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

The Advantage of Saving Early

May 15, 2023 Savings

The amount of your total nest egg is exponentially influenced by the duration of time it has to compound. In other words, the earlier you start saving, the better, by leaps and bounds.

Teach Your Children (To Save) Well

February 6, 2023 Savings

Saving money can be hard to teach since it revolves around delayed gratification. Education is key. Look for teachable moments where money is concerned and engage with your child. Saving teaches us how to set goals and prioritize. Help your child define saving goals and celebrate reaching those goals!

The 12% Savings Goal

January 1, 2023 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, starting as early in your career as possible1. There’s a relatively painless way to reach that goal.

Social Security Basics

December 4, 2022 Savings

To be eligible for Social Security benefits, individuals must have earned 40 calendar quarters of wages that were subject to Social Security tax. The amount of the benefits you would receive at full retirement age (FRA) is based on the average of the 35 highest years of earnings.

Millennials – The Time to Start Saving is Now!

May 16, 2022 Savings

Typically, younger people don’t make retirement savings a priority. Living expenses, student debt, rent or house payments, and other day-to-day expenses mean that retirement savings take a back seat.

Creating a Savings Budget

February 1, 2022 Savings

We all know that setting a personal budget is important, but do we actually know how to make one and stick to it? Living in a post-pandemic world we’ve experienced many fluctuations in our monthly finances. Whether that’s receiving a boost from a stimulus check or the rising cost of everyday essentials.