Saving for Retirement and Beyond
Saving for Retirement and Beyond
Personal Investment Advice
The 401(k) Plan (the “Plan”) includes my Financial Future®, a managed account service that includes personalized advice that can help you know how much to save and how to invest your retirement plan account. This service is provided by Creative Planning Retirement Services and Morningstar
Investment Management, LLC.
Sotera Health's previous retirement advisors, Mesirow Retirement Advisory Services, has joined Creative Planning Retirement Services. Being a part of Creative Planning allows for enhanced services and provides you with an even broader range of financial solutions and resources. See announcement here.
This service:
• Calculates how much income you’ll need in retirement
• Determines how much more you’ll need to save to reach your retirement savings goal
• Identifies a savings rate
• Recommends the investments for your retirement plan account based on the investments available within your plan
If you’re age 50 or older, you can receive a sustainable spending plan to help you know how much to withdraw from your various income sources each year in retirement.
For a fee, you can also receive professional management of your retirement plan account through the managed account service, including:
• Ongoing investment monitoring
• Automatic adjustments to your investments.
The fee for this service is based on your eligible average daily retirement plan account balance and the number of days you are in the service. Eligible balances exclude loan balances. The fee is applied to your plan account on a quarterly basis.