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Retirement resources to plan and secure your future

With changes to contribution limits, now’s the time to review your Stanford Contributory Retirement Plan (SCRP) elections.

It’s that time of year when you can pause and think about the financial and retirement savings goals you want to achieve in 2025 and beyond. 

Your financial well-being is just as important as your physical and emotional health as it contributes to and affects other aspects of your well-being. Stanford has a variety of investment strategies and resources available to help you. 

Now is the perfect time to review your Stanford Contributory Retirement Plan (SCRP) elections and start or continue your financial planning journey.

New contribution limits for 2025

Effective Jan. 1, 2025, the IRS has increased the contribution limits for 2025 and introduced additional catch-up contributions for participants aged 60 to 63. As limits change annually, it is important to review your SCRP elections to confirm you are still on track to reach your retirement goals.

To change your contribution elections, log in to My Retirement Savings or call Fidelity directly at 888-793-8733.

Contribution changes are subject to payroll deadlines of the 10th and 25th of each month. If the 10th or 25th falls on a weekend or holiday, the deadline is the business day before. For example, if you make an election change on Jan. 22, 2025, that change will be reflected on your paycheck on Feb. 7, 2025. Refer to the 2025 SCRP payroll deadlines for additional information.

View the 2025 limits on Cardinal at Work

Investment options

Most people find the topic of retirement and investment options confusing. However, the SCRP’s four-tier line-up of investment options (target date funds, core funds — active and passively managed mutual funds — an annuity option, and a brokerage window) helps simplify your investment decisions.

Once you choose your investment options, it’s sometimes easy to set them and let them ride. However, it’s always a good practice to revisit your investment lineup annually and consult with Fidelity’s expert advisors for guidance on investment and distribution planning. 

For example, although Fidelity is our recordkeeper, you may invest some or all of your SCRP contributions in a wide range of investment funds, including the TIAA Traditional Fund. 

To update your investment option to a TIAA fund, you must update “retirement provider” by logging in to My Retirement Savings or calling Fidelity directly at 888-793-8733.

Meet with a financial advisor at no cost to you

Unsure of what investment options are right for you? Schedule a free financial counseling appointment through Fidelity. With certified financial planners, these meetings can span all financial goals beyond retirement planning, including budgeting, investment advice, and tax planning. Appointments are available through Zoom or in person on the Stanford campus, Stanford Redwood City, and SLAC. 

Schedule an appointment with a financial advisor on Cardinal at Work

Financial wellness webinars and workshops

To kick off the new year, take part in 31 Days of Financial Wellness with Fidelity throughout January, where each day focuses on a different aspect of financial wellness. Check out the calendar through Fidelity to explore topics that may be most relevant to you.

On Cardinal at Work, you can access a variety of free webinars hosted by Fidelity and Francis Financial, covering numerous financial topics. Also, consider registering for a Healthy Living webinar, “Take Control of Your Financial Life – Steps to Managing Money and Debt" on Feb. 26, presented in partnership with TIAA. 

Other resources to build a secure financial future 

Questions?

  • For assistance logging onto the My Retirement Savings website and to make election changes over the phone, you can reach a Fidelity representative for the SCRP plan by calling 888-793-8733.
  • If you have questions or need assistance regarding TIAA investments, you can reach a TIAA representative by calling 800-842-2776.
  • For all additional questions regarding the SCRP, call the University HR Service Team at 877-905-2985 or 650-736-2985, Monday- Friday, 8 a.m. to 5 p.m. PT, excluding holidays.

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