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January 2004, Vol. 13, No. 1| Return to Table of Contents
Happy New Year From Human Resources
Along with resolutions to live a healthier lifestyle and visit the gym more often, many of us start out the new year with increased efforts to plan for the financial future in a more organized and goal-oriented way. The two most popular planning methods that we hear about in Human Resources are:
Financial Planning
Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education, or planning for retirement.
The financial planning process includes taking a “big picture” look at where
you are financially, gathering relevant financial information, setting life goals and examining your current financial status. All of this information is then
used in developing a strategy or plan that will align your current situation
and future plans.
Estate Planning
Everyone can benefit from an estate plan, which helps, in advance, to:
- identify and organize your financial records
- ensure adequate resources are available in the event of your disability or death
- create a will legally dictating to whom, how and when your assets and wealth will be disbursed
- make clear your wishes to make a difference in the lives of others through charitable giving.
It’s important to recognize that there are a variety of taxes and expenses that need to be paid at the time of death. A good estate plan should include a planning process that coordinates your financial resources and can help ensure that you maximize your family’s inheritance.
How Human Resources Can Help
For both Financial Planning and Estate Planning purposes, you will need access to detailed information regarding your Marine Biological Laboratory Employee Benefits Program. Beginning in January 2004 the MBL’s benefits information is maintained for employees on a website customized for us by our broker, AON Consulting, <https://www.morebenefits.com/mbl/>.
On the MoreBenefits website you will be able to:
- review your 2004 benefits coverages and specific plan provisions on your, health and dental insurance, life and accident insurance, disability income replacement, dependent care reimbursement account.
- update/view your beneficiary designation(s) for your life and disability benefits,
- download forms and instructions for obtaining dependent care reimbursements,
- print summary statements for a “big picture” look at your MBL benefits, and
- link to our service providers’ web pages, including TIAA-CREF, for details.
Investing and Protecting Your Financial Future
All employees are invited to attend a seminar hosted by the MBL’s retirement plan sponsor, TIAA-CREF, regarding investments and retirement planning in a fluctuating economy. The open seminar (details below) will be followed by one-on-one counseling sessions with Jeanette Innocent, our TIAA-CREF individual consultant. Sign up for your individual counseling sessions through Human Resources by calling x7422 or
e-mailing: <HumanRes@mbl.edu>. (Space is limited.)
Re-examining the Rules of Investing
Presented by Jeanette Innocent, TIAA-CREF
Wednesday, February 11, 2004
9:00 to 10:00 am
Candle House, 104/105
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