IRAs are a great way to save-
And with automatic payroll deductions, it couldn't be easier


All Dickinson College employees are eligible for IRA deductions through payroll deduction. Classic or Roth IRA's may enable you to put aside up to $5,000 ($6,000 if age 50+) a year for the future. Both IRA's are offered through TIAA-CREF and their strong family of investment options. They can be used in addition to your 403(b) retirement plan with the College to supercharge your retirement investing.

Classic IRA's offer tax-deferred investment earnings and penalty-free early withdrawals for the qualified purchase of a first home or to pay for qualified college expenses. Additionally, some or all of the annual contributions may produce a current year tax deduction. Income levels determine your deductibility. Be sure to check with your tax advisor or the TIAA-CREF Website.

Roth IRA's are a type of tax-favored arrangement for a single filer earning less than $116,000 ($169,000 for those filing jointly). With a Roth IRA you can contribute up to $5,000 ($6,000 if age 50+) a year, after taxes, and there is no maximum age for contributing and no mandatory withdrawals at age 70 ½. If your Roth IRA has been in place for at least five years, you are eligible for tax-free withdrawals of both contributions and earnings after age 59 ½ and penalty-free early withdrawals for the qualified purchase of a first new home.

Start Now – It’s Easy

All you need to do to get started is to call TIAA-CREF at 800-842-2776 and request an IRA kit, complete the application and return it to TIAA-CREF. Then go to Human Resource Services and fill out a payroll authorization form. It is vital that you complete the authorization form because the College cannot make the deductions until you complete and sign the authorization form. Don’t delay, call today: 800-842-2776. You may also submit requests for IRA forms via TIAA-CREF’s website. Don’t forget to submit your authorization form to Human Resource Services, in order for your deductions to begin.

If you have any questions please do not hesitate to contact Human Resource Services at x1503 or e-mail hrservices@dickinson.edu.