Saving is possible!

We all agree that saving is a good idea. That’s the easy part. Figuring out how to manage your expenses so you can save, or save more? That may not be so easy. America Saves Week is your opportunity to commit—or recommit—to saving for today and for later in retirement. Saving is more than just a good idea. It’s possible!

America Saves is a national campaign that encourages individuals and families to save money and build personal wealth. This is a great opportunity to expand your financial knowledge and set some new savings goals.

Your UW Tax-Sheltered Annuity 403(b) Program can help you save and invest for your long-term goals. If you already participate in the program, consider increasing your contributions. If you are not a TSA Program participant, consider signing up. Through the TSA Program you can invest a portion of your income for retirement on either a pre-tax basis, an after-tax basis (Roth), or a combination of both. The UW TSA Program has no participant fees, no loads or trading fees, and access to low-cost funds, including index funds and many funds with institutional share classes.

UW TSA 403(b) Program investment options include a wide array of mutual funds and fixed and variable annuities managed by five investment companies: TIAA-CREF, Fidelity, T. Rowe Price, Ameriprise/RiverSource Life Insurance, Lincoln National Life Insurance. For more information see www.wisconsin.edu/ohrwd/benefits/ret/tsa/ or contact your benefits office.

To celebrate America Saves Week, take a look at materials and resources at www.wisconsin.edu/ohrwd/americasaves. Read through some great tips on budgeting, watch a video on the difference between saving and investing, or take part in a webinar on the difference between the pre-tax and Roth options. These are just a few of the many resources available for you.

Pursuing your financial goals, that’s what saving—and America Saves Week—is about.