Time to review your retirement account
You may want to: Increase your 403(b) contributions by completing a new Salary Reduction Agreement (SRA). Review and update your beneficiaries, especially if you’ve experienced any life events...
View Article403(b) and IRA contribution limits have changed
The last IRA increase was in 2013. Take advantage of these new limits to increase your retirement savings. The 2019 limit for the 403(b) has increased to $19,000, with the age 50 and over catch-up...
View ArticleSonja’s swan song
I’m retiring. Actually, by the time you read this, I will be weeks into this new phase of life. It’s been an interesting process—this unwinding from something that has become so much a part of who I...
View ArticleKeys to successful retirement saving
Start early Contribute as much as you can to your savings plans as early as possible. That way, your savings have a longer time to benefit from potential investment growth—and you enhance your ability...
View ArticleSubscribe to a simple savings plan
If you’re looking for an easy solution to boost your retirement savings this year, we have one word for you: Automatic. Making contributions directly from your checking or savings account or taking...
View ArticleKeep track of your beneficiaries
While saving as much as you can for retirement is important, it’s just as important to determine the beneficiaries of your account—and keep them up to date. Naming beneficiaries for your retirement...
View ArticleSave more for your nest egg!
One secret to building financial security is to regularly pay yourself first. Instead of paying your bills and then trying to save what is left over, set money aside before you pay your bills. This way...
View ArticleBack to school…back to saving for retirement
Start saving…now. September 6, 2019 was National 403(b) Day! Our celebration idea for you: Open a 403(b) or increase your contributions. You can save with a 403(b) through your district, and if...
View ArticleNational Retirement Security Week 2019
“According to the 2019 EBRI/Greenwald Retirement Confidence Survey, two-thirds of American workers say they are confident they will have enough money to retire comfortably.” Yet more than 22 percent of...
View ArticleAnnouncing the 2020 Prudential Guaranteed Investment credited rate of return
Through a long-time partnership with Prudential, Member Benefits has been able to offer participants in our 403(b) and IRA program a guaranteed investment option designed for the conservative investor...
View ArticleWorking at a new district this year? Don’t forget your 403(b)
That’s right. Your 403(b) is an employer-sponsored plan, so when you leave a district, any contributions to that account stop. To continue funding your retirement savings, you need to set up a new...
View ArticleDecisions, decisions on distributions
Your required minimum distribution (RMD) is the minimum amount you must withdraw from your account each year, but you can choose to withdraw more. You generally have to start taking withdrawals from...
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Time to review 403(b) and IRA contribution limits
The contribution limit for the 403(b) increased from $18,500 to $19,000 in 2019. The limit on annual contributions to an IRA, which last increased in 2013, has increased from $5,500 to $6,000. If...
View ArticleYear-end deadlines for your retirement accounts
Important dates for your calendar 403(b) and IRA exchanges/transfers/rollovers Exchanges, transfers, and rollovers require significant processing time. Your completed paperwork (including approved...
View ArticleReady to rollover to a WEA Member Benefits IRA?
Managing your investment accounts is easier when you consolidate. Consider rolling over into our IRA program where you’ll pay ONE low administrative fee up to an annual fee cap.** Here’s a few reasons...
View Article403(b) and IRA contribution limits for 2020
IRA contribution limits remain the same, but 403(b) contribution limits have increased this year. Take advantage of these new limits to increase your retirement savings. The 2020 limits for the 403(b)...
View ArticleSECURE Act 2020 FAQs
Significant changes made by this new legislation may impact you and your financial plans, especially for those in their 50s and 60s who are nearing retirement. The new law includes changes to required...
View ArticleDon’t let your ne$t egg get poached
If you’re in or near retirement, guess what—you’re a real catch. Assuming you’ve been saving over a number of years in your 403(b), IRA, and/or spouse’s 401(k), your retirement account balance is...
View ArticleDon’t panic over stock market volatility
But watch your emotions. Despite our best intentions to act rationally, basic impulses and emotional responses can influence our decisions, often against our better judgment. There is an old saying on...
View ArticleKeep calm and invest on
As of March 2020 when this article is being written, we’re dealing with an unprecedented health crisis. Our personal lives are being affected in a myriad of unexpected ways. It is understandable that...
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