You have two days left to become a 2023 401(k) Champion®. Three winners will each receive $1,000 to recognize their efforts in saving for retirement and guiding others to do the same. Apply now at 401kchampion.com. #401kchampion #financialfreedom

This is the last day to apply for the 2023 401(k) Champion® Award at 401kchampion.com. Don’t miss your chance to compete based on your saving and mentoring efforts when it comes to 401(k)s. Three winners each receive $1,000. #401kchampion #FinancialLiteracy

The finalists for this year’s 401(k) Champion® Award have been selected. See who is in the running to be a 401(k) Champion® at 401kchampion.com/finalists/. Three winners will be announced Jan. 8, 2024. #401kchampion #retirement

Your opinion on financial New Year's resolutions?

We are pleased to announce our 2023 401(k) Champions®: Chung Li, Christopher Orlando and Hayden Tank. They are dedicated to encouraging 401(k) participation. Find out more at 401kchampion.com/our-champions/. Thanks to all who applied. #401kchampion

While there has been an acceleration of public interest in crypto, interest for the average investor in Bitcoin ETFs needs to be tested. forbes.com/sites/juliejas…

The nonrefundable tax credit can help lower to middle income taxpayers add to their retirement savings effort. #Forbes forbes.com/sites/juliejas…

Forget to File Your Taxes? You Might Hear From The IRS. #Forbes forbes.com/sites/juliejas…

Today at 3:00pm ET, I'll be answering questions on retirement planning as part of Experian's #CreditChat. Joining me on the panel: Jamie Hopkins Leslie H. Tayne, Esq @LauraLaTourette Plootus Larry Sprung, CFP® Beverly Harzog Looking forward to participating!

A1: The starting point is always understanding if you have a gap between your expenses and your income. How much do you need to live on? What are your guaranteed sources of income (Social Security & Pension). #CreditChat

A3: Pretend you are going to retire on Monday. How long will your retirement last? That will get you started in figuring out how much money you need before you retire. #CreditChat

A4: The younger you are, the better but only if you realize that you need to keep up saving and investing no matter what happens in the marketplace. In fact, the more down market periods, the better. The big benefit? Compounding gets a chance to work. #CreditChat

A5a: Employer sponsored plans that have matches are best. Think of a match this way: Contribute a dollar of your own money. Double your money if the 401(k) has a dollar-for dollar-match. Where else can you get that type of return? #CreditChat

A5b: Most 401(k) plans have some type of matching, according to the PSCA. #CreditChat

A6a: The rule of thumb is to keep up both goals, not to switch back and forth between savings for retirement and paying off debt. If you put off retirement savings, you’ll lose the benefit of the math of compounding. #CreditChat

A6b: You’ll also miss upward movements in the market that have a big effect on returns for long-horizon goals, such as retirement. #CreditChat

A7: Plan for the worst, so you can expect the best. Health care needs increase as one ages, no question. So, you do need to make costs part of the overall plan. #CreditChat

A8: Continuing to make new social connections becomes more important as one ages, especially when someone starts outliving close family friends and loved ones. Start with small steps, engaging just a few new people at a time. You’ll find new friends that way. #CreditChat

A9a: First help others avoid the same mistake. Tell them it’s easy to create wealth if you take advantage of the compounding curve – but it takes over 20 years for the curve to accelerate. #CreditChat

A9b: Second, keep working, save and invest, cut expenses, avoid get-rich-quick schemes. Better late than never. #CreditChat