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

Online Security Tips from The Department of Labor

June 15, 2021 Plan Basics

Retirement Plan Participants can proactively reduce the risk of fraud and loss to a retirement account by following these basic rules:

To Borrow or Not to Borrow

June 8, 2021 Plan Basics

Although you may have the ability to borrow money from your retirement plan in the form of a loan, please proceed with caution! If your employer offers Plan loans and you decide to borrow from your retirement account, you may end up causing harm to your ﬁnancial future. (Note, your employer’s retirement plan may not offer a loan provision. To inquire, check with HR or request a copy of your summary plan description).

Roth In Review

May 4, 2021 Plan Basics

Elective deferral contributions to a traditional retirement plan are contributed on a pre-tax basis and help lower your current taxable income. Roth elective deferral contributions, however, are much like a Roth IRA in that contributions are made on an after-tax basis.

Skip the Line, But Don’t Skip the Match!

February 16, 2021 Plan Basics

Financial Wellness 101: How Much Do You Know About Your Retirement Plan?

January 12, 2021 Plan Basics

Your employer provides you with a retirement plan for you to save money in, tax-deferred, for the day you bid your career farewell and enter into retirement. It’s important for you to know the facts about your plan, so you can maximize its saving potential. Here are essentials to know about your retirement plan: