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

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Organizing for retirement has never been more difficult for TEGNA 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 TEGNA 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 TEGNA 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 TEGNA 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 TEGNA 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 TEGNA 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, TEGNA 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, TEGNA 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 TEGNA 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 TEGNA 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 TEGNA employees navigate their retirement planning toward a safe and wealthy future.

What is TEGNA's 401(k) plan?

TEGNA's 401(k) plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax (Roth) basis.

How can I enroll in TEGNA's 401(k) plan?

You can enroll in TEGNA's 401(k) plan by logging into the employee benefits portal and following the enrollment instructions provided.

What is the employer match for TEGNA's 401(k) plan?

TEGNA offers a competitive employer match for contributions made to the 401(k) plan, which helps employees boost their retirement savings.

When can I start contributing to TEGNA's 401(k) plan?

Employees at TEGNA can start contributing to the 401(k) plan after completing their eligibility requirements, typically within the first few months of employment.

What types of investment options are available in TEGNA's 401(k) plan?

TEGNA's 401(k) plan includes a variety of investment options, such as mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

Can I change my contribution amount to TEGNA's 401(k) plan?

Yes, employees can change their contribution amounts to TEGNA's 401(k) plan at any time through the employee benefits portal.

Does TEGNA offer a Roth 401(k) option?

Yes, TEGNA offers a Roth 401(k) option, allowing employees to make after-tax contributions and potentially enjoy tax-free withdrawals in retirement.

What happens to my TEGNA 401(k) if I leave the company?

If you leave TEGNA, you have several options for your 401(k), including cashing out, rolling it over to another retirement account, or leaving it with TEGNA.

Is there a vesting schedule for TEGNA's 401(k) employer match?

Yes, TEGNA has a vesting schedule for the employer match, meaning that employees must work for the company for a certain period before they fully own the matched funds.

How can I access my TEGNA 401(k) account?

You can access your TEGNA 401(k) account by logging into the designated retirement plan website or mobile app provided by the plan administrator.

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