Retirement Information Additional Resources

ADDITIONAL RESOURCES

Fidelity

To obtain a loan from Fidelity, call Fidelity to obtain forms at 1-800-544-4774.

If you are married, you must include spousal approval/signature. If your spouse is not known personally to HR or is not a college employee, their signature must be notarized. This can be done without cost at the La Cumbre Fidelity office or at your bank for a fee. 

When the Fidelity Loan forms are complete, contact HR at 805-565-6101 to advise them that you need a signature for your request. Once HR has signed the forms, they will return them to you so that you may forward them to Fidelity. Fidelity has a quick turnaround as long as the documents are 100% complete when they are received.

TIAA-CREF

Loan requests can be made by participants via their TIAA-CREF personal online account.  Just login, go to “manage my account” then “request a loan”.  Or if you have questions or would like a paper application,  call TIAA at 1-800-842-2776 (M-F 5am-7pm PT, Sat 6am-3pm PT)

If you are married, you must obtain your spousal signature/approval and have that notarized. (If the spouse is a college employee or known to HR personally, this may be waived. Contact HR to discuss and make an appointment).Once you have completed loan forms (including notarized spousal signatures for married participants) submit them to TIAA for processing. Fax to 1-800-842-5916

Calculators and Financial Planning Information

Preparing For Retirement

SOCIAL SECURITY

MEDICARE

COLLEGE INSURANCE BENEFITS

For the purposes of this benefit, a retiree is a former regular employee, age 62 or more, with at least 10 consecutive years of service at the time of separation from employment.  See the employee handbook for a description of this benefit.

PLANNING GUIDES

EMPLOYEE ASSISTANCE PROGRAM (EAP)

Visit the Retirement Resource Center at www.mylifevalues.com under the “Life” tab.  They have articles available, such as “Money saving tips for the retirement years,” “Medicare: an overview,” and “Social Security benefits.”  To access the page you will need the login: Westmont College and password: eap

WEB ARTICLES

BOOKS TO READ

  • The Retirements Maze: What You Should Know Before and After You Retire by Robert Pascale examines common retirement issues such as loss of identity, deterioration of relationships, and feelings of disconnectedness from the work and proposes corresponding solutions.
  • The Third Chapter: Risk, Passion, and Adventure in the 25 Years After 50 by Sara Lawrence-Lightfoot discusses sociological case examples in which “The Third Chapter” is actually the most transformative and generative period in one’s life.
  • Can I Retire? by Mike Piper answers – how much money will you need to retire and what financial choices should you make?
  • Money for Life by Steve Vernon shows you how to transform funds into a steady paycheck for the rest of your life.  Discusses longevity protection, inflation protection, the potential for financial legacy and reducing risk.
  • How to Retire Happy by Stan Hinden takes you through 12 critical decisions, from determining whether you are ready for retirement to how you can age successfully.