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Category: Financial Health

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Categorized as Financial Health, Retirement Savings

One Move That May Improve Your 401(k) Returns in 2025

If you’re looking to improve your 401(k) performance in 2025, there is an often-overlooked strategy that may help.  It’s called rebalancing. And failing to rebalance your portfolio could mean losing more than necessary in down markets or not maximizing gains in strong ones. Yet, many 401(k) investors often fail to rebalance, and, in doing so,… Continue reading One Move That May Improve Your 401(k) Returns in 2025

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Categorized as Financial Health, Retirement Savings

Worried about the Market? Here’s What You Need to Know

When markets drop, it can be easy to panic.  But history shows that staying invested through downturns can often be the smartest move. In this special market update, we break down what’s happening right now – and why sometimes doing nothing may be the best strategy. What’s Going on in the Market We’re seeing corrective… Continue reading Worried about the Market? Here’s What You Need to Know

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Categorized as 401(k) Mistakes, Financial Health, Retirement Tips

How to Avoid 401(k) Withdrawal Penalties

401(k) plans are designed to help in retirement, but if you don’t follow the rules, you may find yourself facing 401(k) withdrawal penalties. This is because the purpose of a 401(k) plan is to provide money following retirement from employment – not function as a general savings account. If you are unaware of 401(k) withdrawal… Continue reading How to Avoid 401(k) Withdrawal Penalties

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Categorized as Financial Health

How a 401(k) Loan Could Derail Your Retirement Goals

It is becoming more popular to take a 401(k) loan.  A December 2023 report found “more retirement savers have taken loans from their 401(k) accounts over the past year, suggesting that U.S. households are borrowing more readily as they feel the pinch of inflation.”¹ David Blanchett, a certified financial planner and head of retirement research… Continue reading How a 401(k) Loan Could Derail Your Retirement Goals

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Categorized as Financial Health

Why It Might Be Time for a Spending Break

America, it may be time to hit pause on spending. Even if just for a little while.  The statistics from Clever speak volumes: Nearly three-quarters of Americans (71%) have regrets about their spending, and a majority of Americans (55%) say they spend recklessly. 78% of Americans make purchases they immediately regret. 38% of Americans say… Continue reading Why It Might Be Time for a Spending Break

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Categorized as 401(k) Mistakes, Financial Health

5 Things to Consider with Your 401(k) When You Change Jobs

In today’s dynamic job market, it’s not uncommon for people to change jobs several times throughout their careers.  With each job transition comes a new set of considerations, especially when it comes to your 401(k). So, what do you do with your 401(k) when you change jobs? If you have been taking advantage of your… Continue reading 5 Things to Consider with Your 401(k) When You Change Jobs