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Category: General Blog

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What Happens When People Stop Contributing to a 401(k)?

Given the uneasiness with the world and the economy, people have been asking more frequently if they should stop contributing to a 401(k). The short answer is no. History has shown that those who hang on and keep contributing, even during times of uncertainty, wind up with more money in the long run.  Unfortunately, many… Continue reading What Happens When People Stop Contributing to a 401(k)?

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What Happens to Your 401(k) after Divorce

Ending a marriage is hard enough on its own, but figuring out what happens to your 401(k) after divorce can make it even more complicated. This is because 401(k) accounts cannot simply be separated like other marital property.  Ben Storey, director, senior retirement product manager of Retirement Research & Insights at Bank of America, explains,… Continue reading What Happens to Your 401(k) after Divorce

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New Data Reveals the Shocking Cost of 401(k) Rollover Delays

If you’ve ever tried to roll over a 401(k), you know the process isn’t exactly seamless.  While much of the financial world has gone digital, rollovers are typically still stuck in the past with printed forms, mailed checks, and weeks-long waits. This isn’t just frustrating.  According to new research from PensionBee, it may be costing… Continue reading New Data Reveals the Shocking Cost of 401(k) Rollover Delays

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The Most Common 401(k) Questions Answered

Understanding your 401(k) isn’t just smart – it’s essential to safeguarding your retirement lifestyle. Whether you’re just getting started or looking to optimize your existing plan, it’s critical to ask the right questions so you’re not left in the dark about your investments. Below, we’ve outlined 5 of the most frequently asked 401(k) questions and… Continue reading The Most Common 401(k) Questions Answered

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The Real Cost of Summer Debt (and How You Can Avoid It)

Every year, Americans take on summer debt. According to NerdWallet’s 2024 summer travel survey, “Nearly half of Americans (45%) plan to take a trip that requires a flight or hotel stay this summer, and they’ll spend $3,594, on average, on these expenses. That’s over 118 million Americans spending a total of more than $424 billion… Continue reading The Real Cost of Summer Debt (and How You Can Avoid It)

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401(k) Catch-Up Strategies If You Started Saving Late

If your 401(k) balance is lagging behind where it should be, you may feel discouraged or even a little panicked.  But the truth is, we believe there’s still time to course-correct – if you take action now. According to the 2023 Protected Retirement Income and Planning (PRIP) study by the Alliance for Lifetime Income: 51%… Continue reading 401(k) Catch-Up Strategies If You Started Saving Late

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Your Partner Isn’t Saving for Retirement – Now What?

Saving for retirement is typically challenging enough when you’re doing it on your own, but what happens when your partner isn’t on the same page? Maybe they think saving for retirement can wait.  Maybe they believe Social Security will be enough.  Or maybe they’re simply overwhelmed and don’t know where to start. Whatever the reason,… Continue reading Your Partner Isn’t Saving for Retirement – Now What?

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More Parents Are Financially Supporting Adult Children: Why It’s a Problem

Supporting adult children comes at a high cost.  And an increasing number of parents are finding themselves doing just that. Here are some of the key findings of the 2025 Savings.com report: Half of parents with adult children provide regular financial assistance to their grown kids.  The average monthly support per adult child is $1,474,… Continue reading More Parents Are Financially Supporting Adult Children: Why It’s a Problem