Financial Well-being

Marsh Mclennan Agency (MMA)

To help you make decisions about your financial planning and retirement investments, JHU partners with Marsh McLennan Agency (MMA), an independent investment advisor.

• MMA’s Prosper Wise is a digital platform and one-stop hub for all things financial planning including budgeting, managing debt, creating an emergency fund, saving for goals, helpful habits, paying for school, and more. Through Prosper Wise, you can access educational videos and courses, live and on-demand webinars, news articles, financial calculators and more. Click here to sign up for your financial well-being account with MMA Prosper Wise.
• Schedule a consultation to speak to a financial professional from Marsh McLennan Agency (MMA) regarding any questions that are specific to your individual financial needs. Consultations can be scheduled up to 30 days in advance with appointment times ranging from 15 to 25 minutes. Various financial topics can be discussed including: your employer retirement plan, general investment questions, social security, debt & budgeting, employee benefits & insurance, tools available on the Prosper Wise site, and pre-retirement planning. Meetings are conducted virtually through Zoom at a date & time that is convenient for you. MMA is available to assist Monday through Friday from 9am-5pm EST.

Saving for Retirement

We offer several different retirement plans, depending upon your job classification and hire date. Current employees can make retirement savings elections at any time through the Retirement Plans Enrollment Portal. The 403(b) plan lets you save for your future with pre-tax dollars.

• Explore the education and learning site provided by TIAA, our 403(b) retirement plan vendor. The site gives you an overview of investing basics and retirement planning, including information about asset allocation, Social Security, and other retirement essentials.
• Meet with a TIAA financial consultant to receive personalized advice on the retirement plans’ investment menus from TIAA. When you meet with a TIAA financial consultant, you’ll get answers to questions about savings, investment strategy, and getting on track to meet your retirement goals. Advice and education are available as part of the Johns Hopkins University retirement plan at no additional cost. Schedule a virtual financial counseling session, or call 800-732-8353, weekdays, 8 a.m. to 8 p.m. ET.

Learn About Our Plans

Planning for Retirement

Get details on retirement eligibility, what happens to your benefits when you retire, and the cost of health care in retirement. Register for JHU’s free one-day pre-retirement seminar or our annual pre-retirement webinar seminars for a deeper understanding of our benefits, legal and financial planning, and other important aspects of retired life.

Planning for Retirement

Financial Benefits at JHU

Discounts can help you save on a host of products and services like new and used cars, hotel rooms, restaurants, car rentals, and tickets to your favorite theme parks, and more. Additional savings are available through a community solar energy program and JH Libraries.

Family and Caregiving Programs offer several caregiving subsidies to help make child and elder care more affordable.

Flexible Spending Accounts for Health Care and Dependent Care help you save money by allowing you to deduct tax-free dollars from your pay to cover eligible health and dependent care expenses.

Live Near Your Work offers grants of up to $17,000 toward a down payment and closing costs associated with buying a house in designated Baltimore City neighborhoods.

Tuition Assistance is available for employees, dependent children, spouses and domestic partners.

Voluntary Benefits can help you save money and prepare for life’s unexpected challenges through a variety of voluntary insurance packages and plans.

Financial Well-being Webinars

Click here to watch on-demand financial well-being webinars held by MMA over the past year.

You can view and register for upcoming webinars offered by TIAA here.

Review the Financial Decision Support and Advice page, where you can also find additional on-demand webinars.