Blog posts by
Lauren McMurphy

Americans are spending less and stashing away more cash than ever, but healthy financial habits are still essential. According to the U.S. Department of Commerce, people were saving about 7.5% of income before the COVID-19 pandemic and now are socking away 14%. People may be saving more because of fear of job loss or because […]
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As we’ve reported, the CARES Act may provide you with a one-time payment from the government, depending on your income.  Adult taxpayers with an income of $75,000 or less (before taxes or deductions) will each receive $1,200, or couples with a gross income of $150,000 or less will receive $2,400. People with children under 17 […]
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It can be hard to determine what path to follow when it comes to financial wellness.  We’re all different and have varying financial goals. The core of financial wellness boils down to one question: Does the way you manage your money align with your financial goals?  All reputable financial programs share a few core components:  […]
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Do you think taxes will be higher or lower by the time you’re ready to retire?  Without a time machine, none of us know how the tax system will shift during our years before retirement. We do, however, have choices on how we handle our taxes today.  Taxes are important to consider when deciding whether […]
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Building an investment strategy is an essential part of retirement planning. Your plan should reflect the kind of investor you are by taking into account your age, investment goals, risk tolerance, and a holistic view of your finances. MassMutual offers a variety of tools and resources to help identify an investment strategy that may be […]
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Our habits have a greater impact on our savings goals than we think.  Without basic money skills, it’s easy to make poor financial choices regardless of how much money you make. The key to lasting financial fitness lies in a foundation of healthy spending and saving habits.  You don’t necessarily need to go on a […]
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One of the first questions most people ask when they’re considering how much to save for retirement is: How much money do I need to retire?  Well, the answer is: It depends!  Whether you picture yourself traveling the world or working in your garden, the financial planning component of your retirement dreams will be as […]
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