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

Weathering a Market Downturn - Near or During Retirement

June 29, 2023 Investments

When you are decades away from retirement, down markets may not feel like a big deal. However, a significant loss preceding or just after retirement is more likely to negatively impact the amount of income you will receive over the course of your retirement. Unlike losses that occur earlier in life, there isn’t the same opportunity to recover. Read more to discover how you can develop a long-term plan that’s built for good times and bad...

How Much is Enough?

June 15, 2023 Savings

There are many formulas for figuring out how much money you need to retire. While thinking seriously about retirement finances is useful, for most people, these formulas may not come close to what your retirement actually looks like.

Hardship Distributions Costs & Penalties

June 5, 2023 Investments

When debating whether you need to take out a Hardship Withdrawal, there are some costs and penalties to consider. Qualified plans are intended for retirement savings; restrictions and penalties generally are imposed to discourage participants from jumping the gun and taking portions of their benefits while they are still employed.

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.

Four Elements of Financial Wellness

April 29, 2023 Financial Wellness

Ready to tackle your Financial Wellness Plan? Let’s explore ways to become financially well together! Financial Wellness is the overall financial health of an individual.

Need a Tax Break?

April 18, 2023 Tax

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.