1. Life After College

2. So you’ve graduated college. Now what? 0 Time to see a return on your investment and get a job. 0 Beginning in your Freshman year of college: 0 Start creating your resume 0 Attend Job Fairs and Career Days 0 Apply and Interview for Internships 0 Begin building relationship (networking) 0 Think about where you would like to work 0 Location, Industries, Companies

3. Job Considerations  What types of factors should you consider when looking for a job? 1. Passion Are you doing what you love? Does your work inspire you? Do you find meaning and purpose in what you do? Dollars may buy your time, but you control whether you put your heart into it or not.

4. Job Considerations  What types of factors should you consider when looking for a job? 2.Career Advancement Where do you see the company in 3 years, 5 years, 10 years? Where do you see yourself fitting in the company over that same time period? How would your responsibilities grow as you do? What type of training programs do they have?

5. Job Considerations  What types of factors should you consider when looking for a job? 3.Wage or Salary How much are you being paid for what you do? Hourly Wage or Annual Salary How does this compare to similar positions elsewhere? How often is this reviewed? Are there Cost of Living Adjustments (COLA)?

6. Job Considerations  What types of factors should you consider when looking for a job? 4.Fringe Benefits What additional benefits will you earn along with your salary? Paid Time Off – Vacation, Sick, and Holiday Insurance – Health, Vision, Dental, Disability, Life Retirement – 401(k), 403(b), SIMPLE IRA, Pension

7. Job Considerations  401(k) Retirement Plan A Retirement Plan set up by a “for profit” company for it’s employees The employees can make contributions to their account and receive tax benefits The employer can also make contributions to the employees account (called a Match or Profit Sharing) This money is invested and then available for the employee to use in retirement.

8. 401(k) Plans Contributions:Withdrawals: * Distribution must be made after attaining age 59 ½ to avoid penalty, some exceptions apply.

9. Job Considerations  403(b) Retirement Plan A Retirement Plan set up by a “not for profit” company for it’s employees The employees can make contributions to their account and receive tax benefits The employer can also make contributions to the employees account (called a Match) This money is invested and then available for the employee to use in retirement.

10. Job Considerations  SIMPLE IRA Retirement Plan A Retirement Plan set up by a small business for it’s employees The employees can make contributions to their account and receive tax benefits The employer must also make contributions to the employees account (called a Match) This money is invested and then available for the employee to use in retirement.

11. Job Considerations  Pension A Retirement Plan set up by a business for it’s employees The employer contributes money to an account for the employees The employer then promises to pay the employee as set amount in retirement for the rest of their life These retirement plans are very rare and will likely be extinct in a few years