Last year was a bumpy ride for the market, and many investors are rattled. We’ve talked before about how the market goes up 80% of the time. But this also means it goes down 20% of the time. And that’s where we are now. So, what should you – the 401(k) investor – do right… Continue reading What 401(k) Investors Need to Know: Market Update for Q1
Social Security benefits in 2023 will see the highest increase in 40 years, but will it be enough to cover the real cost of retirement? In 2023, there will be an 8.7% increase for COLA (Cost-of-Living Adjustment), up from the 5.9% adjustment in 2022.¹ This amounts to a $146 increase in monthly Social Security benefits… Continue reading The Real Cost of Retirement: Are You Saving Enough?
The SECURE 2.0 Act, which was signed into law December 29, 2022, introduces major changes to the retirement system and how you save for retirement. The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 builds on the SECURE Act of 2019. Both aimed to help strengthen Americans retirement savings and make saving accessible… Continue reading SECURE Act 2.0: How It Affects Your Retirement Savings
At the start of the new year, people are looking for ways to improve their lives. They may make resolutions to lose weight or stop smoking. These are great, but what about financial resolutions? The point of making a resolution is to improve behaviors and better one’s life. If you are shackled by debt, you… Continue reading 10 Financial Resolutions for Financial Freedom
Between market volatility and inflation, 2022 was a stressful year financially for many of us. So, it’s no surprise that readers were looking for 401(k) articles to help them understand what they should and should not do when it comes to their retirement savings. 401(k) balances fell, and it raised alarm bells for investors. However,… Continue reading 10 Most Popular 401(k) Articles of 2022
The holiday season is stressful, but you’ve still got time to rein in the crazy and enjoy a stress-free Christmas. Instead of rushing around and trying to create as many magical memories as possible, treat this day like the finish line. You’ve made it. You survived the hustle and bustle, and now it is time… Continue reading 10 Tips for a Stress-Free Christmas
There’s a lot of talk right now about professional 401(k) account management after the recent info on the Blooom shutdown – how it’s left investors in the dark. Professional 401(k) account management has been in the news lately with Blooom shutting down services effective November 2022. The direct-to-consumer retirement robo-adviser platform with more than… Continue reading Is Professional 401(k) Account Management Right for Me?
Planning for retirement includes taking into consideration taxes come retirement. And, to avoid a retirement tax bomb later on, many investors are opting for the 401(k) Roth provision. If your employer offers a Roth 401(k) provision, you can enroll in both the traditional 401(k) plan and take advantage of the Roth provision, which allows you… Continue reading Roth 401(k): Here’s What You Need to Know
There is always a big push to give back during the holiday season. And sometimes the pressure to do so can be overwhelming. You might be worried about not having enough extra time or money, but there are countless ways to give back this holiday season. This makes it easy to pick and choose what… Continue reading 25 Ways to Give Back This Holiday Season
Holiday burnout: We always say we won’t let it happen to us another year, yet every year, we find ourselves worn out. Holiday burnout is a real thing, with 1 in 3 Americans experiencing it by mid-December.¹ Consider the following results from a survey by JoyOrganics:² 88% of Americans feel the holiday season is the… Continue reading 10 Ways to Avoid Holiday Burnout
