Financial Technology, Inc.

Big changes are coming to retirement savings in 2025! The SECURE 2.0 Act will introduce higher catch-up contributions, automatic enrollment in new plans, and easier account portability. Learn how to take advantage of them: https://bit.ly/4cplPRK

American women absolutely crushed it at the Paris Olympics! They not only dominated but shattered records across the board. From swimming and gymnastics to track and field, watch this video for the highlights of all their amazing accomplishments: https://bit.ly/46IZzBh

U.S. service sector confidence rebounded in July, signaling economic resilience. Want to know more about the latest data and other key reports coming up? Check out the Economic Release Snapshot from Commonwealth director, fixed income, Sam Millette: https://bit.ly/4dle0hc

Happy National Financial Awareness Day (August 14)! Let's make today a day to evaluate your money goals and take steps toward achieving them. We’re here to help guide you every step of the way. Learn how we can empower your financial journey: www.financialtec.com

Wondering how much you can safely withdraw from your retirement nest egg? You may want to follow the 4% rule, but it's not a one-size-fits-all approach. Discover how to tailor your post-career income strategy based on your unique circumstances: https://bit.ly/3yBverD

As an employer, investing in team development is essential for driving success and retaining top talent. Check out these seven strategies to build a results-driven culture that keeps your employees motivated and your company thriving: https://bit.ly/3M3EeZF

Financial exploitation is a growing threat, with scammers using technology like AI to target investors of all ages. In 2023 alone, older adults lost nearly $3.4 billion due to fraud. Learn how to protect yourself and your loved ones with these strategies: https://bit.ly/46OiKd0

Financial Exploitation: How to Stay Safe From Fraud Older adults are especially vulnerable, so it's important to help loved ones guard against financial fraud, particularly if they're experiencing cognitive decline.

Florida's population grows by nearly 900 people daily, and many of those are retirees seeking sun and tax benefits. Discover seven top cities in the Sunshine State to spend your golden years and find out which one might be perfect for you: https://bit.ly/46HaOdc

Feeling that midyear slump? You're not alone—80% of employees report being at risk of burnout, especially during summer. Learn practical strategies to help your team stay motivated and engaged during the warmer months: https://bit.ly/3WYgvR0

If you have dreams of growing your retirement savings, you need a strategic plan to start. From maximizing employer matches to harnessing the power of compound growth, check out these strategies to boost your nest egg: https://bit.ly/3YHWvn4

Ask a Financial Pro: I Have $100K Saved for Retirement. How Do I Turn That Into $1 Million? The more time you have to save, the more likely you are to reach your goal.

Is money the only thing you're passing down? As the Great Wealth Transfer looms, parents must shift their focus from mere asset transfer to instilling values, fostering philanthropy, and setting a strong example for their heirs. Discover how: https://bit.ly/4ceaMe1

Is the most recent stock market tumble just a normal dip? History suggests staying calm in the face of market volatility. Find out why Commonwealth CIO Brad McMillan agrees, in his latest blog post: https://bit.ly/4dB1tWQ

If you need a quick overview of the markets in July and what’s expected in August, check out Commonwealth director, fixed income, Sam Millette’s latest blog post: https://bit.ly/4fzdeyN

Looking Back at the Markets in July and Ahead to August 2024 What are the current market expectations for August? Sam Millette, director of fixed income, takes a look ahead in his latest update.

Is the market freaking out over nothing? The weak July jobs report sent shockwaves through Wall Street, but top economists say this might be an overreaction. Want to know why? Dive into this analysis to separate fact from fiction: https://bit.ly/4dpxy3M

Money talks often impact relationships, but new research shows couples are more aligned than you might think. According to one study, most partners share retirement goals but struggle with other plans. Learn five expert tips to achieve financial harmony: https://bit.ly/4fx66D4

The staggering cost of long-term care is forcing many Americans to self-fund health expenses. Discover strategies for preparing financially and rethinking your retirement plan to take into account this major cost: https://bit.ly/4dakGyL

He spent $500,000 on long-term care for his wife. How you can prepare for the costs. For many Americans, the price of long-term care comes as a shock-even with insurance. Know these 7 things before you start putting a budget together.

