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 Real Cost of Coffee and Lunch

July 2, 2019 Planning Savings

Saving for retirement isn’t easy. However, what you may not realize is that by making small adjustments you can save a substantial amount that can be added to your retirement plan.

Millennials - The Time to Start Saving is Now!

June 17, 2019 Investment Basics 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. In fact, a survey from January 2016 says that 40 percent of millennials don’t have a retirement plan in place, and 57 percent haven’t started saving.

Retirement Savings Plan Education - Q2 2019

June 13, 2019 Savings

Retirement Savings Plan Education - Q2 2019

Rolling Into Your New Employer's Plan vs. An IRA

May 13, 2019 Investment Basics Savings

Do you have retirement plan assets with a former employer’s plan that you’re not sure what to do with? Review the pros and cons of consolidating into your current employer’s retirement plan versus an individual retirement account (IRA).

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.

Don't Let Student Loan Debt Get In Your Way of Financial Success

February 18, 2019 Planning Savings

If you find yourself in a position of not being able to pay off your student loan debt and save for your future, you’re not alone. According to the New York Federal Reserve, more than two million student loan borrowers have student loan debt greater than $100,000, with approximately 415,000 of them carrying student loan debt in excess of $200,000.