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.
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 as of 2019 has reached $14 trillion – a record high. Thoughts of financial stress flood our minds of how we are going to afford our current lifestyle and our future in retirement.
Planning for a major event in your life can take a toll on not only your sanity, but your finances. Major life events are increasing in cost annually and we can be left thinking to ourselves, “can we even afford this?” Below are savings tips and insights into some of the major life events that we all experience one way or another.
Your employer provides you with a retirement plan for you to save money in, tax-deferred, for the day you bid your career farewell and enter into retirement. It’s important for you to know the facts about your plan, so you can maximize its saving potential. Here are essentials to know about your retirement plan:
