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Category: Retirement

It’s not too late to “catch up”

It’s not too late to “catch up”

For many workers, turning 50 means the start of the homestretch for retirement savings. But if you are 50 or over, here is an important retirement savings strategy that can help to relieve some of the stress this planning can bring and give your savings a boost as you approach retirement: catch-up contributions. Catch-up contributions allow workers age 50 and older to save more in a retirement plan than the annual imposed savings limit. You can make catch-up contributions at…

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Planning for retirement in an uncertain time

Planning for retirement in an uncertain time

COVID-19 is concerning not just from a health perspective, but also from a financial standpoint. The pandemic has put the livelihoods of millions of people in jeopardy and thrown the financial markets and retirement savings into turmoil. While it’s natural for your employees to get discouraged at a time like this, the moves they make—or don’t make—in the coming weeks and months could impact their long-term financial health. Although much of what happens with the stock market is out of…

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Hitting the big 5-0? Retirement is right around the corner

Hitting the big 5-0? Retirement is right around the corner

You’ve made it to 50—Congratulations! That’s quite a milestone. As with any milestone, turning 50 is a good time to look back and reflect on the path your life has taken—both the good and the… not so good. But just as important, perhaps even more so than looking back, hitting the 50 mark is a great time to look forward to what lies ahead as you plan the next stages of your life, including your retirement. Perhaps you have been…

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