Blog posts about
Retirement

Please visit our COVID-19 resources page with more information for business owners and employees. The CARES Act provides some relief to people affected by COVID-19 through their 401k plans. The new bill increases retirement plan loans and eliminates the penalty for early withdrawals to certain eligible participants.  All of the retirement relief provisions under the […]

Please visit our COVID-19 resources page with more information for business owners and employees. If you already have a retirement savings plan, either through an Individual Retirement Account (IRA) or a 401(k) savings plan through your employer, you may want to pay attention. With the new Setting Every Community Up For Retirement Enhancement Act of […]

The difference between term life and whole life insurance can be compared to the difference between renting and owning a home.  Both renting and owning provide you and your family with the security of a shelter; likewise, both term and whole life insurance offer protection.  When you pay your rent, you are simply paying for […]

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 […]

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 […]

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 […]

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 […]

If a key employee or company leader was unable to return to work, would critical tasks go unfinished? Would the company’s vision or culture be jeopardized? Who could take his or her place? All key employees do eventually leave their positions, whether it’s for advancement, retirement, other opportunities, or even catastrophes that occur without warning. […]