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April is National Financial Literacy Month
Five moves you can make today to help you be prepared for retirement

(April 21, 2015) Did you know two-thirds of those approaching retirement do not feel financially prepared? If you’re getting close to retirement age, you may be wondering if you’re financially prepared to stop collecting a paycheck. Now is a good time to consider moves you can make immediately to help ensure your retirement will be as you imagine. These include:

  1. Catch up on retirement savings: If you max out your contributions to your employer-sponsored retirement plans for the next 10 years, you may be able to save an additional $325,000.
  2. Take advantage of a Health Savings Account (HSA): Health care costs may make up a big chunk of your retirement spending. An HSA, which can be established with a high-deductible insurance policy, can help you manage those costs. Contributions, which can be rolled over year after year, grow tax-deferred and can be used to pay qualified medical expenses at any time before or after retirement, although you cannot continue to make contributions once you’re enrolled in Medicare.
  3. Check your asset allocation: Many people shift to more conservative investments when approaching retirement. However, with retirement lasting 20 years or more, a portion of your savings should remain in investments with the potential to grow and help with those later years.
  4. Cover expected monthly expenses with a fixed-income annuity: Determine your “income-floor” – the guaranteed level of income you need to meet your basic expenses, such as food, housing and health care. See what Social Security and any pension payments will cover, and consider a fixed annuity to cover the gap.
  5. Run the numbers: Online tools, such at TIAA-CREF’s Retirement Advisor, can help you understand if you are on track to hit your goals and adjustments you may need to make.

For more information, visit TIAA-CREF’s National Financial Literacy Month webpage.

2015-2016 Wellness Incentive Program

(April 14, 2015) At DU, we believe that your health is your greatest asset; to support you and your family in caring for that asset, we offer a significant premium credit for individuals who complete the Wellness Incentive Program by May 15, 2015. If you are currently on a Kaiser health plan you should be receiving emails from the well@du team inviting you to utilize the wellmetrics portal; these messages are not spam, and you can manage your email settings once you log in. Please note: both you and your covered spouse/partner must create individual accounts in the portal and complete the Well-Being Assessment (in addition to biometric screenings) to earn the incentive.

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April is National Financial Literacy Month
Three important questions to ask about your retirement game plan

(April 14, 2015) Did you know more than 36 percent of Americans who contribute to an employer-sponsored retirement plan have never increased the percentage they contribute? You are encouraged to review your retirement strategy and ask yourself three questions

  1. Am I enrolled in my employer’s voluntary retirement savings plan, in addition to any automatic employer contributions? If not, find out how to enroll today.
  2. When was the last time I increased my contributions? You should aim to save 10-15 percent of your current annual income, including both your own contributions and any matching funds from your employer
  3. Do I have the right mix of investments? Over time, even a properly balanced portfolio can get out of balance. Talk to a TIAA-CREF financial consultant to discuss the right investment for your current circumstances.

For more information, visit TIAA-CREF’s National Financial Literacy Month webpage.

April is National Financial Literacy Month
Financial literacy basics: Budgeting 101

(April 7, 2015) Did you know only 39 percent of Americans prepare a monthly household budget? Improving your financial literacy starts at home – with budgeting. It’s a fundamental tool to help understand your month: What you spend, debt you carry and opportunities to save.

During National Financial Literacy Month, use this worksheet to get a better understanding of where your monthly income goes and how you can take more control by tracking spending. Also learn about “good” and “bad” debt and finding the right balance.

Follow the 50/30/20 rule. These percentages provide a rule of thumb to help you manage your spending:

  • No more than 50 percent of your monthly income would go to must-haves, such as housing and utilities – expenses you have to pay every month.
  • No more than 30 percent would go to wants, such as entertainment.
  • At least 20 percent would go to savings and paying down debt.

To learn more, visit TIAA-CREF’s National Financial Literacy Month webpage.

April is National Financial Literacy Month

(March 31, 2015 In the 2014 Consumer Financial Literacy Survey of adults in the U.S., about 59 percent gave themselves an A or B on their knowledge of personal finance. Despite respondents’ high marks, the survey also revealed that only 39 percent say they have a budget and keep close track of their spending, 32 percent still does not save any portion of their household annual income for retirement and more than 35 million respondents roll over $2,500 or more in credit card debt each month. How do you compare? April is National Financial Literacy Month; an opportunity for you to take a closer look at your personal finances – and more importantly, to make sure they’re on the right track in relation to your long-term goals. To learn more, visit TIAA-CREF’s National Financial Literacy Month home page and sign up for a Financial Essentials live webinar.

University of Denver named among top five healthiest employers

The Denver Business Journal named the University the fourth healthiest employer in Denver. Thanks to all our faculty and staff for your participation and support of well@du!

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DU NAMED GOLD FIT-FRIENDLY WORKSITE BY AMERICAN HEART ASSOCIATION FOR SECOND YEAR

The University of Denver was recognized as a Gold Level recipient of the American Heart Association's Fit-Friendly Worksites Recognition program for the second time. The Fit-Friendly Worksites program is a catalyst for positive change. Worksites throughout the nation can be part of the initiative by making the health and wellness of their employees a priority.

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Faculty and staff Yoga classes

Tuesdays and Wednesdays, Jan. 13-June 23, 11:30 a.m.-12:15 p.m. – Coors Fitness Center, Studio C

Tuesdays: Intermediate Vinyasa Yoga with Blake

Wednesdays:  Beginner Iyengar Yoga with Jessica

well@du yoga classes are open to DU faculty and staff at no cost. Registration is not necessary, but please arrive a few minutes early for your first class to complete some brief paperwork.