Participant Corner

Time for a Financial Check Up

Time for a Financial Check Up

With the season changing and life ever pulling us forward, you may want to take into account life changes that may affect your financial goals. Account for Changes in Your Personal Life Have there been any changes this past year with your family, personal, or...

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Carving a Holiday Budget

Carving a Holiday Budget

The holidays are a time for giving, but often people can be a little overgenerous during this time of year and later find themselves in financial trouble. According to a survey by Country Financial 32 percent are feeling the greatest stress around holiday finances.1...

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What is Roth and What Does it Mean for Me?

What is Roth and What Does it Mean for Me?

When you hear Roth 401(k), Roth IRA, or just Roth, this is generally referring to a specific type of tax benefit your savings may receive. You pay taxes on Roth contributions for the taxable year in which they are made. “Traditional” contributions typically means that...

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School is now in session! Let’s check if you’re preparing for retirement and review the following items we’ve listed below. Contribute to your Retirement Plan It is imperative to keep track of your retirement plan and set aside a percentage of your income. It’s...

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Save Early, Aim for Your Goal

Save Early, Aim for Your Goal

Contributing to your employer’s retirement plan as soon as you’re eligible is crucial to meeting your retirement goals. The earlier you start saving, the more time compounding interest has to work on your behalf. Putting off contributions today means increased...

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Are You Sabotaging Your Retirement?

Are You Sabotaging Your Retirement?

Saving for retirement can be intimidating, but it doesn’t have to be. Finding reasons not to contribute to your retirement plan will hurt you in the future. Do any of these excuses sound familiar? If you think…Then Consider… “I don’t make enough money.”Tax...

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ONLINE SECURITY TIPS FROM THE DEPARTMENT OF LABOR

REGISTER, SET UP AND ROUTINELY MONITOR YOUR ONLINE ACCOUNTMaintaining online access to your retirement account allows you to protect and manage your investment.Regularly checking your retirement account reduces the risk of fraudulent account access.Failing to register...

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Other Resources

2021 Form 8880

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover contributions) to...

January 2022 Newsletter

January 2022 Newsletter

When Does a Participant Loan Become a Deemed Distribution?A recent IRS Issue Snapshot (link below) affirms that a participant loan is a legally enforceable agreement and terms of the loan agreement must comply with Internal Revenue Code (IRC Section 72(p)(2) and...

Ten Things to Know About Your Employer’s Retirement Plan

Ten Things to Know About Your Employer’s Retirement Plan

What it is? Your employer’s retirement plan is a defined contribution plan designed to help you finance your retirement. Federal and sometimes state taxes on your contributions and investment earnings are deferred until you receive a distribution from the plan...