The stock market took a major dive yesterday. But, despite the turbulence, legendary investor Warren Buffett advises long-term investors to stay the course and ignore short-term fluctuations. Learn more about navigating market volatility: https://bit.ly/3WQv74Q

Ever feel like your brain is on fire after intense thinking? You're not alone—research shows that mental effort is linked to unpleasant feelings. Curious about why we still push ourselves to the limit? Find out: https://bit.ly/3yvwRad

The U.S. economy, which had defied expectations for years, shows signs of vulnerability with a surprising jump in unemployment and slower hiring in July. Is this a mere blip or the start of a downturn? Discover why economists are split: https://nyti.ms/4dtAGvq

Recession Fears May Be Overstated, but Not Unfounded (Gift Article) The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.

Retirement is the dream, but the reality can fall short of expectations. From not saving enough to claiming Social Security too early, many retirees wish they'd done things differently. Discover the top 10 regrets and how to avoid them: https://bit.ly/46v18Tj

Need a summary of the markets in July and insight on what to expect in August? Check out the latest Market thoughts video from Commonwealth CIO Brad McMillan: https://bit.ly/3SAXkdt

Olympic athletes aren't just physical powerhouses; they're mental warriors too! The psychological game is often just as crucial as physical training. Learn how these incredible athletes master their minds and achieve greatness: https://bit.ly/3LTZiSe

Plan Sponsor Retirement

Dynamic qualified default investment alternatives (QDIAs) are gaining traction, offering a personalized approach to retirement investing. Find out how plan sponsors can navigate the selection process and potentially boost retirement readiness: https://bit.ly/3AcI7J4

Plan sponsors, beware: 401(k) lawsuits are on the rise again! From excessive fees to managed account concerns, the legal landscape is getting tougher. Learn about the latest trends and how to protect your plan: https://bit.ly/4dvv3N8

Major 401(k) Litigators Are ‘Back in Action,’ With More Entering the Fray | PLANADVISER After a lull in filings last year, 2024 is seeing an uptick, including from law firms not previously active in 401(k) litigation.

Dill-ighted by the latest sports craze? Pickleball is serving up a real treat for retirees, combining elements of tennis, badminton, and ping pong into one addictive game. Learn about the rules, equipment, and health benefits: https://bit.ly/3WnzvXm

The U.S. economy hit an unexpected speed bump in July, with hiring falling sharply and unemployment rising to its highest level since October 2021. Discover what this means for the global economy, Federal Reserve policy, and the presidential election: https://bit.ly/4c8ovDd

Despite cooling inflation, the Federal Reserve voted to hold rates steady in their most recent meeting. Will September bring the long-awaited rate cut? Commonwealth Investment Research Analyst, Joe Dunn, weighs in: https://bit.ly/3WOK3k2

Digesting the Fed: Will Rates Fall This Fall? What's the latest from the Fed? Commonwealth's Joe Dunn, investment research analyst, breaks down this week's meeting and where rates go from here.

Ever feel like your best years are behind you? Think again! Forbes' 50 Over 50 list showcases women achieving their greatest successes later in life. Discover how age can be your most valuable asset in pursuing your dreams: https://bit.ly/3Sv1Utq

Approaching retirement in the next 5 years? Don’t let market volatility derail your plans. Discover how to navigate these challenges and optimize your retirement strategy so you can enjoy your golden years worry-free: https://bit.ly/3XDjdMy

Medal-winning athletes at the 2024 Paris Olympics are cashing in big time—earning rewards like cash, cars, and even cows! While the International Olympic Committee doesn't offer prize money, here are the surprising perks champions are receiving: https://bit.ly/4cdrmL4

Here's how much athletes at the Paris Olympics earn for winning medals Aside from a medal, a stuffed toy of the Olympics mascot and an official event poster, some medal winners are accorded additional financial rewards.

