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Category: Financial Health

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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

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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

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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

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Categorized as 401(k) Mistakes, Financial Health

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

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Categorized as Financial Health, Retirement Tips

How the 401(k) Match for Student Loans Works

Choosing between paying off student loans and saving for retirement is a reality for many Americans. But that’s about to change. A provision in the Secure Act 2.0 permits employers to consider student loan payments as qualifying contributions toward retirement plans with the goal of enhancing retirement savings while paying off student loan debt. Keep… Continue reading How the 401(k) Match for Student Loans Works

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Are These 5 Bad Financial Habits Sabotaging Your Retirement Savings?

It’s no secret that many Americans struggle to save for retirement. The hard truth is that this is often due to bad financial habits. Consider the fact that Americans’ credit card balances have gone up 40% over the last 2 years with overall card balances totaling $1.08 trillion.¹ Now, some of this debt is understandable,… Continue reading Are These 5 Bad Financial Habits Sabotaging Your Retirement Savings?

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Categorized as Financial Health, Retirement Tips

10 Most Read 401(k) Maneuver Blogs of 2023

Years of economic hardships have sent many people online searching for helpful 401(k) articles. A 2003 Bankrate study found that “Americans are more than two times more likely to feel financially insecure than secure. Slightly more than 1 in 4 (28 percent) Americans say they are completely financially secure. That compares with the majority (72… Continue reading 10 Most Read 401(k) Maneuver Blogs of 2023