empower retirement

Retirement Roundup Series

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Am I On-track for My Retirement?

Learn how often to review your account to determine your savings status.

  • See how your Retirement Plan Advisor can help you track your progress.
  • Sign up for a virtual/online retirement readiness review with your advisor.

Read More

Retirement Roundup

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Am I On-track for My Retirement?

Learn how often to review your account to determine your savings status.

  • See how your Retirement Plan Advisor can help you track your progress.
  • Sign up for a virtual/online retirement readiness review with your advisor.

Read More

Avoid These Retirement Planning Miscues

Christy Nealey

Ask any retiree if they wish they had done anything different to be financially ready for life after work, and you’ll probably hear some regrets. Planning for a future we can’t predict but know is coming can be tricky. However, you can take steps now to steer clear of those feelings of regret later in life. Here are some suggestions for things to avoid:

  • Not saving enough – Many financial advisors recommend saving enough to cover 70% to 90% of your pre-retirement annual income to maintain your standard of living. Social Security benefits and pension income may not be enough to reach that mark, so be sure to work toward closing any gap by saving at the level you need to live the retirement you want.
  • Not saving soon enough – It’s obvious but true: The earlier you start saving, the more likely you’ll reach your retirement income goals. Over time, the power of compound growth — where any earnings from your investments get reinvested to generate potentially even more growth — can work to your advantage.
  • Missing opportunities to save more – Don’t be discouraged if you’re getting a late start on saving for retirement. If you’ll be 50 or older this year, catch-up contributions may help you reach your savings goals as you near the end of your career. In 2023, you can contribute an additional $7,500 to your plan.
  • Not investing appropriately – Does your mix of investment types (also known as asset classes) match your risk tolerance and planned retirement timeline? Investing either too conservatively or too aggressively can put your retirement income goals in jeopardy. It’s critical to find the right balance of investment risk and return potential in your asset-allocation strategy.1
  • Trying to time the market – When you see your retirement account balance drop, you may be tempted to shift money out of stock funds into less risky investments with lower risk — and reinvest when the market recovers. This is known as “timing the market.” Before you do this, remember that no one knows when the market may rebound and missing out on the market’s best days. If you aren’t invested in stocks when the market recovers, you may have “locked in” your losses by missing out on potential gains.

Talk to Chip Richardson, our Henrico County plan representative about how you can avoid retirement planning regrets and achieve the bright financial future you want.

John “Chip” Richardson
Phone: (804) 501-5233
Mobile:  (804) 221-1474
Email:  [email protected]

1 Asset allocation, diversification, and/or rebalancing do not ensure a profit or protect against loss.

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Pretax or Roth Contributions

Learn the difference between pretax and Roth (after-tax) savings.

  • Examine the tax benefits of each.
  • Help determine which might be a better fit for you.

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Pretax or Roth Contributions

Learn the difference between pretax and Roth (after-tax) savings.

  • Examine the tax benefits of each.
  • Help determine which might be a better fit for you.

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Pretax or Roth Contributions

Learn the difference between pretax and Roth (after-tax) savings.

  • Examine the tax benefits of each.
  • Help determine which might be a better fit for you.

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

 

 Pretax or Roth Contributions

Learn the difference between pretax and Roth (after-tax) savings.

  • Examine the tax benefits of each.
  • Help determine which might be a better fit for you.

Read More

Join Us for Henrico’s Life-long Wellness Fair

Christy Nealey

Henrico’s Life-long Wellness Fair: Taking Action To Live Well Now And To Prepare For The Unexpected.

Wednesday, May 17, 2023 11 AM – 1 PM

Henrico Western Government Center, Administration Courtyard Fountain – rain back up first level of the parking garage

May is National Employee Health and Fitness Month and Older Americans Month. Both observances aim to improve the health of the workforce through all stages of employment and past retirement. Through initiatives and helpful programs and services, these campaigns encourage employees to make ‘healthy the norm” by cultivating sustainable life-long wellness action beyond May.

The Life-long Wellness Fair: Taking action to live well now and to prepare for the unexpected employee event is scheduled for Wednesday, May 17, 2023, 11 AM – 1 PM at the Henrico Western Government Center, Administration Courtyard Fountain (rain site: first level of the parking garage). 

The fair offers a variety of free health, fitness, and preparedness educational vendors such as

  • Blood pressure Screening
  • Free and Discounted gym memberships
  • Employee and community fitness and recreation programming
  • Virginia Extension Office, Keep Henrico Beautiful, HEART
  • Financial preparedness resources
  • Henrico’s Fire Marshall’s office and CARE
  • Bystander CPR, Safety, and AED
  • EngAge Advocate for the Aging & Eldercare resources
  • Wills/Power of Attorney/Probate

There will also be giveaways and much more!

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

Pursuing Financial Wellness

  • What financial wellness is and why it matters
  • Steps to achieving financial wellness
  • How My Financial Path can help you

Read More

Retirement Roundup Series

Attend an online seminar for your County of Henrico 457 Retirement Plan

The more you know about your financial picture and your County of Henrico Plan, the more you can get out of it. To provide you with some important tools to help you make informed decisions, your Retirement Plan Advisor, Chip Richardson, is hosting a series of 30-minute online seminars.

Please reach out to Chip for questions regarding your Henrico County 457 retirement plan. Below you will find the key takeaways of the upcoming seminar series and a link to register for each seminar.

Pursuing Financial Wellness

  • What financial wellness is and why it matters
  • Steps to achieving financial wellness
  • How My Financial Path can help you

Read More