particularly true if you take the time to understand your benefits and the role they can play in providing for your retirement. The more informed you become, the more specific the strategies you can apply. Of course, this takes ongoing effort, and you may not have the time or desire for such a high level of financial diligence.
As an Emory employee, you are busy. Not only do you have career obligations, but you have family responsibilities as well. Plus, you probably want to spend what little free time you do have on enjoying life, rather than sitting at a computer and trying to figure out which of the 403(b) plan providers you should pick.
The right financial advisor can help you make informed decisions about your future. They will take the time to understand your goals for the short term and in retirement, then create a financial plan that helps you achieve those goals. However, because your benefits as an Emory employee are so extensive, you may be challenged in finding an advisor with the expertise to optimize those benefits.
We recommend that you seek an advisor who:
- Has at minimum expertise with university or clinic benefits, and ideally deep experience with Emory’s options
- Puts your best interest first—namely, a Registered Investment Advisory firm that has a fiduciary obligation to all your accounts
- Is fee-only rather than fee-based or working by commission
- Provides comprehensive financial and retirement planning rather than just investment management
- Offers goals-based planning so that you know your plan is custom-tailored to your specific situation
- Has the CERTIFIED FINANCIAL PLANNER™ (CFP®) certification—the most highly regarded designation in the industry for its stringent requirements in experience, ongoing education, and ethics
By seeking out a financial advisor with these traits, you can set a course that leaves you confident that your Emory benefits can support you throughout your retirement.