Participant Insights

Portfolio rebalancing, how to budget your money, what’s an HSA and who needs one? Preparing for retirement is hard. From personal finance basics to retirement planning and everything in between, we’ve got a few ideas to make life a little simpler. Contact MCF with any questions.

Financial Wellness

Retirement Plan Notice: Get the “CREDIT” you deserve!

April 15, 2019 Planning Investment Basics

You may be eligible for a valuable incentive, which could reduce your federal income tax liability, for contributing to your company’s 401(k) or 403(b) plan. If you qualify, you may receive a Tax Saver’s Credit of up to $1,000 ($2,000 for married couples filing jointly) if you made eligible contributions to an employer sponsored retirement savings plan. The deduction is claimed in the form of a non-refundable tax credit, ranging from 10% to 50% of your annual contribution.

Take Advantage of Tax-Deferred Investing

April 2, 2019 Investment Basics

Contributing to your Plan is a great way to take advantage of tax-deferred investing. Contributions to your Plan and all future earnings on those contributions are tax-deferred until money is withdrawn.

Are You Saving Enough?

March 5, 2019 Investment Basics Savings

Personal savings and investments outside of a retirement plan, such as IRAs, are only part of the overall retirement income picture. That is where your retirement plan comes into play. To ensure a secure financial future, you should strive to defer the maximum amount to your Company Retirement Plan. If you are unable to do this today, increase your deferrals in small amounts every six months, or with every pay increase.

Retirement Plan Basics

February 5, 2019 Investment Basics

Ten things to know about your employer’s retirement plan.

The 12% Savings Goal

January 8, 2019 Investment Basics Savings

Most people need to save more — often a lot more — to build a nest egg that can meet their needs. Many financial experts recommend putting away 12 to 15 percent of your pay for retirement. There’s a relatively painless way to reach that goal.