4:28 p.m., March 16, 2011----Attendees had positive comments on last week's financial planning and College Savings Plan seminars, presented by the Office of Human Resources and co-sponsored by TIAA-CREF and Fidelity.

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More than 374 faculty and staff attended one or more of the programs, according to Jennifer (JJ) Davis, vice president for finance and administration. “The programs were very well-received and provided an opportunity for employees to learn more about investment options and retirement planning, and interact directly with our vendors.”

The new College Savings Plan allows employees to save toward the cost of college expenses. Earnings from the plan are not subject to federal tax and, in most cases, state tax, so long as withdrawals are used for eligible college expenses.

Additional information about the 529 Colleges Savings Plan is available at the Benefits website.

Linda Carey, director of Housing Assignment Services, who attended one of the programs, said, “Employees were given the tools to develop a financial plan with help from the Office of Human Resources, as well as TIAA/CREF and Fidelity. The information about allocation of retirement funds and Social Security gave me more perspective and options to consider.”

Those who missed last week's programs, can go online at [http://www.udel.edu/EmployeeTraining/podcast.html] to view recordings of the programs.

For UD employees who participate in the State Pension Plan, a recording of that program will be available at [http://www.udel.edu/EmployeeTraining/podcast.html].

In addition, the University continues to provide one-on-one investment/retirement savings counseling sessions with vendors who are on campus each month. To schedule an appointment, please call Fidelity Investments at 800-642-7131 and/or TIAA-CREF at 800-842-2010.