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

Savings vs. Debt - 5 Strategies to Start Saving Today!

January 7, 2020 Savings

Debt is sweeping the nation. With student loan debt becoming astronomical among millennials and credit card debt piling up in the background, it can feel overwhelming that your savings is getting the short end of your paycheck. According to the Federal Reserve Bank of New York, Americans’ total household debt has reached $13 trillion – a record high. Thoughts of financial stress flood our minds like how we are going to afford our current lifestyle and our future in retirement.

Four Tips for Increasing Your Retirement Dollars

December 17, 2019 Savings

Don’t Cash Out Retirement Plans When Changing Employment When you leave a job, the vested benefits in your retirement plan are an enticing source of money. It may be difficult to resist the urge to take that money as cash, particularly if retirement is many years away.

Designate Your Beneficiaries

December 3, 2019 Planning

Three Tax Tips that Can Help as You Approach to Begin Retirement

November 19, 2019 Planning

Retirement is a whole new phase of life. You’ll experience many new things, and you’ll leave others behind – but what you won’t avoid is taxes. If you’ve followed the advice of retirement plan consultants, you’re probably saving in tax-advantaged retirement accounts.

Retirement Planning: Putting Your Savings Goals Into Perspective

November 5, 2019 Savings

A little bit can go a long way! The tables below show how money invested in your retirement plan can grow over time.

Retirement Readiness - Planning for the First Day of the Rest of Your Life

October 15, 2019 Planning

MUCH HAS BEEN MADE OF THE CURRENT STATE IF THE AMERICAN WORKER as it pertains to their retirement savings. According to a recent study by the General Accountability Office, 29% of Americans 55 and older do not have any retirement savings or pension plan and those who have saved are woefully behind with 55-64 year olds averaging $104,000 in retirement assets.