Blogs

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 Age of Enlightenment). Welcome to the Automatic Age Section 101 of SECURE Act 2.0 requires new 401(k) and 403(b) plans to automatically enroll participants, with the initial automatic enrollment amount being at least 3% but not more than 10%. Each year, that amount must be automatically increased...

Your 401(k) Offers You Valuable Benefits You Just Can’t Find Anywhere In the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things (including a still-active pandemic, now in its third year), it can be hard to find a silver lining. However, there is one thing that keeps showing you some love every day – your 401(k)! Here are some tips to remind you why you got together in the first place – and help keep the romance alive. Your Savings are Automatic With your 401(k), you’re following the core financial planning principle of “pay yourself first.”...

Just like with a car, it’s a good idea to perform some annual maintenance on your retirement plan. Here’s a five-point inspection guide to help you continue to get good mileage out of your plan and ensure it stays reliable on your trip to retirement. 1. Review Your Retirement Saving Goals It’s challenging to predict your retirement needs, particularly if you’re in your 20s or 30s. But financial planners generally recommend replacing about 75% of preretirement income. Even if your retirement is decades away, you should use a retirement calculator at least once a year to estimate whether you’re...