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

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Healthcare Provider Update: UFP Industries partners with UnitedHealthcare as its healthcare provider for employee health insurance plans. As the landscape of healthcare costs shifts, upcoming changes in 2026 are raising concerns for employees and employers alike. Factors such as the impending expiration of enhanced subsidies from the Affordable Care Act (ACA), rising medical costs, and premium hikes from major insurers are expected to significantly inflate healthcare expenses. Preliminary estimates indicate many UFP Industries employees might face premium increases of around 20%, with some states reporting hikes over 60%. This combination is projected to thrust out-of-pocket expenses for enrollees upward, often by more than 75%, compelling both individuals and families to reassess their healthcare budgeting for the upcoming year. Click here to learn more

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

What type of retirement savings plan does UFP Industries offer to its employees?

UFP Industries offers a 401(k) retirement savings plan to help employees save for their future.

How does UFP Industries match employee contributions to the 401(k) plan?

UFP Industries provides a matching contribution to the 401(k) plan, which typically includes a percentage of the employee's contributions, subject to certain limits.

What is the eligibility criteria for employees to participate in UFP Industries' 401(k) plan?

Employees at UFP Industries are generally eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first few months of employment.

Can employees of UFP Industries make pre-tax contributions to their 401(k) accounts?

Yes, UFP Industries allows employees to make pre-tax contributions to their 401(k) accounts, reducing their taxable income for the year.

Does UFP Industries offer a Roth 401(k) option for employees?

Yes, UFP Industries provides a Roth 401(k) option, allowing employees to make after-tax contributions that can grow tax-free.

What investment options are available in the UFP Industries 401(k) plan?

The 401(k) plan at UFP Industries includes a variety of investment options, such as mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amounts to the UFP Industries 401(k) plan?

Employees can typically change their contribution amounts to the UFP Industries 401(k) plan on a quarterly basis or as specified in the plan documents.

What happens to an employee's 401(k) balance if they leave UFP Industries?

If an employee leaves UFP Industries, they have several options for their 401(k) balance, including rolling it over to another retirement account, leaving it in the UFP Industries plan, or cashing it out.

Does UFP Industries charge fees for managing the 401(k) plan?

Yes, UFP Industries may charge administrative fees and investment-related fees for managing the 401(k) plan, which are disclosed in the plan documents.

How can employees access their 401(k) account information at UFP Industries?

Employees can access their 401(k) account information through the online portal provided by UFP Industries' plan administrator.

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For more information you can reach the plan administrator for UFP Industries at , ; or by calling them at .

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