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Published May 20, 2024

Budget-Friendly Summer Fun: 20 Free or Low-Cost Family Activities

It’s easy to see why people are searching for free or inexpensive things for families to do this summer – summer isn’t cheap! Mass Mutual reports, “Nearly half of Americans plan to travel this summer – a ten-point increase over last year – but an astounding 36% say they cannot afford to.”¹ As a result,… Continue reading Budget-Friendly Summer Fun: 20 Free or Low-Cost Family Activities

Published May 13, 2024

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How to Become a 401(k) Millionaire

More Americans are entering the 401(k) millionaire club. In fact, 422,000 retirement savers are now labeled 401(k) millionaires¹. It’s not a surprise we are seeing a rise in questions about how to become a 401(k) millionaire. If you’ve been wondering how to make it happen, you’ve come to the right place. Becoming a 401(k) millionaire… Continue reading How to Become a 401(k) Millionaire

Published May 6, 2024

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Why Decreasing 401(k) Contributions Is a Bad Idea

A recent survey revealed that 24% of respondents are thinking about decreasing 401(k) contributions to free up more money.¹ We get it. Times are hard for some people right now. If you are stressed about your finances, you are not the only one. Consider these findings from Empower’s 2024 Money Plans and Goals Survey: 70%… Continue reading Why Decreasing 401(k) Contributions Is a Bad Idea

Published April 29, 2024

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6 Questions Every 401(k) Investor Needs to Ask ASAP

If you’ve taken a new job, chances are you were automatically enrolled into a new 401(k), handed a welcome packet, and then left wondering what to do. The problem is that 63% of Americans don’t understand how a 401(k) plan works.¹ Here’s the deal: If you’re already contributing money from each paycheck to a new… Continue reading 6 Questions Every 401(k) Investor Needs to Ask ASAP

Published April 22, 2024

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401(k) Rollover Mistakes to Avoid

Whether you’ve lost your job or plan on changing jobs in the near future, there are common 401(k) rollover mistakes you need to be aware of. Ignore these, and a rollover could take a chunk out of your retirement savings, trigger a big tax bill, and impact the quality of your retirement. Keep reading for… Continue reading 401(k) Rollover Mistakes to Avoid

Published April 15, 2024

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8 Gift Ideas That Set Graduates Up for Financial Success

Graduation season is upon us. If you don’t have a gift for your grad yet, may we suggest something better than a gift card or cash? It doesn’t matter if they are graduating high school or college – young adults need financial help. A recent report from the Pew Research Center claims, “Fewer than half… Continue reading 8 Gift Ideas That Set Graduates Up for Financial Success

Published April 8, 2024

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5 Perks of Saving for Retirement in a 401(k)

Saving for retirement is essential, and a 401(k) plan can be an effective way to have a comfortable retirement. Yet, according to a 2023 survey, 4 in 10 workers with a 401(k) don’t contribute.¹ If you are hesitant to set aside a bit or more of your paycheck for your retirement, consider these 5 perks… Continue reading 5 Perks of Saving for Retirement in a 401(k)

Published April 1, 2024

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3 Personal Money Moves for Q2

No two people spend or save the same way. What works for you may not work for someone else. But there are tried-and-true ways to save more and build wealth for retirement. Use the following 3 personal money moves to guide your financial decisions in Q2, and your checking account, savings account, and retirement account… Continue reading 3 Personal Money Moves for Q2

Published March 26, 2024

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401(k) Early Withdrawals May Cost You More Than You Think

Americans are taking early withdrawals from their 401(k)s at record rates “across different ages and income levels.”¹ According to Capitalize, “Half of Americans have made early withdrawals from retirement savings. […] These withdrawals will cost Americans $6.12 billion in penalties to the IRS in 2023.”² A separate report from Bank of America found “the number… Continue reading 401(k) Early Withdrawals May Cost You More Than You Think

Published March 18, 2024

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Should I Consider the Roth 401(k)?

The Roth 401(k) is gaining in popularity due to employers offering it inside their plans and also thanks to provisions in the Secure Act 2.0 that only pertain to the Roth option. The question is, is it right for everyone? Read on to see if the Roth 401(k) is the right choice for you. How… Continue reading Should I Consider the Roth 401(k)?

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Category: Uncategorized

Budget-Friendly Summer Fun: 20 Free or Low-Cost Family Activities

How to Become a 401(k) Millionaire

Why Decreasing 401(k) Contributions Is a Bad Idea

6 Questions Every 401(k) Investor Needs to Ask ASAP

401(k) Rollover Mistakes to Avoid

8 Gift Ideas That Set Graduates Up for Financial Success

5 Perks of Saving for Retirement in a 401(k)

3 Personal Money Moves for Q2

401(k) Early Withdrawals May Cost You More Than You Think

Should I Consider the Roth 401(k)?