Faculty & staff at University of Michigan can hire University Wealth Advisors to help them with their retirement planning. Our clients include doctors, professors, nurses, & various administrative staff at the university. To help you, our firm starts by running a preliminary analysis that establishes a baseline estimated income, risks, and areas of improvement. Our advisors then work with you to take advantage of all of the university’s offerings for retirement planning. This includes your basic retirement plan, additional retirement contributions, and life insurance.
Take for example this case study: an individual employed by the university was previously employed by a public employer in a different state. Although University of Michigan is a public university, its retirement consists solely of defined contribution plans. They are eligible for Social Security but it may be reduced due to their previous employment and contributions to a non-covered state pension system. They are unsure whether the pre-tax 403b or the Roth 403b are appropriate for their situation, and how to invest the money they want to contribute additionally for retirement. They are also unsure if the life insurance offered by their employer is adequate for their needs. They start by working with our firm to establish an initial estimate for their retirement income. If improvements/changes need to be made a registered advisor can assist them in making those changes. Their accounts are linked to a dedicated client portal, which allows them to view all of their investments and retirement accounts in one central viewing location.
At the end of this process clients have established a defined plan for multiple areas in their retirement plan. If you are employed by University of Michigan and you wish to establish a relationship with a trusted advisor, contact us today!