Your University of Central Missouri Benefits & Career: Financial Planning for Faculty and Staff

Are you employed by the University of Central Missouri? Get the resources you need and expert insights from financial professionals who specialize in helping University of Central Missouri faculty and staff make the most of their compensation package and benefits.

Whether you’re a University of Central Missouri faculty member or you’ve moved up the ranks in an administrative role over a multi-year career, it’s important to make smart money moves with your income and employee benefits. For example:

✅ Do you know the right moves to make to get the greatest value from the University of Central Missouri benefits available to you?

✅If you’re thinking about leaving University of Central Missouri for another job or planning to retire from the school in a few years, are you taking the right steps today to ensure you will receive all of the compensation and benefits that you’ve earned?

Get the Most Value from Your University of Central Missouri Benefits and Compensation Package

Throughout the year, University of Central Missouri provides its faculty and staff with updates about their benefits ranging from health insurance and health savings plans to retirement plans. While the school offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with University of Central Missouri who specialize in helping University of Central Missouri employees make the most of their income and benefits.

Whether you work at the University of Central Missouri campus in Warrensburg, Missouri, another location around the state, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.

For example, sensitive topics like discussing the steps you should take before quitting your job at University of Central Missouri to work elsewhere or deciding when you should plan to retire are all conversations that may be more comfortable with a trusted financial advisor.

💡 In the Q&A below, you’ll gain insights from financial advisors who work with University of Central Missouri employees to help them make smart decisions to get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.

🙋‍♀️ Do you have questions not yet answered? Use the form below to submit questions anonymously and watch this article for updates with answers to your questions. You can also reach out to the financial advisors below to set up an introductory call or contact them with your questions by email.

💸 Smart Money Insights for University of Central Missouri Faculty & Staff

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

1. Q&A: Financial Planning Tips for University of Central Missouri Faculty & Staff
2. Get Answers to Your Questions About Your University of Central Missouri Benefits and Career
3. Browse Related Articles

Q&A: Financial Planning Tips for University of Central Missouri Faculty & Staff

Answers to Employee Questions with Aaron Sloan, MBA, ChFC®

Aaron Sloan is a financial advisor based in Harrisonville, Missouri who specializes in offering financial planning services to University of Central Missouri employees. Aaron helps his clients get the most value from their University of Central Missouri benefits and compensation package so they can enjoy life and feel confident about their financial future.

Q: As a financial advisor with experience helping University of Central Missouri faculty and staff save for their retirement, how do you help them make the most of their employee benefits?

Aaron: We make the most of your UCM employee benefits by coordinating your individual retirement savings plans with your MOSERS pension benefits. Proper planning can help create flexibility to choose the option that best maximizes your MOSERS payout in retirement.

Q: When you first speak with a University of Central Missouri employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?

Aaron: Questions I like to ask:

• What other Universities have you worked for previously?
• Have you worked for any Universities outside of Missouri?
• Based on when you were first employed by a qualifying University, are you under MSEP, MSEP 2000, or MSEP 2011?
• Have you contributed to a 457 plan or 403(b) plan?

Q: Is there a particular benefit available to University of Central Missouri faculty and staff you feel isn’t as well utilized or understood by employees as it should be?

Aaron: MOSERS can be pretty confusing for some employees. Eligibility for retirement, payout amount, payout options, and BackDROP each act differently depending on an individual employee’s situation. Each employee’s situation and pension can be maximized by having a financial plan in place that works alongside this retirement benefit.

Q: Beyond University of Central Missouri employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients?

Aaron: UCM’s Educational Development Program can be impactful both for an employee who wants to continue their education, or for an employee’s dependents. Higher education costs continue to rise. This benefit offers an opportunity to reduce or even completely remove those costs for employees and their family.

Q: For University of Central Missouri employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?

Aaron: Review your current eligibility for MOSERS. If you are moving to a new University, will your service years continue to accrue for MOSERS. If the University is outside of Missouri, does that state have it’s own pension that needs to be reviewed?

Q: For University of Central Missouri employees approaching retirement age, how do you recommend they prepare to make the transition from living off their salary to relying upon other sources of income?

Aaron: Have flexibility in “where” retirement income comes from. Don’t rely only on your MOSERS pension. Maximize your payout by building a financial plan that creates more flexibility for you, your spouse, your family, and your heirs. We also may need to review options for BackDROP, if you qualify, to see if it makes sense to take a lump sum in addition to starting your income.

Q: For University of Central Missouri employees who have managed their finances on their own to this point, what would you suggest they consider to help them decide if they should begin working with a financial advisor at this stage in their lives?

Aaron: My purpose as a financial planner is to take what you’re already doing and make it better. We need to create efficiency in your financial life. I’m here to answer questions, take some of the stress and uncertainty around money out of your financial life. Working with me can help you feel like a weight has been lifted off your shoulders, knowing you don’t have to go through your financial life all alone.

Q: What are some of the unique financial planning challenges you commonly see among your clients who are University of Central Missouri employees and how do you help them overcome these obstacles?

Aaron: Many are unclear or unsure of exactly what their retirement income will look like. We can estimate or review your retirement income and position assets to maximize your retirement life.

Q: Is there anything that comes up frequently in your initial meeting with University of Central Missouri employees that surprises you?

Aaron: I often see employees that have worked at other universities across the state line, on the Kansas side or that may be considering finishing out their careers in Kansas. The combination of MOSERS and KPERS together can be very powerful if we coordinate both pension benefits through the financial planning process.

Get to Know Aaron Sloan, Financial Advisor for University of Central Missouri Employees:

View Aaron’s profile page on Wealthtender or visit his website to learn more.

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