Mindy has more than a decade of experience managing assets as well as providing market insights and financial guidance to clients. She's a Certified Investment Management Analyst® (CIMA®) professional.
Maximize Your Savings in 2025: Expert Insights from Betterment
Mindy suggests high-yield cash accounts for short-term needs due to their accessibility and principal protection. She notes, "As interest rates decline, consider diversified stock and bond portfolios for long-term growth." Money market funds and Treasury bills offer higher yields but carry some risk. Tailor your savings strategy to your financial goals, risk tolerance, and life stage.
Maximize Your 401(k): Capture Employer Match and Use Auto-Escalation
Mindy advises, “Ensure you're contributing enough to capture the full employer match and activate auto-escalation if available.” This strategy boosts savings and helps them grow with your income. Avoid neglecting old 401(k)s or cashing out without understanding consequences. Start small, increase contributions annually, and consider target-date funds for a diversified start.
Retirement Expenses: The Underestimated Reality
Mindy highlights that retirees often underestimate expenses due to overlooked lifestyle changes and unexpected costs like healthcare. She advises creating a comprehensive budget, utilizing tax-advantaged accounts, and maintaining an emergency fund. Strategies like auto-escalating 401(k) contributions and digital planning tools are essential for long-term financial security.