Did you know Alaska ranks as the worst state to retire? A new study reveals surprising insights on retirement destinations, weighing factors like affordability, well-being, and healthcare. Learn more about the best places to spend your golden years: https://bit.ly/3ymC7Nu

If you’re struggling to figure out how to make your business stand out in a crowded market, empowering your employees could be the key to success. Check out these tips from a VP of Operations on how to thrive in a saturated industry: https://bit.ly/3LL5mwo

“Quiet vacationing” might sound tempting, but it could hurt you more than helping! Find out why you should take guilt-free time off to truly disconnect, and how “loud vacationing” can improve your well-being and productivity: https://bit.ly/3YxOv7I

Why you should avoid 'quiet vacationing' to prevent burnout and boost productivity Instead of "quiet vacations," employees should take guilt-free time off to refresh before returning to work, a tech company HR exec said.

If you want to revolutionize your customer service, focus on your team first! Research shows that worker satisfaction leads to better business outcomes. Check out these 10 powerful quotes that make the case for an employee-centric company culture: https://bit.ly/46ua3o4

Women face unique challenges in retirement planning, with factors like lower earnings and career interruptions contributing to a gender gap. Learn how these issues affect post-career security and explore potential solutions: https://bit.ly/4dhTrT7

Thinking of starting your own business? An LLC might be the perfect fit for you! This popular business structure offers the protection of a corporation with the flexibility of a partnership. Here’s how to set up your LLC in 7 simple steps: https://bit.ly/3LNCxzv

7 steps to start an LLC for your small business If you're starting a small business, it's important that your personal assets are protected from your business liabilities — that's what an LLC does.

Did you know Americans estimate they’ll need $1.8 million for a comfortable retirement? A new survey reveals workers expect their nest egg to last 23 years after retiring at 65, averaging about $78,000 per year. Learn more about retirement savings trends: https://bit.ly/4cUZUTL

If you’re looking for a versatile savings option, a money market account could be the right choice. These blend the benefits of savings and checking accounts, offering interest on your balance plus check-writing and debit card access. Find out more: https://bit.ly/3yfTyze

Transitioning from an individual contributor to a leader is tough—balancing team needs with your own work can feel overwhelming. Find out how to thrive as a leader without burning out: https://bit.ly/4bZhPHE

How to balance your priorities at work These four techniques can help leaders balance supporting their colleagues while also completing their own work.

Are you looking at retirement as an opportunity for adventure? If you’re thinking of moving abroad after you stop working, check out this list of the best countries to retire to in 2024 and why they make the cut: https://bit.ly/3YdEjkQ

Life's disappointments can hit hard, but there are ways to turn setbacks into growth opportunities. From allowing yourself to wallow briefly to reframing your thinking, check out these strategies for coping with letdowns both big and small: https://bit.ly/4dfvWJP

Wall Street’s preferred recession signal has been flashing red since 2022, but a recession has yet to materialize. Find out why the inverted yield curve, a historically reliable indicator, might be misleading us and what it means for the future: https://bit.ly/4c3dLWC

Why an indicator that has foretold almost every recession doesn't seem to be working anymore Many on Wall Street are scratching their heads about why the inverted yield curve has been so wrong this time, and whether it’s a sign of economic danger.

Did you know 95% of Americans want to grow old in their own homes? Aging in place sounds great, but most houses aren't designed for older adults with reduced mobility. Learn about the costs and considerations of renovating your home to age safely: https://bit.ly/3xQ9pV3

Failing fast and often might not be the best advice for success. One Harvard expert reveals three types of failure and how to cultivate "intelligent failures" in her award-winning book. Find out how to fail well so you can ultimately succeed: https://bit.ly/4bMxny7

If you’re dreaming of escaping the summer heat, check out these seven cool vacation destinations where temperatures stay mild, even in July and August.: https://bit.ly/46aBPFZ

Seven Best Vacation Spots to Beat the Summer Heat The best vacation spots to beat the summer heat and embrace the comparatively cool, include Alaska, Reykjavík, British Columbia, and Stockholm.

