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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Unlocking Retirement Planning: The Top 3 Retirement Calculators for Builders FirstSource Employees and Retirees

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Healthcare Provider Update: Healthcare Provider for Builders FirstSource The healthcare provider for Builders FirstSource is not explicitly named in the available resources; however, large employers generally partner with major insurance companies such as UnitedHealthcare, Anthem, Cigna, or Aetna to offer health plans to their employees. Potential Healthcare Cost Increases in 2026 In 2026, employees of Builders FirstSource may face significant healthcare cost increases as a result of anticipated hikes in health insurance premiums-some states may see raises of over 60%. Factors contributing to these increases include the potential expiration of enhanced federal premium subsidies under the Affordable Care Act (ACA) and rising medical care costs driven by inflation and specific expensive treatments. As a result, many employees could experience greater out-of-pocket expenses, compelling them to evaluate their healthcare plans and reassess their financial options carefully. Preparedness in understanding and managing these changes will be crucial for maintaining affordability in the coming year. Click here to learn more

Organizing for retirement has never been more difficult for Builders FirstSource employees. Given the current state of the economy and the uncertain times ahead, it may appear that having a finance degree is necessary to succeed. However, ironically, because of the development of sophisticated tools like retirement calculators that streamline the planning process, it has also never been easier.

A cursory web search yields a wealth of retirement calculators available for Builders FirstSource employees. But number and quality are not the same. Choosing the appropriate instrument for a certain circumstance is essential. Each of the following calculators offers specific features to meet the demands of the user in addition to providing crucial information for wise retirement planning decisions.

1.  Retirement Planning with Wealth Enhancement Group

Four effective options are provided by Wealth Enhancement Group:

  • - Retirement Readiness Calculator
  • - 401(k) Calculator
  • - Compound Interest Calculator
  • - Monthly Expense Calculator

 

These options make the Wealth Enhancement Group calculators an ideal option for Builders FirstSource employees. The application provides individualized advice for improving retirement plans. The first step for users is to register and fill out some basic information. After that, the tool offers personalized analysis of your financial situation. A meeting with a retirement advisor is also available with Wealth Enhancement Group. 

Advantages:

- Incredibly thorough and customized.

  • - Simple to use.
  • - Makes recommendations for enhancing retirement planning.
  •  
    • 2.  Retirement Calculator from AARP

The calculator provided by AARP is easy to use and covers all the necessary ground without being unduly complicated. Users can test several scenarios on the interactive results page, which is particularly useful for Builders FirstSource employees.

Advantages:

  • - Straightforward and simple to comprehend.
  • - A scenario testing results page that is interactive.
  •  

3. Retirement Planner by MarketWatch

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A variety of calculators, each concentrating on a different facet of retirement planning, are available from MarketWatch. This division has advantages and disadvantages for Builders FirstSource employees.

Advantages:

  • - Different calculators for distinct purposes.
  • - Simple to see results and modify inputs
  •  

In Summary

Although retirement planning can seem overwhelming, it can be simple and doable with the right resources for Builders FirstSource employees. The retirement calculators shown here are intended to make planning easier by providing insights that can be put into practice.

For those looking for thorough and customized retirement plans, the calculators above serve as great options because they are  is both personalized and detailed. Every calculator has advantages and disadvantages based on the demands and preferences of the user. By making use of these resources, Builders FirstSource employees can take charge of their retirement planning and acquire confidence during their golden years.

Aside from the specific features and advantages of any calculator, it's important to remember that retirees who consistently use thorough planning tools have much higher levels of financial confidence. According to a recent Vanguard survey, Builders FirstSource employees who use thorough planning tools had a 40% higher likelihood of feeling confident about their retirement plans. This demonstrates how important precise and thorough retirement calculators are to improving financial preparedness and comfort.

Having the greatest tools available to be informed and prepared can make a big impact as the financial landscape continues to change. Using sophisticated retirement calculators not only helps with careful planning but also gives Builders FirstSource employees the ability to face their retirement years with clarity and confidence.

67% of retirees who utilize detailed retirement calculators indicated increased satisfaction with their retirement savings and income planning compared to those who did not use such tools, according to a recent Employee Benefit Research Institute (EBRI) study. This emphasizes how important it is for Builders FirstSource employees to use sophisticated retirement calculators like Wealth Enhancement Group and AARP, which provide individualized planning options and in-depth insights, guaranteeing a more certain and organized retirement plan.

Retirement planning is similar to crossing a wide ocean. It's like having a fleet of quality navigational equipment at your disposal when you use the top ten retirement calculators. Every one of them, from AARP to Wealth Enhancement Group, serves as a quality compass, assisting you in precisely navigating the financial waters. Similar to how a trustworthy compass helps sailors navigate erratic waters, these calculators offer precise, detailed, and customized information to help Builders FirstSource employees navigate their retirement planning toward a safe and wealthy future.

What is the 401(k) plan offered by Builders FirstSource?

The 401(k) plan at Builders FirstSource is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How does Builders FirstSource match employee contributions to the 401(k) plan?

Builders FirstSource offers a matching contribution to the 401(k) plan, which typically matches a percentage of the employee's contributions, helping to boost retirement savings.

When can employees of Builders FirstSource enroll in the 401(k) plan?

Employees of Builders FirstSource can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.

What are the eligibility requirements for the 401(k) plan at Builders FirstSource?

To be eligible for the 401(k) plan at Builders FirstSource, employees generally need to be at least 21 years old and have completed a specified period of service.

Can employees of Builders FirstSource take loans against their 401(k) savings?

Yes, Builders FirstSource allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What investment options are available in the Builders FirstSource 401(k) plan?

The Builders FirstSource 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How can employees of Builders FirstSource access their 401(k) account information?

Employees can access their 401(k) account information through the Builders FirstSource benefits portal or by contacting the plan administrator.

What happens to the 401(k) plan if an employee leaves Builders FirstSource?

If an employee leaves Builders FirstSource, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Builders FirstSource plan if eligible.

Does Builders FirstSource offer financial education resources for its 401(k) plan?

Yes, Builders FirstSource provides financial education resources and workshops to help employees make informed decisions about their 401(k) savings.

Are there any fees associated with the Builders FirstSource 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the Builders FirstSource 401(k) plan, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Builders FirstSource announced a restructuring plan to streamline operations and reduce costs, which includes potential layoffs.
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For more information you can reach the plan administrator for Builders FirstSource at 2001 Bryan Street, Suite 1600 Dallas, TX 75201; or by calling them at +1 214-880-3500.

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