Insurance Services

Advisory Services

Month: August 2024

Published
Categorized as Uncategorized

National Public Data Breach: What You Need to Know

In the ever-evolving landscape of data security, the recent and alarming cyber crisis has left millions of Americans reeling.  This particular data breach included PII (personal identifiable information), including Social Security numbers of almost 3 billion people. In response to this data breach, New York Rep. Ritchie Torres said: “When it comes to cyberspace, there… Continue reading National Public Data Breach: What You Need to Know

Published
Categorized as Uncategorized

What to Do If You’re Behind on 401(k) Savings

Given the increase in the cost of retirement, it’s no wonder many are worried they are behind on 401(k) savings. According to the Northwestern Mutual 2024 Planning & Progress Study, “American adults say on average they now need $1.46 million to retire. That’s 15% higher than a year earlier and a 50% increase since 2020.”¹… Continue reading What to Do If You’re Behind on 401(k) Savings

Published
Categorized as Uncategorized

Why Early 401(k) Withdrawals May Derail Your Retirement

Early 401(k) withdrawals are soaring. According to the Vanguard Group, “A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in order to cover a financial hardship amid the ongoing inflation crisis.”¹ Approximately 3.6% of workers participating in employer-sponsored 401(k) plans made early 401(k) withdrawals in 2023, higher than the 2.8%… Continue reading Why Early 401(k) Withdrawals May Derail Your Retirement