Time passes quickly, and while retirement may seem far off, make sure
you will be able to afford it. Get a great start on your future by investing
in Emorys retirement plan today.
What is the hardest part
Getting started. First, learn about the investment options in your retirement
savings plan. What are your investment choices? How much growth do they
offer? How much risk? Then determine the right combination for you. Know
what your goals are and understand how different kinds of investments
work together. No single investment or fund can deliver everything you
need in a long-term investment portfolio.
What is an annuity?
A contract by which an insurance company agrees to make regular payments
to someone for a fixed period or for life. A fixed annuity guarantees
principal and a specified interest rate and may also offer dividends.
A variable annuity offers no guarantee of principal repayment or rate
of return because its value fluctuates based on the market performance
of underlying securities.
What is a mutual fund?
A mutual fund is a pool of money accumulated from thousands of investors
who purchase shares or units of the fund. A mutual
fund manager determines what securities to buy and sell within the fund
on behalf of the individual investors. These decisions are made with the
assistance of high-quality investment research.
Is the money in my retirement
Money contributed on a before-tax basis, Emorys contribution and
any earnings are taxable when you withdraw the money.
If I leave Emory, what are
You can leave your money in Emorys plan.
You may roll eligible assets over directly to another retirement
plan or Individual Retirement Account (IRA) and avoid penalties.
You can take a lump sum payment, but taxes will be withheld. In
addition, you will incur a 10 percent penalty if you are under age 59.
What financial planning
books do you recommend?
Several excellent books are available at bookstores and some local libraries.
Check out Common Sense Guide to Mutual Funds by Mary Rowland; The
Late Investor by John Wasik; The Wealthy Barber by Dave Chilton;
The Courage to be Rich by Suze Orman; and Your Complete Guide
to Financial Success by Larry Burkett.
For a more extensive list or more information about Emorys retirement
plan, call your benefits specialist at 404-727-7613.