Financial Planning

Senior Faculty Transitions

The importance of personal financial planning cannot be overemphasized. The 2007 Senior Faculty Transitions Task Force survey of all faculty revealed that 33% of the regular active faculty respondents had not yet done any financial planning for retirement. This group included 42% of the respondents aged 55-59, 29% of those aged 60-64, and 27% of those aged 65-69.  We hope that all faculty will avail themselves of these opportunities to understand their financial circumstances and plan for their futures.

Stanford University offers several opportunities for personal financial planning.  For instance, each member of the professorial faculty (Academic Council and Medical Center Line faculty) is eligible for a one-time reimbursement of up to $1000 from the Office of the Provost for financial planning. For further information, contact the Faculty Affairs Office. Stanford Benefits also offers a selection of financial planning seminars (PDF).

In addition, the investment companies that participate in the Stanford Contributory Retirement Plan (SCRP) periodically offer complimentary individual consultation regarding your retirement accounts. These meetings can be held on campus or via phone. They also offer on-line planning tools, which are accessed through their web sites.

Information & Tools You Can Use

Information about these and other financial planning resources:

Senior Faculty Transitions