Marquette Today

Campus News and Events

Submit news

Menu

  • Campus News
    • Top News for Students
    • Top News for Faculty & Staff
    • Magazines at Marquette
    • Campus Alerts
  • Archives
  • Submit news
    • Editorial Guidelines
    • Contacts
  • @MarquetteToday
  • Events Calendar
  • Topics
    • Community Engagement
    • Diversity
    • Innovation
    • Master Planning
    • Marquette Momentum
    • Research
    • Strategic Planning
  • June 27, 2022

Marquette’s 403(b) plan updates

December 9, 2020

Roth in-plan conversion option
As of Dec. 1, 2020, 403(b) plan participants are able to directly convert eligible pretax contributions plus earnings to a designated Roth option. Before electing a Roth in-plan conversion, please refer to this information from TIAA and consult with your personal tax advisor to ensure this strategy is consistent with your overall personal financial goals.

Benefits of Roth in-plan conversion include:

  • Once the conversion is at least five years old, any qualified distribution of Roth assets plus earnings can be withdrawn tax free.
  • A Roth can be advantageous if you anticipate being in the same or a higher tax bracket in the future and/or have a long investment horizon.
  • Diversification of your tax liabilities.

The IRS also provides information about in-plan Roth rollovers/conversions. If interested in the Roth in-plan conversion option, contact TIAA at 1 (800) 842-2252 or www.tiaa-cref.org/marquette.


CREF Money Market account participants
In May 2020 TIAA began sending emails to participants with balances in the CREF Money Market Account about the impact of the low interest rate environment on this account. Please read this information carefully to understand how this affects your retirement account and consult with your personal financial advisor to determine if you’d like to take any actions before the end of the calendar year.

With questions about your TIAA 403(b) account, contact TIAA at 1-800-842-2252 or www.tiaa-cref.org/marquette.

Filed Under: For Faculty/Staff, HR News, News

More news

An update from Dr. Kevin Rich, chair of the James H. Keyes Dean of Business Administration Search Committee

June 27, 2022

Applications open for new intergenerational student housing program with St. Camillus life plan community

June 27, 2022

School of Dentistry researcher receives $1.45 million NIH grant to study effects of aging on oral health

June 27, 2022

Marquette receives two global CASE Circle of Excellence awards for video marketing collateral

June 27, 2022

Reminder: Milwaukee County Bus Rapid Transit project continues on campus through summer

June 27, 2022

Angela Schultz receives E. Michael McCann Public Service Award

June 27, 2022

Get into Summerfest free on July 8 by wearing Marquette gear

June 27, 2022

Medical coverage transparency in coverage rule

June 27, 2022

More news

Quick Links

  • Faculty/Staff News
  • Student News
  • Magazines at Marquette
Submit news

Featured Stories

Shattering the glass frog ceiling

Shattering the glass frog ceiling

Teaching Instructor Rick Boyd is said to be only the second individual in the United States to successfully breed the granulosa glass frog in captivity.

Summer Studies empowers students to get ahead, explore interests

Summer Studies empowers students to get ahead, explore interests

Those interested in taking part in the second session of Summer Studies must register online by July 1.

Baby formula shortage presents challenges for families

Baby formula shortage presents challenges for families

Dr. Karen Robinson discusses the ongoing baby formula shortage, the difficulties many families are experiencing across the country and more.

Read more featured stories.

Safety

Safety Task Force approves 12 proposals for implementation

Plan for Commencement Weekend security measures

Last call: Safety Task Force idea submissions

Human Resources News

Medical coverage transparency in coverage rule

Walk this Way Step Challenge: My Wellness points and weekly giveaway available

Marquette University 2022 One-Time Employee Payment Information and FAQ

Research

Shattering the glass frog ceiling

Marquette faculty and staff grants from April 2022

Three faculty members earn prestigious Fulbright Scholar awards for international research

Awards & Accomplishments

School of Dentistry researcher receives $1.45 million NIH grant to study effects of aging on oral health

Marquette receives two global CASE Circle of Excellence awards for video marketing collateral

Angela Schultz receives E. Michael McCann Public Service Award

Marquette UniversityCopyright 2022 by Marquette University
MARQUETTE.EDU // CONTACTS // A TO Z