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Category: General Blog

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Women Are Out-Saving Men for Retirement – So Why Do They Retire With Less?

Women are often more consistent retirement savers than men, according to Vanguard’s How America Saves 2026 report. They participate in 401(k) plans at higher rates and frequently save a larger percentage of income. Despite these stronger savings habits, lower earnings and career interruptions continue to drive the women’s retirement savings gap, which can result in… Continue reading Women Are Out-Saving Men for Retirement – So Why Do They Retire With Less?

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Thinking about Pausing Your 401(k)? Read This First

Thinking about pausing your 401(k) contributions? While it may seem like a quick way to free up cash, even a temporary pause may reduce compound growth, eliminate employer matching contributions, and make it harder to reach your retirement goals. Before making a change, here’s what you need to know.   Key Takeaways Pausing 401(k) contributions… Continue reading Thinking about Pausing Your 401(k)? Read This First

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How Much Will Healthcare Cost You in Retirement?

Healthcare may be one of the largest expenses you’ll face in retirement. According to Fidelity, a 65-year-old retiring today may spend an average of $172,500 on healthcare costs throughout retirement, and that estimate does not include long-term care. Understanding what Medicare covers, what it doesn’t, and how these expenses fit into your retirement plan may… Continue reading How Much Will Healthcare Cost You in Retirement?

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How to Stay Calm When Market Volatility Hits Your 401(k)

Wondering what to do with your 401(k) during market volatility? While market downturns can be unsettling, panic selling, stopping contributions, and taking early withdrawals often cause more damage to retirement savings than the decline itself.   Key Takeaways The average 401(k) balance fell during the first quarter of 2026, but markets have since recovered those… Continue reading How to Stay Calm When Market Volatility Hits Your 401(k)

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Retirement Fears Americans Face in 2026

Retirement anxiety is rising in 2026 as Americans worry about inflation, healthcare costs, Social Security uncertainty, market volatility, and running out of money. Studies show many workers feel behind on retirement savings and unsure about their financial future. This article explains some of the biggest retirement fears Americans face and practical ways to prepare financially… Continue reading Retirement Fears Americans Face in 2026

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16 Fun Ways to Teach Kids Financial Literacy This Summer

Teaching kids financial literacy doesn’t have to be complicated. Summer can be the perfect time to teach children and teens real-world money skills through allowances, chores, summer jobs, grocery shopping, and vacation budgets. This guide shares 16 practical ways parents can help kids learn budgeting, saving, spending, and financial responsibility that can last a lifetime.… Continue reading 16 Fun Ways to Teach Kids Financial Literacy This Summer

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5 Biggest Benefits of a 401(k)

A 401(k) offers several powerful retirement benefits, including tax advantages, employer matching contributions, catch-up contributions, and long-term investment growth. Understanding these benefits of a 401(k) may help you make smarter decisions with every dollar you save.   Why Is a 401(k) Important for Retirement Savings? A 401(k) is one of the most powerful retirement savings… Continue reading 5 Biggest Benefits of a 401(k)

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401(k) Withdrawal Rules: How to Avoid Costly Penalties

401(k) withdrawal rules determine when you can access your money and what it will cost you. While you can typically withdraw penalty-free after age 59½, earlier withdrawals may trigger taxes and penalties, unless you qualify for exceptions. Understanding these rules can help you avoid costly mistakes.   Key Takeaways Most 401(k) withdrawals before age 59½… Continue reading 401(k) Withdrawal Rules: How to Avoid Costly Penalties