Women are smashing glass ceilings in Scotland! For the first time, women there are starting and running new businesses at the same rate as men. Discover how this historic shift is reshaping the business landscape and what challenges remain: https://bit.ly/4fdzyxM

Many retirees worry about outliving their savings, but there are smart strategies to protect your nest egg from market downturns. Learn how to create a retirement income that lasts with four actionable strategies: https://bit.ly/4bUwmUM

If you’re wondering what the most recent economic data report results mean for the overall health of the economy, check out the latest Economic Release Snapshot from Commonwealth director of fixed income, Sam Millette: https://bit.ly/3xX26uM

Economic Release Snapshot: Industrial Production Rises in June What does the latest data reveal about the state of the U.S. economy? Commonwealth's Sam Millette breaks down the numbers in his Economic Release Snapshot.

Geopolitical risks are heating up and could shake up your investments, so there’s a lot to navigate as we head into the latter half of the year. Find out what insights Commonwealth senior portfolio manager, Chris Fasciano, has to share: https://bit.ly/4daGQjR

Were you among the many people affected by the massive software glitch on Friday that paralyzed computer systems across multiple sectors and brought the world to a standstill? Learn how this happened, and what it means for our increasingly digital world: https://bit.ly/3ShJ0X6

If you’re worried about inflation eating into your retirement fund, remember you can still protect your spending power by incorporating it into your financial plan. Discover how to adjust your savings and expense estimates to stay ahead: https://bit.ly/3XW8Mnu

Listen up, investors: Slow summers are a thing of the past as markets deal with inflation data, political drama, and earnings season. Don’t miss this summary of factors influencing your portfolio from Commonwealth senior portfolio manager, Chris Fasciano: https://bit.ly/4d2ns8O

Surveying the Economic and Market Landscape From presidential politics to earnings growth, Commonwealth's Chris Fasciano explores the potential risks on the economic and market landscape.

It’s no surprise so many retirees relocate to Florida. It’s not just about the beaches—there is no state tax on retirement income and the property taxes are low. Check out the pros and cons of retiring to the Sunshine State before you make the move: https://bit.ly/47zOAtM

Looking for your dream job? It's not just about the salary—employees thrive in workplaces that value inclusivity, flexibility, and work-life balance. Discover what makes a company truly great to work for according to employee insights: https://bit.ly/4cYCHj4

Did you know only 11% of American couples retire at the same time? This plan can be beneficial due to continued income, extended healthcare coverage, and maximized Social Security benefits. Learn how staggered retirement could work for you: https://bit.ly/46e1BJ6

Why couples should consider staggered retirements In addition to the financial ramifications of staggered retirement, there are the emotional ones as well, including how couples feel about one partner still working and the other tapping on their shoulder wanting to take a trip somewhere.

In your 30s, building a retirement fund can feel impossible. You're facing big expenses, but time is on your side. Discover strategies to make saving achievable, like taking advantage of employer matches and setting up automatic contributions: https://bit.ly/3xQwWoQ

Don't let summer travel bills haunt you into the fall! Did you know that 36% of Americans plan to take on debt for summer vacations, with credit card interest rates over 20%? Find out how to enjoy your dream getaway without breaking the bank: https://bit.ly/3WolsCd

Red alert! Commonwealth director, fixed income, Sam Millette, is leaving the overall market risk level at red for now. Don’t miss Sam’s Monthly Market Risk Update SlideShare: https://bit.ly/4bOLjI5

Monthly Market Risk Update: July 2024 [SlideShare] Solid earnings growth supported equity markets in June, said Sam Millette, director of fixed income, in his latest Market Risk Update.

Feel like you could use a mental boost? Turns out, mental strength is a skill you can learn. Find out which 8 habits can help you level up your resilience and how you can develop them: https://bit.ly/4cIBeNV

Executives face many challenges that may hinder effective leadership, and these obstacles can significantly impact workplace dynamics and productivity. Discover how to overcome these roadblocks and become a better leader: https://bit.ly/4cX9W6V

If you’re feeling stressed, exercise is one of the best ways to find some relief. Check out these 9 different workouts, learn how they can help you unwind, and move your way to a calmer you: https://bit.ly/4cEKYcb

