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Category: Financial Health

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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

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Categorized as Financial Health

National Public Data Breach: What You Need to Know

In the ever-evolving landscape of data security, the recent and alarming cyber crisis has left millions of Americans reeling.  This particular data breach included PII (personal identifiable information), including Social Security numbers of almost 3 billion people. In response to this data breach, New York Rep. Ritchie Torres said: “When it comes to cyberspace, there… Continue reading National Public Data Breach: What You Need to Know

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Categorized as 401(k) Mistakes, Financial Health

Why Early 401(k) Withdrawals May Derail Your Retirement

Early 401(k) withdrawals are soaring. According to the Vanguard Group, “A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in order to cover a financial hardship amid the ongoing inflation crisis.”¹ Approximately 3.6% of workers participating in employer-sponsored 401(k) plans made early 401(k) withdrawals in 2023, higher than the 2.8%… Continue reading Why Early 401(k) Withdrawals May Derail Your Retirement

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Categorized as Financial Health, Retirement Mistakes

Help Yourself First Before Helping Kids Financially

It is natural for a parent to want to help their children financially, but helping kids financially isn’t always the best decision. You may end up hurting them more than helping them – especially if you dip into your retirement savings. While it is understandable to want to help, the amount of financial help adult… Continue reading Help Yourself First Before Helping Kids Financially

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Categorized as Financial Health, Retirement Savings

What Investors Need to Know for the Second Half of 2024

Despite a brief 6% correction in the latter part of the first quarter, the stock market has shown resilience and growth in the first half of 2024. Keep reading for factors contributing to this and what you need to know. Federal Reserve’s Stance on Interest Rates The market’s performance has been driven by the anticipation… Continue reading What Investors Need to Know for the Second Half of 2024

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Categorized as Financial Health

Third Quarter Finance Tips to Turn Things Around

In mid-2024, Americans are still facing high inflation and high interest rates.  And they are saving less and spending less.  According to data from the Commerce Department, “The personal saving rate, the share of income that Americans are squirreling away, was 3.8% in January, well below the recent peak of 5.3% last May and the… Continue reading Third Quarter Finance Tips to Turn Things Around

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Categorized as Financial Health

Is Your 401(k) at Risk from Cyberattacks?

You’ve worked hard to build up your savings to ensure you have a comfortable retirement. What if cybercriminals stole from your 401(k)? Sadly, it’s happening, and experts are fearful it may happen more frequently with retirement accounts – with some even referring to the risk as “a sleeping giant.”¹ While most of the time it’s… Continue reading Is Your 401(k) at Risk from Cyberattacks?

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Categorized as Financial Health

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