Life doesn’t always go as planned. Unfortunately, this is something we see often when it comes to retirement. Something unexpected (or simply unplanned for) happens, and it derails your retirement goals. Let’s take some time today to talk about 5 things that may derail retirement goals and what to do if you find yourself facing… Continue reading 5 Things That Can Derail Your Retirement Goals
We’re halfway through 2025, which means now may be the ideal time to check in on retirement savings in Q3. Are you on track to meet your savings goals? Recent news reports suggest that Americans are continuing to contribute even though their personal 401(k) savings may have experienced a market loss. According to CNBC, “The… Continue reading 7 Tips to Elevate Retirement Savings in Q3
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)?
Celebrating 4th of July is a summer staple for most Americans, but it doesn’t come cheap. When you add it to already high summer spending, Independence Day can quietly drain your wallet. In fact, according to Capital One, Americans spent an estimated $15.5 billion on July 4th festivities in 2024.¹ The good news? You don’t… Continue reading 12 Tips for Celebrating 4th of July on a Budget
Borrowing from a 401(k) to start a business may seem like a fast way to fund your dream, especially if you’re short on startup capital. But before you dip into your retirement savings, we believe it’s important to understand what borrowing from a 401(k) to start a business really means for your long-term financial health. … Continue reading Borrowing from a 401(k) to Start a Business
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
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
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
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)
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