Wondering what the latest economic data reports mean for the overall health of the economy? Don’t miss Commonwealth director, fixed income, Sam Millette’s weekly Economic Release Snapshot: https://bit.ly/4cNxaMI

Looking for a safe place to invest your money in 2024? The world of bonds and fixed income might seem tricky, but opportunities are popping up in unexpected places. Commonwealth senior fixed income analyst, shares his insights in a new blog post: https://bit.ly/3S8WFja

2024 Midyear Outlook: Can Investors Find Solid Ground in Fixed Income? Can investors find solid ground in fixed income as we enter the second half? Commonwealth's Tom Scarlata explores the landscape in his midyear outlook.

Did you know 3 of 4 financial apps share your personal data with third parties? This alarming trend puts your sensitive information at risk of theft and misuse by cybercriminals. Learn how to protect yourself and choose safer apps to manage your money: https://bit.ly/3Y1Wee2

If you’re dreaming of retiring abroad but worried about language barriers, there are many incredible destinations where English is widely spoken. Find out how you can enjoy an affordable, sun-soaked retirement while still communicating easily with locals: https://bit.ly/4djr9ar

Plan Sponsor Retirement

Thinking about changing retirement plan providers? There are many reasons you might find yourself in this situation. Here’s how to swap providers as easily and smoothly as possible: https://bit.ly/3zEddJf

New retirement plan options could help you access funds during emergencies without penalty, thanks to SECURE 2.0 Act. Learn how these changes could provide a financial safety net: https://bit.ly/4bE5s3z

Attention retirement plan sponsors: Check out this reminder of upcoming 2024 retirement plan deadlines and best practices: https://bit.ly/3SIqIxz

2024 Plan Sponsor Calendar A compilation of the important deadlines and dates for sponsors of employee benefit plans | Access the calendar

Still figuring out summer vacation plans? Luckily, you can have a great getaway on any budget. Discover money-saving travel tips to make the most of your summer without breaking the bank: https://bit.ly/4b8TFdh

You hope your family will just divide up your things after you’re gone, but the probate process can be a legal nightmare if you don’t plan ahead. Without an estate plan, the probate courts will take control. Learn how to avoid this costly hassle: https://bit.ly/3XhJq2W

"Gray divorce" is on the rise, with rates doubling for couples over 55. But dividing assets in a later-in-life split can be tricky. Learn how to navigate property division, retirement accounts, and more to protect your financial future: https://bit.ly/4e9cTSK

How Finances Are Split In a Gray Divorce Navigating how finances are split in a gray divorce? Divvying up assets accumulated over many years of marriage can be complicated.

A professional bio is more than just listing accomplishments—it’s about showcasing your unique personality and career path. Learn how to create a standout profile that resonates with potential employers or clients: https://bit.ly/3l9Eme1

A staggering 82% of employees are at risk of feeling burned out. But most believe there is one important key to reducing that stress: flexibility. Discover three game-changing policies that could help your team: https://bit.ly/3RWPZo3

$84 trillion is set to change hands over the next two decades, but the Great Wealth Transfer is not just about money. It’s about experiences shared among generations. Find out how families are embracing "giving while living" and creating lasting bonds: https://bit.ly/3W4AIEe

The Great Wealth Transfer Is Happening But Not In The Way You Think Yes, there will be wealth in the traditional sense. But many Boomers have other ideas, including shared family travel and experiences.

Being a grandparent is a joy, but did you know your influence can also shape your grandkids' money habits? Learn how your actions can make a lasting impact and how to be the money role model your grandchildren need: https://bit.ly/3W6T0Vm

Generation X is quietly catching up in the retirement savings race. New data shows Gen X 401(k) balances have surpassed those of Baby Boomers for the first time. Find out about the factors driving this trend: https://bit.ly/3RNcXOv

Personal income and growth accelerated in May. Wondering what this and other new economic data mean for the health of the economy? Don’t miss Commonwealth director, fixed income, Sam Millette’s latest Economic Release Snapshot: https://bit.ly/45W1Rww

Economic Release Snapshot: Spending Growth Accelerates in May What does the latest data reveal about the state of the U.S. economy? Commonwealth's Sam Millette breaks down the numbers in his Economic Release Snapshot.

