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Employers tend to direct retirement education toward those who will soon exit the workforce — Baby Boomers and Gen Xers. That makes sense considering the nearness of retirement for those groups. But it’s the Millennials who now make up the largest constituency in the American workforce, at one out of every three workers. And it seems they need a little help when it comes to saving for their eventual retirement. Life is in Full Swing Almost half of Millennials are worried about retiring on time, and two-thirds are concerned they will outlive their retirement savings. 1 Addressing the unique...

Knowing the different types of investment risk can help you cope with market volatility. When was the last time you checked your retirement plan balance? If your balance was less than it was the last time you checked, you probably felt a bit of pain. Everybody does. Where exactly does that pain come from? It’s called risk, and all investments involve some degree of risk. In finance speak, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. In general, as investment risks rise, investors seek higher returns to compensate themselves for...

Why Young People Need to Pay Themselves First Webinar View Full Webinar Presentation By investing for retirement through your employer-sponsored plan, you are taking steps to achieve your financial freedom. Choosing to participate is just one step in managing your financial savings strategy. As a young person, paying yourself first is just one pillar of personal finance and encourages sound financial habits. All it takes is a little dedication and a lot of discipline. Building savings is a powerful motivator and there are plenty of mental benefits to seeing your savings balance grow...

Market swings causing you some anxiety? These four money mantras can help you overcome it. Whether it’s the continuing presence of the COVID-19 pandemic, a sudden boost in prices related to gas, food, housing and other essentials, supply chain hiccups, an uncertain labor market (or any number of other things), the stock market has certainly seen its share of ups and downs over the past six months. As always, it’s impossible to predict what the market will do on any given day. But at the start of a new year, it’s always a good idea to take some deep, measured breaths and focus on some basic...