November 5, 2025
W&L Expands Parental Leave Benefits for Faculty and Staff
Will You Be Ready to Retire When the Time Comes? Take advantage of the resources that are available to assist you in your retirement planning.
We all have one major life event in common – we dream of one day retiring. We may differ on what we want to do when we retire. Whether it’s to travel or stay home and relax, we need to save enough during our working years to pay for our retirement years.
Per IRS rules, you may contribute the amount shown below. University contributions are in addition to these amounts. You may adjust your contribution at any time throughout the year. To do so in Workday, consult the question three in the Workday Quick Tips page.
| Age | Deferral Limit | Catchup | Total Limit |
|---|---|---|---|
| Up to 49 | $24,500 | — | $24,500 |
| 50–59 | $24,500 | $8,000 | $32,500 |
| 60–63 | $24,500 | $11,250 | $35,750 |
| 64 and up | $24,500 | $8,000 | $32,500 |
TIAA and Fidelity financial counselors are available each month to meet with employees. Based on current contributions and the amount already in your retirement account, they can help determine if you are on track to meet your retirement goal.
You also have access to SageView, a registered investment advisory firm, for your overall financial planning. They can assist with overall financial planning, answer questions about the university’s retirement plan and help with asset allocation choices.
For information about the university’s retirement plan, visit our retirement savings plan webpage.
If you’ve met with TIAA, Fidelity or SageView and found it helpful, or if you supervise employees who do not regularly check their W&L email, please encourage your colleagues to take advantage of these appointment opportunities. Consult the programs and events webpage for schedules and instructions for making an appointment with TIAA, Fidelity and SageView.
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