2024 HR Insider Winter Newsletter

Winter 2024

Retirement

MissionSquare 457b and IRA Updates The IRS has announced retirement plan contribu- tions for 2024. If you would like to update your contribution amount, please login to your NeoGov account and complete the MissionSquare 457(b) Contribution Change Form or the IRA Contribu- tion Change Form.

WEBINARS TAILORED TO MEMBERS

457

Normal Limit

$23,000

$23,000 ($46,000 total) $7,500 ($30,000 total)

“Pre-Retirement” Catch-Up Limit

“Age 50” Catch-Up Limit

IRA

If you currently do not have a 457(b) or IRA ac- count but are interested in learning more about deferred compensation plans, please contact Hil- da Campos for more information.

WELCOME TO TCDRS If you’re a new hire and have questions about your TCDRS benefit, this webinar is for you! You’ll learn how TCDRS is unique and how it helps you save for your future. You’ll also find out why it’s important to designate a beneficiary and register for your online account. Then we’ll show you all the resources TCDRS offers to help you retire with confidence. 2 Sessions - Friday, Feb. 2, 9:00 - 9:30 a.m. and Friday March 1, 9:00 - 9:30 a.m.. Click HERE to register. ENVISION YOUR FINANCIAL FUTURE Retirement planning begins on day one. Join TCDRS for a webinar to review how your TCDRS retirement plan works and how life changes can impact your benefits. We’ll also discuss the importance of saving outside your TCDRS plan. The earlier you start saving for retirement, the more options you’ll have when you are ready to take that next step. 2 Sessions - Wednesday, Jan 10, 12:00 - 1:00 p.m. and Wednesday March 13, 12:00 - 1:00 p.m. Click HERE to register. PREPARING FOR A SUCCESSFUL TCDRS RETIREMENT Retirement is not just about the money. If you are thinking about retiring in the next five years, join TCDRS for a webinar about how to plan for a successful retirement. We’ll not only talk about the financial aspect of retirement, but the emotional transition as well. Plus, we’ll walk you through the steps for processing your TCDRS retire- ment. 6 Sessions available for the 1st quarter. Click HERE to register. You can choose to attend one or more of the following webinars.

Normal Limit

$7,000

$1,000 ($8,000 total)

“Age 50” Catch-Up Limit

Mission Square Retirement Upcoming Education Webinars

Financial Planning Basics: How to Set and Achieve Your Goals Wednesday, January 10th - Everyone can benefit from a financial plan that is tailored to individual needs and circumstances. A financial roadmap can motivate you to save money, help you meet your financial goals, and

improve your overall financial security now and in the future. The Importance of Long-Term Care Planning in Retirement

Wednesday, January 17th - According to the federal government, a majority of people over age 65 will need some type of long-term health care, with a significant number of people needing care in a nursing home. Learn how you can plan for this expense. 10 Questions for a Successful Retirement: A Guide for the Retiree

Wednesday, January 24th - Transitioning into and through retirement can be rewar- ding and challenging. So having a plan is important. We’ll focus on 10 key questions you should ask, from saving, to Social Se- curity and Medicare, and managing your in- vestments, withdrawals, and taxes. Market Update Wednesday, January 31st - Join Mission- Square Retirement for an update on the fi - nancial markets. All webinars are held from 12:00 p.m. - 1:00 a.m. Register HERE for all webinars.

Thursday, Jan. 11, 12:00 - 1:00 p.m. Friday, Jan. 12, 9:00 - 10:00 a.m. Wednesday, Feb. 7, 12:00 - 1:00 p.m. Wednesday, Feb. 7, 6:00 -7:00 p.m. Wednesday, March 6, 12:00 - 1:00 p.m. Friday, March 8, 9:00 - 10:00 a.m.

R E T I R I NG

Sending the warmest retirement wishes to Brenda Davis and her family! Thank you for an incredible 25 years of dedicated service. May your retirement be filled with joy and may you embark on countless exciting adventures ahead! Cheers to a well-deserved and happy retirement!

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