Yesterday's Pension, Today's TSP, Tomorrow's 401(k) - What You Should Know!
Track: Career Readiness Track (Sponsored by LinkedIn)
Upon entering the workforce, you must make critical employee-benefit related decisions. In other words, your salary is one small part, and you should know your worth within the total compensation package. Whether you are a veteran, a spouse, a freshman undergrad, or a senior grad student, your decision(s) have an impact on your tax costs and benefits, long-term finances, and retirement planning.
In this session, certified subject matter expert Bob Bieri will cover: * The meaning and impact of "fully-vested" * How decisions may impact Social Security and Medicare * How defined benefit plans (pensions) are structured * The tax advantages and differences between the Thrift Savings Plan (TSP) and 401(k) plans * How an IRA can help you save, and the differences between "Roth" and "Traditional" * Actionable insights you can apply, whether you are working for the government, private sector, a non-profit, as a contractor, or for yourself