Retirement

Frequently Asked Questions About Spectrum Health's Retirement Plan

Frequently Asked Questions About Spectrum Health's  Retirement Plan

For many employees, Spectrum Health offers to “match” to the money you put in your 403(b) retirement account.  For example, if you contribute 3% of your paycheck to your 403(b) Spectrum might contribute 3% as well.  For instance, if Spectrum offers you a 3% match and you earn $50,000 a year, you would contribute $1,500 and Spectrum would contribute $1,500, for a total contribution of $3,000.  

3 Ways to Pay for Long-Term Care in Retirement

3 Ways to Pay for Long-Term Care in Retirement

For seniors, Medicare is a primary resource for financing medical care like hospital stays, skilled nursing, outpatient care, and medical equipment. While Medicare Parts A and B, also known as Original Medicare, don’t cover vision and dental care or prescriptions, seniors can supplement their policy with a low-cost Medicare Advantage plan to include these benefits.

401(k) or Roth IRA? A Guide to Retirement Accounts

401(k) or Roth IRA? A Guide to Retirement Accounts

What is the difference between a 401(k) and a Roth IRA? Should I choose a traditional or Roth Retirement option? What are the advantages of my work retirement plan? Understanding the different types of retirement accounts and deciding what is best for you are important decisions. Proud to offer financial advice to West Michigan, Custer Financial Advisors has offices in Zeeland, Jenison, Grand Rapids, and Ludington and is happy to help you decide what retirement plan is suitable for you.

Retirement Options for Michigan Public School Teachers

Retirement Options for Michigan Public School Teachers

The Pension Plus plan and the 403(b) option are two of the retirement options currently available to Michigan Public School teachers and educators.  Deciding which retirement plan is right for you can be a challenge.  Today's blog post is for Michigan public school teachers and takes a look at the differences in retirement plans.  With offices in Zeeland, Jenison, Ludington, and Grand Rapids, Custer Financial is proud to offer financial advice to Michigan teachers and can even help you manage your school retirement plan.  

Retirement Cost Calculator

Retirement Cost Calculator

How much does retirement cost and when do I have enough money to retire? Deciding when to retire is an important decision that requires knowing how much money you will need in retirement.  Use this Retirement Cost Calculator to determine what you might need to retire.  With offices in Zeeland, Jenison, Grand Rapids, and Ludington, Custer Financial Advisors is happy to help people in West Michigan understand their retirement options.  

The Potential Impact of Saving for Retirement When You're Young

The Potential Impact of Saving for Retirement When You're Young

Starting to save for retirement when you're young, even in small amounts, can have a tremendous impact on how much money you have when you retire.  Starting to invest in your twenties and thirties can make a big difference.  Take a look at what a ten year difference can make in beginning to invest.  Custer Financial Advisors is proud to offer financial advice to millennials to help them build wealth in the future.  With offices in Zeeland, Jenison, Grand Rapids, and Ludington, Custer Financial is happy to help West Michigan get started with investing.