Investing 101 for New Employees

Written By Scott Grissom, PhD, CFP®

Thanks to Dr. Emily Roberts for having me as a guest on her podcast, Personal Finance for PhDs. We had a great conversation about choices new PhD employees can make regarding retirement accounts, income taxes and health savings accounts. My number one piece of advice for new employees? Grab the company retirement match on day one. Otherwise, inertia sets in. If you tell yourself you will do it next month, or next year, you won’t 😊 Do your future self a huge favor and contribute as much as necessary to get the full company match from the start.

Scott Grissom, PhD, CFP®

I have been a college professor for almost 30 years and now I teach other professors how to graduate from academic freedom to financial freedom. Sure, investments are important. But it is just as important to minimize taxes, moderate personal debt, live below your means and use insurance wisely to prepare for the unexpected. Review my approach to financial advising and schedule a no obligation introductory call. We will discuss your financial worries, answer questions, and then you can decide if working together makes sense.

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5 Financial Tasks for Professors Summer 2024