October 17-23 is National Save for Retirement Week!
National Save for Retirement Week is intended to raise public awareness about the importance of saving for retirement. We’ve rounded up a few resources for employers to review and share with your employees to help them learn more about saving for their future:
Small Change, Big Impact
The industry recommended retirement savings rate is about 11-15% of compensation, but getting there can be difficult. Our Small Changes, Big Impact flyer breaks down that 11-15% goal by offering tips to help employees save and showing how various savings scenarios may impact take home pay and retirement outcome.
Roth vs. Pre-Tax
If your plan allows for Roth contributions, our Roth vs. Pre-Tax video can help support employees who are looking for more information on this topic.
Struggling to Save?
Personal finance concerns, such as debt, budgeting, or managing expenditures can get in the way of saving for retirement. Our videos on tips to save more and prioritizing retirement planning and debt management can help!
Health Savings Accounts
Your Rx for Retirement! If you currently have a Health Savings Account (HSA), this account can help your employees save for healthcare expenses in retirement! Please share our flyers on using an HSA for retirement purposes (Top 5 Reasons to Use an HSA or A Perfect Pair: HSAs & Your Retirement) with your employees, which may be helpful as they make healthcare decisions during open enrollment season. We also have a video on this topic.
For questions about this material, please reach out to a member of Assurance’s retirement services team.
Securities and investment advisory services offered through MMA Securities LLC (MMA Securities), member FINRA/SIPC, and a federally registered investment advisor. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Variable insurance products distributed by MMA Securities LLC, CA OK 81142. Marsh & McLennan Insurance Agency LLC and MMA Securities LLC are affiliates owned by Marsh & McLennan Companies. Investment advisory services for MMA Prosper WiseSM are offered solely as a Registered Investment Adviser through MMA Securities. Certain of our investment adviser representatives are registered representatives of MMA Securities. A copy of our written disclosure statement discussing our advisory services and fees is available for your review upon request. Please consult a tax professional for specific tax inquiries and recommendations. www.MMARetirement.com
ABOUT THE AUTHOR
Julie LaRocque
As a Senior Account Manager and Education Consultant for Assurance’s retirement services team, Julie develops and delivers retirement plan education, helping clients maximize their retirement plan usage. She specializes in making the retirement saving topic more relatable, accessible and enjoyable for all her clients’ employees. Prior to joining Assurance, Julie taught high school english, where she undoubtedly learned how to make topics more interesting and enjoyable. Julie received her Bachelor of Arts degree in English from Northern Illinois University. She maintains her Life and Health Insurance Producer’s License, Series 6 and Series 63 licenses.
