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 Retirement

July 6, 2021 Investments

When you are decades away from retirement, down markets may not feel like too big of a deal. After all, you can keep saving, buy when stocks are cheap, and position yourself for an eventual recovery.

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).

What’s an HSA and is it Right for You?

May 18, 2021 Savings

Health savings accounts (HSAs) have grown tremendously in popularity over the past few years.1 You’ve probably heard of them or maybe your employer offers one. This memo will uncover answers to common questions you may have about HSAs.

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.

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

April 20, 2021 Tax

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. These types of accounts defer taxes until withdrawal, and you’ll probably withdraw funds in retirement. Also, you may have to pay taxes on other types of income - Social Security, pension payments, or salary from a part-time job. With that in mind, it makes sense for you to develop a retirement income strategy.