Human Resources

Human Resources

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Resources for employees close to retirement

VUMC employees nearing retirement age have additional options and considerations to manage retirement savings.

You may keep your money in the plan. If you are age 59 ½ or older, you may also withdraw or move your money to an individual retirement account (IRA) without paying a tax penalty, even if you keep working. You may owe taxes or have other restrictions. This includes any annuity investments at TIAA-CREF or VALIC, as well as mutual fund investments at Fidelity.

Resources for employees close to retirement

The resources below are intended to help you understand your options and make an informed decision. You may also schedule a one-on-one session with a Fidelity representative to discuss your specific goals and needs.


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