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Category: Retirement Tips

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Categorized as Retirement Savings, Retirement Tips

Pre-Retiree Confidence Is Declining: How to Prepare Now

We feel retirement planning has never been more important, yet confidence in a secure financial future is shrinking. A March 2025 Fidelity Investments® State of Retirement Planning study reveals that while 7 in 10 of those currently in retirement feel stable, confidence in retirement outlook among pre-retirees has dropped by 7 percentage points from last… Continue reading Pre-Retiree Confidence Is Declining: How to Prepare Now

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Categorized as Retirement Savings, Retirement Tips

Think Social Security Will Cover Retirement? Think Again.

Many Americans mistakenly believe Social Security will be enough to fund their retirement – but reality paints a different picture.  Consider the most recent cost of living adjustment. The 2025 Social Security COLA increase is just 2.5%.¹ This minimal increase means “retired workers’ Social Security checks will grow by around $48 a month, going from… Continue reading Think Social Security Will Cover Retirement? Think Again.

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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 Retirement Savings, Retirement Tips

3 Major 401(k) Changes in 2025 You Need to Know

Retirement savers, take note – 2025 is bringing big changes to 401(k) plans.  That’s because the SECURE Act 2.0 introduces changes that could offer investors new opportunities to enhance their retirement savings. These updates aim to make saving for retirement more accessible and effective for 401(k) savers. Here’s a breakdown of the top 3 changes… Continue reading 3 Major 401(k) Changes in 2025 You Need to Know

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Categorized as 401(k) Mistakes, Retirement Savings, Retirement Tips

Are These 401(k) Myths Impacting Your Retirement Savings?

401(k) plans are a critical tool for many Americans striving to secure their retirement. These tax-advantaged accounts often represent a significant portion of an investor’s financial future. However, common misconceptions about 401(k) plans may hinder participants from optimizing their retirement savings. Sometimes, the beliefs we hold as facts can lead us astray. This applies to… Continue reading Are These 401(k) Myths Impacting Your Retirement Savings?

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Categorized as Retirement Savings, Retirement Tips, Uncategorized

How to Increase Retirement Savings in 2025

If you know you need to make some changes in order to increase retirement savings in 2025, then keep reading. We’ve compiled 9 potential changes you can make to your saving, spending, and investing habits that may increase retirement savings in 2025. Read on to learn more. The State of Retirement Savings According to the… Continue reading How to Increase Retirement Savings in 2025

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Categorized as Retirement Mistakes, Retirement Tips

2025 Retirement Savings Rules You Need to Know

The 2025 retirement savings rules may provide new opportunities for individuals to save more in their 401(k) plans.  This is due to the passing of SECURE Act 2.0 which passed in 2022, which many provisions set to take effect in 2025. Some of the new provisions may require employer implementation – and employers have discretion… Continue reading 2025 Retirement Savings Rules You Need to Know

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Categorized as Retirement Savings, Retirement Tips

2025’s Super Catch-Up 401(k) Contribution: What You Need to Know

If you’re between the ages of 60 and 63, 2025 marks a golden opportunity to supercharge your retirement savings.  Thanks to the SECURE 2.0 Act, the IRS is rolling out a special “super catch-up” 401(k) contribution limit, allowing eligible individuals to save significantly more than ever before. This new contribution limit is designed to give… Continue reading 2025’s Super Catch-Up 401(k) Contribution: What You Need to Know