Blue Haven Strategic Financial Group

07/31/2025

Preventing retirement plan nightmares starts with beneficiary designations. Two landmark court cases highlight how outdated information can lead to significant disputes and unintended recipients. Find out how to ensure compliance and protect your participants' legacies:

As a plan sponsor, your responsibilities extend beyond the administration of retirement plans to ensuring the financial security of your participants and their beneficiaries.

06/05/2025

Over half of Gen Xers have saved less than three times their annual income for retirement, which is way below the recommended amount. But don't panic; learn steps you can take to get your savings back on track and boost your nest egg: https://cnb.cx/4kJgSaS

Three steps you can take to catch up on saving for retirement, according to a financial planner.

05/29/2025

Your 40s may be packed with mortgage payments and college funds, but don’t overlook Social Security. Benefits may shrink by 20 percent, full retirement age could rise, and future payouts aren’t set in stone. Learn 3 facts that could help you plan: https://bit.ly/43OQgje

You may have heard some rumors that Social Security will be out of money by the time you're ready to retire. But thankfully, that's not true.

05/12/2025

April's market was a rollercoaster! While the Nasdaq managed a small gain, the S&P 500 and Dow Jones dipped. Want to know how to navigate the uncertainty ahead? Watch the latest Market Thoughts video from Commonwealth CIO Brad McMillan for key insights: https://bit.ly/42XUDH8

How did the markets and economy do in April, and are there risks ahead? Find out in our Market Thoughts video from Commonwealth's Brad McMillan.

01/23/2025

Are your retirement savings on track? The median 401(k) balance for Americans aged 55–64 is just $87,571, far lower than the $244,750 average reported in a recent study. Find out how to boost your nest egg by maximizing your employer's 401(k) match: https://bit.ly/4g9LnnZ

Here's what the average 401(k) balance looks like for those closest to retirement age, plus one simple way to save more.

01/15/2025

Is your company's retirement plan truly competitive, or are you stuck in a comfort zone? Effective benchmarking goes beyond fees and participation—it’s about assessing outcomes, plan design, and engagement. Find out why deeper analysis makes a difference: https://bit.ly/42bwfTz

Experts say ongoing monitoring of retirement plans to ensure they maintain competitive offerings should be more nuanced than merely looking at costs and investment performance.

01/09/2025

Gen X is hitting a major milestone: the oldest members turn 60 this year! From budgeting pitfalls to unexpected taxes, preparing for retirement isn’t easy—but understanding key strategies can make all the difference. Learn how to protect your finances: https://bit.ly/3BUv40f

Retirement is just around the corner for Gen X. Here’s what they need to know.

01/08/2025

Aging comes with many benefits—wisdom, life experience, and even tax breaks. If you’re nearing or over 50, check out these 10 ways you may be able to save on your tax return: https://bit.ly/49pjGF0

Growing older qualifies you for a variety of tax perks that aren't available to younger workers.

01/02/2025

May this year bring success, growth, and opportunities to achieve all your goals.

10/14/2024

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

New provisions of the SECURE 2.0 Act in 2025 will help retirement savers grow their accounts.

10/09/2024

Did you know that 1 in 5 Americans over 50 have no retirement savings? The U.S. faces a crisis, but there's hope with smart planning and government reforms. Discover four key strategies to kickstart your savings, even if you're starting late: https://bit.ly/3NgIMws

If you're afraid you're behind in saving for retirement, it's important to act. You can do something. Here are four ways to help get back on track.