Get in the Game!
SUITE(k) - Retirement Plan Division of S.E.E.D. Planning Group
Helping employers with retirement plan administration, fiduciary oversight, and employee education for a flat fee.
Article by Kerstin Driscoll-Witt
October 2024 - September, October, and November each year kick off our beloved FOOTBALL SEASON!!! It’s also a popular time of year for employers to offer retirement plan education to their employees so they may think about any changes they might want to make for the next year.???
This is always an interesting exercise, as most employees would rather be doing anything else other than attending a ‘retirement plan meeting’. Unfortunately, the 30–40-minute employee education meeting may be the only time all year that they think about their participation in their retirement plan, how much they should be saving or how to invest their retirement plan accounts.?
Employees who choose to ‘get in the game,’ take action based on the information they receive, and make the time to meet with a financial planner have an opportunity to be more successful in planning for retirement. Understand that planning for retirement takes commitment and bandwidth and may feel like a costly investment of time and effort today, but the rewards can be great in the long term. Just like football, hard work, dedication, and commitment = winners!?
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Being engaged is key. Postponing participation can be very costly- not only from a dollar perspective but also may require an extended career to make up for losses. A shift in mindset from ‘saving for retirement’ to ‘accumulating wealth’ can help frame a long-term plan that may otherwise feel unattainable. It is the little decisions along the way that add up to big rewards. Get in the GAME!?
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If you need help or would like to discuss any of the above topics, please visit our contact us page.?
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