FORUM Credit Union's website works best with JavaScript enabled

Your 401K

It’s time to make the most of your 401(k). You’ve probably heard these tips before, but sometimes it’s good to have a mental refresher to put these tips into practice!
Save Early
The earlier you start saving, the more you’ll save! Simple right? But according to the American Savings Education Council, one-quarter of those with access to 401(k) plans don’t participate! * Even if you start with a small percentage, it will make a big difference later. Once you begin saving, try to increase your contribution by just 1% each year until you eventually reach the maximum you can contribute.
Get the Match
Don’t pass up free money! If your employer offers a 401(k) match, make sure you contribute enough to reach the full company match. And if you leave for a new job elsewhere, don’t forget about your old 401(k)!
Delayed Retirement
If you delay retirement and are still working past retirement age with a company 401(k), you do not have to take out the minimum distribution until you actually retire.
Use Available Resources
You are your best advocate when it comes to retirement. Take the time to further educate yourself, and use all of the resources available to you. You may want to start by checking out various online retirement calculators. Click here for a retirement calculator through If you would like customized advice on how to plan for retirement, FORUM Private Client Group can help. You can call 317.558.6322 or email
As you continue to put money away in a 401(k), ensure you also have an emergency fund. Try saving $20 a week. Then if your car breaks down or you have to fix the roof, you won’t be tempted to tap into your retirement savings. Saving money in IRAs (Individual Retirement Accounts) and Certificates is another great way to save and diversify some of your money.
The above is not intended to be tax advice, was not written by a tax professional and is informational only. Please consult a tax advisor for your specific situation.

Posted: 3/20/2017 with 1 comments

Categories: Budgeting, Estate Planning, Finances, Retirement

Maria Fair
Planning to work until 70 at least........
3/23/2017 7:01:07 AM

 Security code