Are you on track for retirement?
“When I first started at the University, one of the first benefits I took advantage of was to enroll in their retirement plan with TIAA and examine the pre- and post-tax plans to find what would work the best for not only me, but also my family. As a husband and father of three, my retirement is set upon the scope of when my youngest graduates college and what I will need to not only support them, but be able to enjoy the life goals beyond my career.”
What does successful financial planning mean to you?
“Successful financial planning means retiring and not having to look back on your career today and say, 'I should have done more' or 'How are we going to be able to make it now?'"
How has having children affected your planning?
“Having more children (I currently have one in college and two in grade school) slid the timeline as far as to what age I was going to have to work. That number had been my mid- to late-50s and now it is 64.
All of my children are aware of financial planning concepts so that they can prepare for their own futures—from the 4-year-old who just likes the look of shiny quarters, to my 6-year-old who wants to save for a new game system, to my 18-year-old who wants to have money for college and beyond. Making wise financial decisions helps you reach those goals!”