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America Saves Week|February 24 - 29, 2020

America Saves Week is a national effort to encourage individuals to set savings goals, make a savings plan, and save automatically. Join millions of others who are taking time during America Saves Week to start or grow their personal and retirement savings. Savers with a plan are twice as likely to save successfully for retirement. Start your savings habit during America Saves Week!

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#ASW2020 Daily Focus

Monday, February 24, 2020 | Save Automatically

Tuesday, February 25, 2020 | Save with a Plan

Wednesday, February 26, 2020 | Save for the Unexpected

Thursday, February 27, 2020 | Save to Retire

Friday, February 28, 2020 | Save by Reducing Debt

Take Action During #ASW2020

Start Saving for Retirement Today:

  • Increase the amount you contribute to your Commonwealth of Virginia 457 Plan account or 403(b) account at any time, subject to tax code and plan limits.

    For 2020, the contribution limit for 457 and 403(b) plans is:
    • $19,500 for individuals under age 50
    • Additional $6,500 catch-up limit for individuals age 50+

  • Not enrolled in a 457 or 403(b) plan? Contact the Retirement Specialist to enroll today and start earning free money with the Cash Match! (Cash match available to full-time faculty and staff). Did you know that if you  are a part-time employee you are able to contribute to a 403(b) or 457 account? Start saving for your retirement today!

  • Hybrid Plan members: Increase your voluntary contribution quarterly (next deadline March 15th) or use the new SmartStep  tool to annually increase contributions automatically until you reach the

Attend a retirement planning workshop through Talent Development:

VRS Members: log into your myVRS account today and use the Retirement Income Planner to see if you are on track to live comfortably in retirement.

 

Sign up for a FREE financial counseling session with one of our plan advisors:

  • Janice Parker (VRS Hybrid and 457 plans)  
  • Corbin Hess (Valic now AIG)

 

Check out savings tips, tools and time-savers to increase your knowledge by visiting myVRS Financial Wellness portal powered by Enrich

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