Managing the Hefty Price Tag of Healthcare Costs

With all the advances in medicine and technology, it’s no surprise that people are living much longer than before. The rapid rise of health care costs could have a large impact on quality of life now and in retirement. Save and save again Unfortunately, health insurance doesn’t cover all of your medical expenses. As a result, some workers are tempted to...

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Empty Your Nest, Not Your Savings: Five Tips When Saving for College

If you're like many parents, you want your child to go to college. Paying for their education however, can be a huge financial burden. As tuition costs climb each year, saving early is an important step for parents. Here are five tips to help you save for your child’s college expenses. Estimate the cost of college According to a U.S. News...

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Imagine Your Best Retirement: How Much is Enough?

What will you be doing day-to-day when retirement comes? Do you remember when you were sixteen? If you were like me you couldn’t wait to be twenty-one…and it always seemed so far away. Now that we are working adults, retirement, like waiting for adulthood, may seem far off into the future, but looking back we may see it came all...

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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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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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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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Making Your Kids Money Savvy

Kids as young as age three or four can grasp a general sense of the value of money. There are many ways you can help them understand it more fully as they mature. “Money doesn’t grow on trees” Your parents may have said this to you. Okay, so if money doesn’t grow on trees, where does it “grow?” While every child...

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Are You Avoiding Detours on the Retirement Income Road?

To celebrate his 30th birthday, Kevin drove across the state to visit his grandmother. He wanted to take the fastest route but then he saw a road sign that read, “This way to the world’s largest ball of twine.” He veered off to investigate. Then he took another detour to check out a hubcap museum. He had to call...

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New Year, New Resolution for Retirement Savings Planning

Remember the way simple word problems helped you grasp abstract mathematics when you were in grade school? The same principle applies to retirement planning: Steven spends $5 per day on an extra-large coffee during his morning break at work. If he works five days a week, with 20 days off per year, how much does Steven spend annually on his...

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3 Steps to a More Secure Retirement for Women

Three steps that will help you to maximize your retirement savings: Just start, Reach out for help and use your plan’s resources, and Take the long-view. Average retirement statistics regarding women and retirement show that, in general, women face stiffer retirement challenges than men. Compared to a man, a woman’s average life expectancy is almost five years longer, and a woman’s Social...

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