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 Importance of Naming a Beneficiary

February 16, 2023 Wealth Management

Do you know what will happen to your retirement savings if you were to pass away? Here are some things you should know about naming beneficiaries that could save your loved ones’ time, money and frustration.

Teach Your Children (To Save) Well

February 6, 2023 Savings

Saving money can be hard to teach since it revolves around delayed gratification. Education is key. Look for teachable moments where money is concerned and engage with your child. Saving teaches us how to set goals and prioritize. Help your child define saving goals and celebrate reaching those goals!

Retirement Word Scramble

January 15, 2023 Retirement

Investing your money into retirement savings early is important to setting yourself on the path to your ideal retirement. Whether you plan to travel on vacation with your family or relax on a golf course, having a structured plan until you retire could allow you to do whatever makes you happy in retirement. Do not let your success over the years waste away, save your money now so you could enjoy your freedom later!

The 12% Savings Goal

January 1, 2023 Savings

Most people need to save more — often a lot more — to build a nest egg that can meet their needs. Many financial experts recommend putting away 12 to 15 percent of your pay for retirement, starting as early in your career as possible1. There’s a relatively painless way to reach that goal.

Social Security Basics

December 4, 2022 Savings

To be eligible for Social Security benefits, individuals must have earned 40 calendar quarters of wages that were subject to Social Security tax. The amount of the benefits you would receive at full retirement age (FRA) is based on the average of the 35 highest years of earnings.

5 Financial Tips for the Sandwich Generation

October 30, 2022 Financial Wellness

Do you find yourself stretched thin between caring for an aging parent and your own children? If so you are part of what is known as the “sandwich generation”. The responsibility is not only mentally exhausting but can feel financially straining. This growing population are now “sandwiched” and must stretch their income to provide financial support on both sides. If you are part of the sandwich generation, there are financial planning tips you can follow to ease the stress that this brings.