Can Financial Advice Help You?

On average, Americans who partner with financial professionals are significantly more prepared to make important financial decisions than those who try to go it alone. That’s the conclusion from a 2018 Voya survey1 on retirement readiness. In addition to helping you feel more confident about your future, professional advice can help drive better outcomes in two distinct areas: 1.  Planning for...

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Shining Some Light On Roth 401(K) Contributions

When do you want to pay taxes on your retirement savings? Now, or later? When you make pre-tax contributions to a traditional 401(k) plan, you’re choosing the “pay later” route. You pay Uncle Sam later—when you withdraw the money. Roth 401(k) contributions flip that around from a tax standpoint. You pay taxes on Roth contributions now—before they are deposited into your...

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Five Tips to Maximize Your Emergency Savings

Experts often suggest that Americans should aim to have six months' worth of expenses in a readily accessible place to cover unforeseen costs. The problem is that this can be a lot of money, and can seem impossible to achieve. The good news is that you don't need to have tens of thousands of dollars in the bank to be...

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Creating a Balanced Spending Plan

Planning for retirement is an important goal. But competing financial priorities, such as reducing debt or saving for a home, often get in the way. How do you make it all work? Start with the fun part! Write down what matters most to you. Ask yourself: How much money do I need for basic living expenses? What do I want to...

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4 Things You Should Know About Social Security

The rules governing Social Security benefits are incredibly complicated, with countless exceptions and qualifications. So it's no surprise that many workers and retirees end up leaving some money on the table because they aren't aware of all the ways they can increase their retirement benefits. If you haven't already done so, consider boning up on the below concepts to see...

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Ways to Save and Invest your Tax Refund

Will you be among the millions of taxpayers who will receive a federal income tax refund this year? If you got a refund last year, did you treat it like found money and run out to buy a bunch of things? Or were you part of the majority of Americans in a 2017 Credit Karma survey1 who expected to use...

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Retirement Plan Contribution Limits

Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-contributions

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Your Orange Money® is Only a Tap Away

On the Go! Access your retirement account, manage your savings and assess whether you are on track toward reaching your retirement goals. When you open the app, you will see myOrangeMoney®, an interactive educational experience that projects, based on the information saved in your plan's recordkeeping system, the money you will likely need each month in retirement and the progress...

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Financial Wellness Means More Than Just Healthy Finances

If you have ever had money problems (and who hasn’t at some point?), think about how those financial worries impacted your life and health. Did you feel nervous or anxious? Was your energy level lower than usual? Were you tempted to cut back on social activities? Did you have trouble sleeping? Americans are stressing over money According to the American Psychological...

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Investment Diversification is a Good Thing

Would you be comfortable having just a single pair of shoes in your wardrobe? There are good reasons people keep lots of different shoe styles in their closet. It would be tough to play tennis in dress shoes. Wearing running shoes to a wedding might get you a few side glances. The same concept applies to the investment funds in...

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