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Yes, there are unique saving options available to employees who work in academia especially those who want to catch-up on savings. More...
There are many considerations to address before you leave regarding savings, benefits and other perks. It is important to address these questions as soon as possible as they may not be available after your retirement date.
We will look at the unique options that you have and help select and monitor the right mix for you.
Many professors work beyond “normal” retirement age Understanding ways to access income early or delay income until later is important.
Employees of academia have catch-up provisions and additional retirement account options available that many other’s do not.
You may want to defer more of your regular income to make up for the additional cash flow from these programs.
There are many nuances to benefit plans including grandfathered choices and different options dependent on employee class. We can assist wading through the information.
It is important to address your specific situation because both options have pros and cons depending on the individual.