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Prioritize Your Financial Wellbeing

Pursuing tenure can leave many faculty members hesitant to prioritize their financial well-being over safeguarding their intellectual property and career growth. This is true for many in academic and administrative roles, from Professors and Instructors to Librarians and IT Specialists. Our tailored approach aims to address these specific concerns, enabling faculty to protect their futures while focusing on what matters most to them.

Summit is Here

No matter your personal and professional goals, we’re here to help you reach them.

Non-tenured Faculty

Job Insecurity

Non-tenured faculty can face frequent contract renewals and struggle with long-term job security. As a result, their primary focus tends to be on career development rather than addressing their personal needs. Summit can help non-tenured faculty prioritize financial planning while maintaining focus on professional advancement.

Emergency Savings

Non-tenured faculty often experience uncertainty due to potential unemployment between contracts or departmental layoffs. Developing a comprehensive financial plan can be crucial in covering these periods of instability. Summit Retirement Advisors design tailored strategies to help prepare for financial stability through unexpected job transitions.

Income Variability

These individuals often receive inconsistent or lower salaries compared to their tenured counterparts, making long-term financial planning difficult. At Summit Retirement Advisors, we create personalized financial strategies to help non-tenured faculty anticipate income fluctuations while building a stable foundation.

Retirement Planning

Non-tenured faculty regularly struggle with retirement planning due to variable income, which can make it difficult to increase or consistently contribute to retirement accounts. We provide customized planning solutions to help them strategically contribute and stay on track with their goals despite income fluctuations.

Tenure-track Faculty

Career Advancement

In our experience, tenure-track faculty often focus on career elevation, navigating the demanding path to tenure with its publishing, teaching, and service requirements. This focus can leave little energy to consider personal financial security. We offer comprehensive financial planning to help balance career aspirations with financial well-being.

Comprehensive Financial Planning

Tenure-track faculty typically encounter significant life events, such as starting a family or purchasing a home. These challenges are especially relevant for those early in their careers. We can provide comprehensive financial planning to guide them through milestones, helping to ensure they are well-prepared for the future.

Time Management

These individuals regularly struggle to balance research, teaching, and administrative duties, leaving little time for personal financial management. This tiresome schedule can make it challenging to focus on personal needs. We take financial management off their plate and allow them to focus on their more pressing responsibilities.

International + Global Presence

Many faculty members are foreign-born or hold dual citizenship, which presents challenging tax implications under U.S. and international laws. They also face difficulties integrating foreign pension plans and social security benefits with U.S.-based retirement accounts. Our team helps faculty manage these complexities and plan for international relocations before or after retirement.

Professional Academic Staff

Employer Benefits

Support staff may find it overwhelming to navigate and understand employment benefits, such as health insurance and retirement plan options. This complexity can lead to missed opportunities. Summit Retirement Advisors offers guidance to help staff understand their options, optimize their benefits, and make informed decisions for the future.

Financial Stress Reduction

Academic staff may struggle with creating comprehensive financial plans that address the big picture and all its details. Without a clear strategy, managing finances can become overwhelming. Summit Retirement Advisors offers personalized financial planning services to help professionals reduce stress and gain confidence.

Salary Negotiation

Academic professionals can greatly benefit from analyzing job offers and understanding the full value of compensation packages to ensure fair and equitable compensation. Summit Retirement Advisors provides guidance to help them evaluate offers and negotiate salaries effectively to help increase their financial potential.

Lack of Investment Experience

Limited investing experience can lead to uncertainty or poor choices in managing finances. Summit Retirement Advisors specializes in guiding and educating academic staff on investment strategies that most align with their needs and risk tolerance. Our approach helps ensure individuals are informed to make sound financial decisions.

How Summit Can Help

Align financial strategies with personal goals to prevent resource misallocation and missed opportunities.
Comprehensive management strives to ensure all financial areas are covered.
Tax-efficient investment planning can prevent overpayment, reduce penalties, and optimize disposable income.

Properly managed education funds help avoid high-interest loans and prevent the depletion of other savings.
Informed clients can make educated financial decisions, avoid common mistakes, and feel more comfortable with finances.

Plan a Financial Future with Confidence

Your work is profoundly important. So are your financial goals. Let’s discuss yours.

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Disclosure

By submitting my contact information with this form, I hereby give Summit Retirement Advisors consent to contact me via email, telephone, and/or text (SMS) message. I understand that standard text messaging rates may apply according to my service plan, and I can opt out of receiving text messages at any time by replying "STOP".