It’s Never Too Early to Plan for Retirement

It’s Never Too Early to Plan for Retirement: Financial Advice for Early-career Faculty

Are you saving each month but aren’t sure you are on track? A lot of retirement planning resources are geared towards individuals who are 5-10 years away from retirement. What about when you’re early career? We will dig into a series of retirement benchmarks, and run a few simulations based on YOUR numbers to help you understand how much you need to save. You will leave the session with a better idea of if you’re on track, ahead, or if you might need to make some changes to reach your goals. We will also review the pros and cons of saving in a 403b and a 457b, and how much MGH contributes to your retirement. Don’t know what the cash-balance plan is? This is for you.

Facilitator: Eryn Schultz, MBA, is the founder of Her Personal Finance. In 2015, she graduated from Harvard Business School, and realized that her and her classmates were better equipped to manage a corporate balance sheet than their own finances. Through her online classes, she has helped hundreds of students decide how to balance paying off student loans with saving for retirement, figure out how much cash to keep on hand, and finally feel confident investing outside of a 401K. Eryn has spoken to women’s groups at Amazon, Mass General Hospital, Harvard Business School, and Kellogg Business School, and has been featured in publications including Forbes, NPR, Fortune, Real Simple, CNBC, and BuzzFeed.

The upcoming 10-week Financial Planning Course begins on April 12, 2023 from 4-5pm. Find more details and apply here.