Unexpected retirement expenses can catch you off guard! Even with a solid budget, inflation and market changes might force you to seek additional income. Here are 12 side hustles perfect for retirees to boost your savings and keep you engaged: https://bit.ly/3L8qr3A

Want to climb the career ladder? To get promoted, you need to stand out to decision-makers at all levels of your organization. Check out key strategies to help you get noticed and remembered by your supervisors and higher-ups: https://bit.ly/4btxLBo

Hard work alone won't guarantee a healthy retirement. Discover why the traditional work ethic may be shortchanging your golden years and costing you more than just money. Learn two essential steps for balancing career success with long-term health: https://bit.ly/3xuLz0V

Retirement

The IRS has issued crucial guidance on early withdrawal exceptions on the 10% additional tax for emergency expenses and domestic abuse victims. This is an optional provision—discover how these changes could affect your plan: https://bit.ly/4eOFZqH

Retirement planning just got a boost! A new survey shows employers are likely to adopt key features of the SECURE 2.0 Act. Explore how these changes could impact your retirement planning strategy: https://bit.ly/4cno20Z .0

Plan Sponsors Reveal Optional SECURE 2.0 Provisions They Are Most Likely to Adopt | PLANSPONSOR In a Fidelity survey, plan sponsors put increasing the catch-up contribution limit for participants aged 60 through 63 in the top 5 of provisions they may add.

A bit of planning can make all the difference when it comes to your retirement relocation. Whether you’re after better weather or a lower cost of living, check out these tips for a smooth move to your ideal post-career destination: https://bit.ly/3S9DFkH

Did you know that 2 in 5 older adults have fallen victim to a scam, with an average loss of $33,915? From tech support tricks to the "grandparent scam," fraudsters increasingly target seniors. Learn how to protect yourself and your loved ones: https://bit.ly/3W1Mpf1

Nearly half the world's population will face national elections this year, potentially impacting your portfolio. Commonwealth senior investment research analyst, Peter Roberto, writes about how these political shifts could affect your investments: https://bit.ly/3VH8RbH

What the 2024 Elections Could Mean for Portfolios Commonwealth's Peter Roberto, senior investment research analyst, evaluates elections across the globe and their potential impact on investment portfolios.

Social media is revolutionizing B2B marketing, driving unprecedented brand outreach and revenue growth. In fact, 60% of U.S. B2B marketers reported social media as their top revenue channel in 2023. Discover how to optimize your strategy and boost success: https://bit.ly/3XIP7r2

Tapping your IRA early can be a financial blow with a 10% penalty—but there are exceptions. From medical expenses to first-time home purchases, you can access funds penalty-free in times of need. Learn how to avoid the fees and protect your savings: https://bit.ly/3zkOD01

Did you know that genetics only account for about 30% of how we age? Lifestyle choices play a crucial role in preventing or delaying age-related declines. Find out how exercise, diet, and other preventive measures can impact your health as you age: https://bit.ly/3RGZjMP

Will You Make The Same Mistakes About Aging That Your Parents Did? Aging well is not simply a matter of luck. We do have solid research that tells us how we can make our last decades better and healthier. That takes work.

If you’re a manager looking to boost team performance and engagement, asking your direct reports key questions can provide invaluable insights into their well-being, goals, and challenges. Find out the 5 things to ask each quarter: https://bit.ly/3zeeLcK

Workers nearing retirement with a hefty pre-tax 401(k) or IRA could be facing a "tax time bomb" due to required minimum distributions (RMDs), potentially pushing them into a higher tax bracket. Explore key strategies to manage your tax burden effectively: https://bit.ly/45Jhc3u

Losing a spouse is devastating, and managing finances during this time can add to the burden. Proper planning can make a world of difference for widows navigating this transition. Discover strategies for financial and emotional well-being during widowhood: https://bit.ly/3xp5nCP

Widows Share Their Financial Strategies Dealing with loss is overwhelming. Preparation helps take away financial headaches so you can focus on yourself.