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Category: Retirement Tips

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Pay Off Debt or Contribute to a 401(k)?

March 27, 2023 In Retirement Savings, Retirement Tips With inflation not going down and interest rates rising, many Americans are wondering: Should I pay off debt or continue to contribute to my 401(k)? It’s not surprising American households are feeling pinched. NerdWallet reports, “In the past year, median household income has grown just 4%, while… Continue reading Pay Off Debt or Contribute to a 401(k)?

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New 401(k) Rules and Benefits for 2023

February 27, 2023 In Retirement Savings, Retirement Tips Big changes are coming to 401(k) benefits this year and the next few years. If you want to maximize your retirement savings and your retirement lifestyle, it’s critical you are aware of these changes.   The new 401(k) rules and benefits are a result of the Secure Act… Continue reading New 401(k) Rules and Benefits for 2023

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12 College Financial Planning Tips for Parents

February 13, 2023 In Retirement Savings, Retirement Tips Paying for college is expensive, which is why college financial planning should really begin as soon as each child is born. But, let’s be honest. Sometimes life gets in the way, and, before you know it, college is right around the corner, and you haven’t done as… Continue reading 12 College Financial Planning Tips for Parents

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The Real Cost of Retirement: Are You Saving Enough?

January 16, 2023 In Retirement Savings, Retirement Tips Social Security benefits in 2023 will see the highest increase in 40 years, but will it be enough to cover the real cost of retirement? In 2023, there will be an 8.7% increase for COLA (Cost-of-Living Adjustment), up from the 5.9% adjustment in 2022.¹   This amounts to… Continue reading The Real Cost of Retirement: Are You Saving Enough?

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SECURE Act 2.0: How It Affects Your Retirement Savings

January 9, 2023 In Retirement Savings, Retirement Tips The SECURE 2.0 Act, which was signed into law December 29, 2022, introduces major changes to the retirement system and how you save for retirement. The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 builds on the SECURE Act of 2019. Both aimed to help… Continue reading SECURE Act 2.0: How It Affects Your Retirement Savings

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10 Most Popular 401(k) Articles of 2022

December 26, 2022 In Financial Health, Retirement Tips Between market volatility and inflation, 2022 was a stressful year financially for many of us. So, it’s no surprise that readers were looking for 401(k) articles to help them understand what they should and should not do when it comes to their retirement savings. 401(k) balances fell,… Continue reading 10 Most Popular 401(k) Articles of 2022