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Advice for Protecting Your Retirement Savings Plans

April 15, 2020

TIAA and Vanguard address participant’s concerns on their home pages, so please take a few minutes to visit www.tiaa.org and www.vanguard.com for this information.

TIAA and Vanguard are also holding virtual one-on-one counseling sessions where you can ask questions. You can schedule an appointment online at:

TIAA
www.TIAA.org/schedulenow-upenn
800-732-8353

Vanguard
www.meetvanguard.com
800-662-0106 ext. 14500

Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which offers the following relief measures for retirement plans:

  • Loans up to $100,000 for “affected individuals”
  • Coronavirus-related withdrawals up to $100,000 with special tax treatment
  • Required minimum distributions (RMDs) are waived for 2020

For more information about these measures, visit Penn’s Retirement Plans and COVID-19 webpage.

For general personal finance information not directly related to retirement plans, please visit the Consumer Financial Protection Bureau website.