📊 You May Be Missing Out on Easy Savings. Vanguard Report: How America Saves Hits New Highs! 📊 RFG here with tools that may improve your benefits compensation at work: Good news for 401(k) savers! According to Vanguard’s latest How America Saves report, American workers are saving at record-breaking rates, with an average deferral rate of 7.4% in 2023! 📈💪 Even better, 43% of participants increased their savings rate last year. Thanks to smart plan design features like automatic enrollment and accessible financial advice, the future of retirement savings looks brighter than ever! Here are three quick tips to help you access better retirement benefits at your workplace and beyond: 1) Promote Automatic Enrollment: Encourage your employer to implement or enhance automatic enrollment features. This simple change can significantly increase participation and savings rates among employees. 💼👍 2) Meet with a Financial Advisor (like us!): Schedule a meeting with an accredited financial advisor to discuss, review, or begin building your own robust retirement plans and strategies. Bring data, like Vanguard’s report, to support your case. 🗣️📊 3) Sit Down and Pay Yourself First by Budgeting: Take agency in your financial life! Decide if you like what you actually spend your money on. Set aside time to go line-by-line on your most recent credit card or bank statement and learn where you send your money. It’s easier to reallocate for your retirement or other goals when you know where your money is going. 🧠💡 Ready to boost your own savings and secure your financial future? Reach out to Riverside Financial Group, LLC today for a review of your financial plans and goals. Let’s make your retirement dreams a reality! 🌟💼 👉 Learn more about the future of 401(k) savings and get expert advice here! https://lnkd.in/e-4QJqma #RetirementPlanning #401k #FinancialWellness #RiversideFinancialGroup #SavingsSuccess #InvestSmart #FutureOfFinance #Budget #Agency https://lnkd.in/efunUC8C
Riverside Financial Group, LLC’s Post
More Relevant Posts
-
A recent study from Fidelity Investments reveals that employers are increasingly satisfied with their retirement plan advisors, with satisfaction levels on the rise. The latest Plan Sponsor Attitudes Study, surveying 1,100 employers, shows that 90% are currently working with a retirement plan advisor, and 80% are satisfied with their plan, a notable increase from last year. Interestingly, 81% of employers are "highly satisfied" with their advisor, up from just 63% in 2019. This shift highlights a growing demand for advisors to extend their expertise beyond 401(k) plans, with a particular focus on broader financial planning needs like healthcare expenses and HSAs. Amanda Umpierrez, Managing Editor, 401k Specialist Magazine provides additional details of the study here: https://lnkd.in/gtF8_i3G #retirementplans #planadvisors #financialadvisors #wealthmanagers
Enhanced Advisor Engagement Leads to Happier Employers - 401k Specialist
401kspecialistmag.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
Defined Contribution Business Leader ▷ Delegated Investments, Pooled Employer Plans, Retirement Plan Advice & Financial Wellness
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
Experienced digital and social media marketer bringing innovative solutions that drive results.
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
-
Retirement Consultant | Actuary | Plan Design | Financial Wellness | Helping companies create and manage great retirement programs | Fly Fishing | Golf
[RELEASE] Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets under management (AUM). These outsourced retirement plan solutions seek to improve participant outcomes while reducing plan sponsors’ administrative duties and fiduciary risk. Our research highlights that long-term financial security, focused on the ability to retire, remains one of American employees’ top concerns, and retirement benefits are among the top three reasons employees stay with their organization. #retirement #investing
Mercer Wise 401(k) and Mercer Wise Pooled Employer Plan surpass $3.5 billion in US plan assets
mercer.com
Investment Advisor, Riverside Financial Group, LLC
4moVery informative!