Understanding 401(k) contribution limits can be confusing even sometimes overwhelming. They are, however, essential to know. Below is a break down of important contribution limits that help employees determine whether their savings are on track or if there is an opportunity to catch up. The annual...

Plan Sponsors May Offer Emergency Savings Accounts to Employees Starting Next Year Emergency savings accounts within retirement plans are a relatively new concept that has not been widely studied yet. Recent research underscores the current emergency savings challenge and shines a light on the...

Generational Differences Toward Retirement Readiness Can Help Inform Your 2024 Education Strategy On average, American workers today expect to need $1.27 million to retire comfortably, up from $1.25 million in 2022, according to Northwestern Mutual’s 2023 Planning & Progress study. Those...

Your gut is not just where you digest your food. It’s also where you have trillions of tiny organisms that help you stay healthy, happy and smart. Here are some things you should know about your gut and how to make it stronger. What Is Gut Health? Gut health is all about the balance of...

For many people, retirement is not a time to slow down and stop. It’s a time to explore the next great chapters of your life and build upon everything you’ve learned and experienced so far. Another thing that doesn’t slow down or stop is taxes. Understanding how taxes could affect your future cash...

Credit card debt is a huge challenge for many people. According to Debt.org, Americans owe $986 billion on credit cards, surpassing the pre-pandemic high of $927 billion. While credit card debt is considered “bad debt,” it’s important to understand other types of debt and the important role it can...

Start your day off with water (and keep the drinks coming) When was the last time you reached for a glass of water first thing in the morning — instead of getting your caffeine fix? You probably already know that staying properly hydrated throughout the day is a basic rule of a healthy lifestyle. It...

How Will You Embrace the Automatic Age? Since the beginning of time, there have been several ages that reflect society propelling itself forward in physical, intellectual and technological ways. First, there was the Stone Age. Then came the Iron and Bronze Ages (not to mention the Golden Age and the...

Tapping Your Retirement Account for Other Financial Needs Can Have Costly Consequences According to a December 13, 2022, article in The New York Times, hardship withdrawals from workplace retirement accounts are rising — “another sign, along with rising credit card debt, that many Americans have...

Consider working with a financial professional to help improve your financial health A financial professional can help you not only make key financial decisions, but also identify your priorities and guide you toward achieving your financial goals — including retirement. Here are three reasons why...

Summary of Key retirement and Tax Provisions On December 29, 2022, the Consolidated Appropriations Act of 2023 was signed into law. The Act, referred to as SECURE 2.0, includes important provisions affecting retirement savings plans. These provisions offer many new benefits to employers and...

Study reveals plan participants are on a positive trajectory, aided by auto features Being able to replace working income with income generated from retirement savings is the essential definition of retirement readiness. The percentage of working income that an individual may need in retirement will...